£1000 to Invest

shaz77_2

Hi,

This question has probably been done to death but what is your advice? Looking something long term and with the possibility to add to the £1000 subject to my personal circumstances.

Thanks.

dunstonh

If limiting yourself to mainstream investments, you have a starting point of about 30,000 options. However, you havent given any information that could filter it down any more than that. Give us more detail.

cattie

I'd have thought £1k too small a sum to even think of calling an investment, surely it's more savings you are thinking of?

shaz77_2

Yes I'm wondering if there is any point in doing anything with £1k?

It's just money that I have sitting in a current account doing nothing and I'd be happier if it was doing something - anything. I don't need the money as a backup or anything like that.

xylophone

Look at the TSB Classic Plus account? https://forums.moneysavingexpert.com/discussion/4919532

jimjames

cattie wrote: »

I'd have thought £1k too small a sum to even think of calling an investment, surely it's more savings you are thinking of?

Not really true. The op hasn't given enough info to know. This might be on top of an existing emergency savings fund.

£1000 certainly isn't too small to get started.

eskbanker

Forgive the nosiness but in this thread last week you said you were being left with a potential £1000 shortfall in your house-buying budget: https://forums.moneysavingexpert.com/discussion/4959806

Buying a house is often a time of extra unplanned expenditure anyway so I'd humbly suggest that having a readily accessible float won't be a bad thing in the near future!

shaz77_2

eskbanker wrote: »

Forgive the nosiness but in this thread last week you said you were being left with a potential £1000 shortfall in your house-buying budget: https://forums.moneysavingexpert.com/discussion/4959806

Buying a house is often a time of extra unplanned expenditure anyway so I'd humbly suggest that having a readily accessible float won't be a bad thing in the near future!

This is money that I have tied up long term separate from the house purchase that I want kept that way.

atush

If you have debt, dont invest pay it off

If you don't have an emergency cash fund, don't invest. Save the 1K

If you dont' have a pension and do have an emergency fund, invest in a pension.

If you have no debt, an emergency fund, a pension you have paid enough into (or is final salary) then invest your 1K in a S&S isa.