We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

What would you do with £1000?

nuno
nuno Posts: 112 Forumite
in Savings & investments
I have £1000 to do something with. I could put it in an ISA but i'm prepared to do something a little more risky with it in order to get a better return.

What is the best thing to do with it?
«1

Comments

  • Cleaver
    Cleaver Posts: 6,984 Forumite
    Combo Breaker First Anniversary
    nuno wrote: »
    I have £1000 to do something with. I could put it in an ISA but i'm prepared to do something a little more risky with it in order to get a better return.

    What is the best thing to do with it?

    This is a bit like asking, "what should I have for dinner tonight." And without knowing anything about you it's difficult to make a suggestion.

    Is this all the money you have?
    What's the money for?
    What's the timeframe?
    Are willing to lose it all?
    How old are you?
    How much do you earn?

    Etc. etc. etc.
  • jimjames
    jimjames Posts: 17,862 Forumite
    Name Dropper First Anniversary Photogenic 10 Posts
    Hot tip in the 2.15 at Ascot?
    Remember the saying: if it looks too good to be true it almost certainly is.
  • soulsaver
    soulsaver Posts: 6,178 Forumite
    First Anniversary First Post Name Dropper
    edited 10 January 2011 at 12:51PM
    Agree with the above comments, but 'blind' suggestion:

    Put it in a stocks & shares ISA - use discount broker like Hargreaves Lans to avoid up front fees.

    Middlish risk, reasonable prospect for growth: HSBC UK 250 or Standard Life UK Smaller Co's
    Top Easy Access acs Ranked by rate: Top of The Pots - **No Chat** — MoneySavingExpert Forum
  • soulsaver
    soulsaver Posts: 6,178 Forumite
    First Anniversary First Post Name Dropper
    PS avoid the 2:15 at Ascot - its a scam.
    Top Easy Access acs Ranked by rate: Top of The Pots - **No Chat** — MoneySavingExpert Forum
  • bigfreddiel
    bigfreddiel Posts: 4,263 Forumite
    nuno wrote: »
    I have £1000 to do something with. I could put it in an ISA but i'm prepared to do something a little more risky with it in order to get a better return.

    What is the best thing to do with it?
    1 open a s&s isa with iii
    2 buy £1000 worth of ETFS Coffee - up 12% in a month

    fj
  • Cautious_Investor_3
    Cautious_Investor_3 Posts: 579 Forumite
    bigfreddiel wrote: »
    2 buy £1000 worth of ETFS Coffee - up 12% in a month

    fj

    It's therefore bound to do the same again this month isn't it

    Seriously, can some people not improve the quality of their replies?
  • Dave101t
    Dave101t Posts: 4,157 Forumite
    id have the best overnighter of my life.
    Target Savings by end 2009: 20,000
    current savings: 20,500 (target hit yippee!)
    Debts: 8000 (student loan so doesnt count)

    new target savings by Feb 2010: 30,000
  • bigfreddiel
    bigfreddiel Posts: 4,263 Forumite
    edited 10 January 2011 at 11:35PM
    Cautious_Investor wrote: »
    It's therefore bound to do the same again this month isn't it

    Seriously, can some people not improve the quality of their replies?
    seriously can't some people not take replies too seriously?
    anyway hadn't you heard of the world coffee shortage?
    its all percolating nicely!
  • Cautious_Investor_3
    Cautious_Investor_3 Posts: 579 Forumite
    bigfreddiel wrote: »
    seriously can't some people not take replies too seriously?

    People make decision based on what they read on this board, how are they supposed to know you are joking or not?
  • IronWolf
    IronWolf Posts: 6,426 Forumite
    Combo Breaker First Post First Anniversary Name Dropper
    You can get a good quality hooker for that :D
    Faith, hope, charity, these three; but the greatest of these is charity.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

Categories

  • All Categories
  • 345.7K Banking & Borrowing
  • 251K Reduce Debt & Boost Income
  • 450.9K Spending & Discounts
  • 237.8K Work, Benefits & Business
  • 612.5K Mortgages, Homes & Bills
  • 174.3K Life & Family
  • 250.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture