£60,000 to invest

Asheron

angussavory wrote: »

Hi, I have £60,000 to invest and am willing to try "high risk" investments for good return (but not something idiotic like forex). Any ideas?
Thanks.

Silver is a great investment right
Now.

mike88

£60,000 to invest

So you want high risk investments for a "good return". Have you considered that high risk can equate to heavy loss? Unless you are a gambler you should only invest in high risk shares if you can afford to lose money. And in the unlikey event your high risk strategy comes off you may well find that some of your profit is swallowed up in CGT. Investing in my view is a marathon not a sprint. I've found this out to my cost recalling that one of my investments in the late 90's lost 98% of its value in a couple of months.

One problem faced by novice investors is that while their high risk investments are doing well they tend to hang on to them never realising their profit. The natural thing to do is sell when losses are incurred. Given that high risk investments tend to be volatile buying and selling decisions are difficult to judge

If you want a sensible strategy stick to a basket of FTSE shares or Unit Trusts and Investment Trusts sprinkled possibly with some Emerging Market Funds and even Bonds. Use you ISA allowance. But your actual strategy should be determined by your age, investment horizons and what you actually want to do with your money when you want to spend it.



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RenovationMan

mike88 wrote: »

One problem faced by novice investors is that while their high risk investments are doing well they tend to hang on to them never realising their profit. The natural thing to do is sell when losses are incurred. Given that high risk investments tend to be volatile buying and selling decisions are difficult to judge

I've said as much to many Silver and Gold investors on MSE. Their 'profits' do not exist until they actually sell their metals.

neilsedaka

Xcite Energy - ticker XEL. Do your own research and you will be pleasantly surprised. Be quick though because the next two weeks are likely to be exciting (pun intended).

googler

neilsedaka wrote: »

Excite Energy - ticker XEL. Do your own research and you will be pleasantly surprised. Be quick though because the next two weeks are likely to be exciting (pun intended).

How would you suggest the OP 'does his own research' when he seems to have little idea about the stock market at the moment........?

and what's going to happen in the next two weeks that makes XEL a sure-fire pick?

neilsedaka

Xcite Energy Ltd

googler wrote: »

How would you suggest the OP 'does his own research' when he seems to have little idea about the stock market at the moment........?

Visit the Xcite website and read *everything* on there, followed by the London South East XEL bulletin board taking special note of posts by 2BYRON, followed by the iii XEL bulletin board taking notice of posts by Hub.

http://www.xcite-energy.com
http://www.lse.co.uk/ShareChat.asp?ShareTicker=XEL&share=xcite_energy
http://www.iii.co.uk/investment/detail?display=discussion&code=cotn:XEL.L&it=le

and what's going to happen in the next two weeks that makes XEL a sure-fire pick?

The all-important flow test is expected to commence tomorrow which is said to have a very high COS - Chance Of Success.

XEL shares can be purchased within an ISA which means that all of the proceeds are free of income tax and capital gains tax. To trade I use X-O.co.uk where trades are a flat rate of £5.95 each.