I have £21,000 saved up, what is the best thing to do with it?

wombat42_2

terryw wrote: »

I was so pleased to see your post. Here in Nigeria I have a superb investment opportunity for you. I am Prince Monolulu and I have a large chest full of gold which I need to send to a willing partner outside Nigeria.

The gold is valued at £3333330000 and you will be entitle to 10 per cent. Please let me have your bank account number and sort codes so that I may exercise the modualities and pay this money into your account.

terryw

Yes I would like to get rich quick. Just tell me where I sign

Beta89

poolielad wrote: »

Which, crude oil companies would you suggest investing in?????

Many thanks

Aloha, i would advise you not investing in 'companies',
but instead investing in teh actual commodity futures contracts.

(Can be done trhough any SB firm (Tax free), or any Brokers firm).


Since oil firms like shell, BP.. ect
they do rise when oil and other things rise, however they have a cap on their levels and so wont rise in %s like oil and commodities will.

And especially since theres always take-ove bids, earning reports... ect with companies,
but with the actual commodities they are simply based on suppy/demmand.


And now we are at the lows of demmand they are cheapest to buy, and supply is still decreasing and getting lower everyday.



Id suggest buying crude oil, corn, wheat, and sugar.


Oil is still cheap at at $51s, corn is very cheap at 386, and sugar n wheat are cheapest they will get at daily market prices, as they bottomed out in jaunaury.

Beta89

mr_fishbulb wrote: »

DO NOT UNDER AND CIRCUMSTANCES PUT THIS MONEY IN COMMODITIES!! This is a very high risk option and you are just as likely to lose your hard-earned cash than to double your money. Think about it - if prices are likely to double by the end of they year, wouldn't they have already gone up a lot as professional traders clamber on top of each other to buy them?

ALoha mate.

While i do understand that you do have yoru own personal views of trading/investing, and everyone is entitled to their own view,
i am giving advice from my experience as a crude oil trader. :rolleyes:
(I trade on the stockmarket everyday for a living, specialised in crude oil, although i occasional trade the dow and a few other markets).



I will try to answer your statements though mate. :beer:

You say ''prices would have already risen if they were going to''.
I dont quite understand exactly what you mean by this though, since that isnt how the markets work.
If it was then why would the ftse be around 3900 at the moment, if over the next 6months the economy is gna increase and so will be at 4800 by year end? lol

You see what i mean, things dont move that fast just like that in the markets.



Although the oil price is rising fast already, it went from $33s 4weeks ago, to $53 today, so roughly 60% increase in 1month!

And with what the Fed announced last thursday about buying longdated treasuries (basiclaly just means tehm priniting out trillions of dollars to cuae inflation), that triggered of a huge drop in the value of the dollar, and is gna weaken the dollar alot over the next few years,
which means hyper inflation,
which means that the price of oil and all other commodities rise sharply,
since they are all priced in dollars. :T

msfender

dazcouz wrote: »

Ha! Too late I have already given all my money to George Adwdwongo.as he said I had won the Ugandan national lottery (£10,000,000) and he just need the £21K to "relese" the funds. He seemed a nice guy though, although it has been a week since I last heard from him.

Oh no, he didn't promise to arrange a hot beverage with Ant and Dec too did he?

wombat42_2

Beta89 wrote: »

ALoha mate.

While i do understand that you do have yoru own personal views of trading/investing, and everyone is entitled to their own view,
i am giving advice from my experience as a crude oil trader. :rolleyes:
(I trade on the stockmarket everyday for a living, specialised in crude oil, although i occasional trade the dow and a few other markets).



I will try to answer your statements though mate. :beer:

You say ''prices would have already risen if they were going to''.
I dont quite understand exactly what you mean by this though, since that isnt how the markets work.
If it was then why would the ftse be around 3900 at the moment, if over the next 6months the economy is gna increase and so will be at 4800 by year end? lol

You see what i mean, things dont move that fast just like that in the markets.



Although the oil price is rising fast already, it went from $33s 4weeks ago, to $53 today, so roughly 60% increase in 1month!

And with what the Fed announced last thursday about buying longdated treasuries (basiclaly just means tehm priniting out trillions of dollars to cuae inflation), that triggered of a huge drop in the value of the dollar, and is gna weaken the dollar alot over the next few years,
which means hyper inflation,
which means that the price of oil and all other commodities rise sharply,
since they are all priced in dollars. :T

There are various reasons why commodity prices will shoot up such as supply destruction, peak oil, probably falling dollar. The inflation or maybe hyperinflation factor is a probably a majority view - but there are a few influential diseenters who insist inflation wont be a problem for years. I personally have 100% of my investments in commodities and commodity shares but it is still highly irresponsible to sink a relatively small cash buffer (21K) into the markets as nothing is certain in this world and the investment ride is sure to be bumpy. I have a decent cash buffer.

mr_fishbulb

Beta89 wrote: »

ALoha mate.

While i do understand that you do have yoru own personal views of trading/investing, and everyone is entitled to their own view,
i am giving advice from my experience as a crude oil trader. :rolleyes:
(I trade on the stockmarket everyday for a living, specialised in crude oil, although i occasional trade the dow and a few other markets).

No offense intended - I wasn't trying to say you didn't know what you were talking about or anything like that :beer:

It's just that I don't see this as a very good place for the original poster to put his money that he will need to get at when he buys a house in the not too distant future.

What if his commodities basket is down in two year's time (you don't think it likely but it's not 100%) but he needs to buy a house right then? For example he gets offered a great new job halfway across the country, or gets a lovely lady up the duff, etc. He will need access to the money straight away and cannot afford to wait for the market to recover.

Beta89 wrote: »

And with what the Fed announced last thursday about buying longdated treasuries (basiclaly just means tehm priniting out trillions of dollars to cuae inflation), that triggered of a huge drop in the value of the dollar, and is gna weaken the dollar alot over the next few years,
which means hyper inflation,
which means that the price of oil and all other commodities rise sharply,
since they are all priced in dollars. :T

However he will still need money in Sterling. Dollar is quite strong against the pound at the moment (although has fallen over the last few days). If he buys now and then the dollar weakens as you say, his commodities will lose sterling value as they are priced in dollars.

[Deleted User]

op, if you invest in futures or use spread betting or derivatives, you are likely to lose all your money and more besides

[Deleted User]

and beta is now trying to get housing benefits so what happened to his futures trading?

http://forums.moneysavingexpert.com/showthread.html?t=1521301

quote:
Im 19years old, i live alone in a small studio flat (not even 1bedroom),
im responsible for the full rent, im unemployed and have been for over 5months now,
i have 3bank accounts of which 1 has £5, one has 9pence, one has -£196

ignore the troll

thrupence

Beta89 wrote: »

ALoha mate.

i am giving advice from my experience as a crude oil trader. :rolleyes:
(I trade on the stockmarket everyday for a living, specialised in crude oil, although i occasional trade the dow and a few other markets).

Brilliant. I've been looking for one of you.:j

What's the best ETF for taking adavantage of increases in the oil price?

And, aren't there stockpiles of oil round the world which will depress the oil price still further before it spurts off into the stratosphere again?

Thanks

[Deleted User]

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