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

mr_fishbulb

thrupence wrote: »

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

HAve you read this from the fool site? http://www.fool.co.uk/news/investing/investing-strategy/2009/02/17/buying-oil-read-the-label.aspx

paulw19

lol kittie thats hilarious... an 'experienced crude oil trader' dabbling in investments with his benefits! thats just brightened my day a little!

wombat42_2

thrupence wrote: »

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

There is a big stockpile of oil right now but inspite of this, oil prices are stilll creeping up. The stockpile should be gone in about 6 months and then oil prices may start rocketing.

thrupence

mr_fishbulb wrote: »

HAve you read this from the fool site? http://www.fool.co.uk/news/investing/investing-strategy/2009/02/17/buying-oil-read-the-label.aspx

Yeah, but it doesn't say what the best is. That's why I wanted some feedback from the experienced oil trader.

thrupence

kittie wrote: »

http://uk.ishares.com/tools/search_results.do?submitAction=&columnAction=SEARCH&searchType=&tickers=&securities=#

I just get the front page.

What does it say inside?

Yuzo

hey daz, congrats on saving such a nice amount.

i am 22 living with parents aswell,.. which really helps with saving, as i can save about 90% of my weekly wage... will have saved around half of your savings in about 4 months...

mike22

Beta89 wrote: »

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.

ETFS Crude Oil does not reflect the Oil price you mentioned.

See:

http://www.iii.co.uk/investment/detail?code=cotn:CRUD.L&it=le

barny_100

kittie wrote: »

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

:rotfl::rotfl::rotfl:

PMSL

terryw

Barny, you are being unfair. With futures trading you cab start with an overdraft and make the big time in a few weeks.;)

terryw

dazcouz

Yuzo wrote: »

hey daz, congrats on saving such a nice amount.

i am 22 living with parents aswell,.. which really helps with saving, as i can save about 90% of my weekly wage... will have saved around half of your savings in about 4 months...

Good luck. Let me know how you get on as we are in the same boat. How much are you currently able to save a month. For me it is around £800 ish. Oil investment looks good but I still want to make sure before I take the plunge:j