Where oh Where to invest?

big_roy_brunel

Im really hoping someone can give me a little bit of advise.

I currently have about £1000 I want to invest, and would aim to add to this about £500 a month. With the goal of taking myself on a once in a life time style holiday in about 9-10months time. So basically im not expecting to double my money or anything crazy like that but just to make a few hundred pounds extra maybe to pay for my flight or whatever.

Further investing in my share portfollio didn't seem like a great idea, once buying and selling fees are removed, my chances of make much are slim.

I thought about investing in an ISA, but I understand there are fees attached to that too.

So really I need a few ideas.

Thanks

LOST

too short a time to invest the money as such....


high interest savings account or premium bonds if you fancy your chances of winning a monthly prize?

Chrismaths

You seem willing to take quite a bit of risk to achieve some extra return.

To make (say) and extra £500 over a 9 months, you need to produce the equivalent of about 20% pa. You are right to say that dealing costs would eat up any returns with shares, so you might want to consider a unit trust, which don't have dealing fees (if you go through a discount broker, like hargreaves lansdown).

I'm not going to tell you where to invest because:

a) that's a regulated activity, which I charge for; and
b) Over 9 months, your guess is (nearly) as good as mine!

If you want to take the risk with the capital (that might also go down) that's up to you to decide if the potential returns are worth it.

Dave_P161

If you fancy an alternative way of generating some extra cash you could use around £500 of your inital capital as the starting pot for matched betting.
Check out the Gambling Introductory Loopholes forum for full details and advice on how you can return £500+ per month from taking the bookies free cash. Don't let the name put you off, if done correctly it is designed to be risk free. It does take some effort to learn how it works (read the stickies over and over until it sinks in) and time to find the appropriate bets but the rewards are much greater than most investments - especially in the short term.
As I say, this is a different approach and you may consider it too risky (it isn't) but you may be surprised by how much money people are making using this method. Check it out.

I personally have made about £1000 in two months - if you include quidco cashback - with a starting pot of around £450. Others have made much more in the same timescale.

HTH
Dave

dancingfairy

Have you used up your mini-cash ISA allowance? You shouldn't be charged to use this and provided you have not already invested in a Maxi Isa or another mini cash Isa this year you should be able to put up to £3000 in there. I apologise if you have already done this and appreciate the difference between saving and investing but not everyone does.

Market_Oracle

big_roy_brunel wrote:

Im really hoping someone can give me a little bit of advise.

I currently have about £1000 I want to invest, and would aim to add to this about £500 a month. With the goal of taking myself on a once in a life time style holiday in about 9-10months time. So basically im not expecting to double my money or anything crazy like that but just to make a few hundred pounds extra maybe to pay for my flight or whatever.

Further investing in my share portfollio didn't seem like a great idea, once buying and selling fees are removed, my chances of make much are slim.

I thought about investing in an ISA, but I understand there are fees attached to that too.

So really I need a few ideas.

Thanks

Where the stock market is concerned, the shorter the term the greater the risk.

Still if you want safeish. high divs and maybe some capital gain, then theres UU. exdiv for about 50p in Dec. (7%)