what is the best way of investing to make money

missjones12

I have worked for many years on minimum wage and not been able to save, however the past year I have worked in seasonal work which includes free accommodation and food so I have savings, Currently the majority is in a fixed bond which finishes in November, I now have further savings from the winter season to add to the amount,
I am going to university in September, and I will have a student loan/grant, I will also work to pay for petrol, food and going out - I'm a 'mature' student so won't be getting drunk every night, :beer:
after the 2 year foundation degree I intend to continue to travel as a sports therapist where I can earn up to 600 euro a week at a ski resort, I do wish to travel as well as save as much as possible.

I want to invest money for when I do buy a house to settle down,
but what would be the best idea to increase savings before I do this in about 5 years, I have looked at holiday lodges to rent out, however I would need to employ a cleaner between clients, and pay fees for an agent, also many require a lump sum to the holiday owners after the lease has finished, although property would be an advantage I would need a mortgage to do this.
Any ideas on what to do for the best?
Thanks all x

atush

It depends on the term of the savings if under 5 years you need to look at saving in cash. If the horizon is longer, you can look to investments.

6 months spending saved in easy access cash (isas if you live in the UK) and then look at S&S Isas or investment trust plans.

One of the best ways to be sucessful is to not fall into debt (ie having a cash cushion) and therefore never having to sell investsments at a time you may not choose to. and to invest monthly, as saving monthly takes the risk out of investing a lump sum at an inopportune time- called Pound Cost Averaging.

Also reading up on investing thru books and internet sites.