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.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Where to invest £131.20

I am in possession of £131.20.

Where is the best place to put it? I'm willing to put somewhere high risk, and maybe release it in 5 years time.

Thanks.
Student loan: Cleared.
«134

Comments

  • bowlhead99
    bowlhead99 Posts: 12,293 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Post of the Month
    Where is the best place to put it?
    Stick it up your bum.

    You'll be sh1tting cash in no time.
  • I am in possession of £131.20.

    Where is the best place to put it? I'm willing to put somewhere high risk, and maybe release it in 5 years time.

    Thanks.

    What do you seriously believe will happen with a nominal amount like this ?

    £131.20 invested in a high risk venture, Well it wont buy you stocks or shares, Property, drugs, guns or allow you to open a brothel so there really is only one hope for a high risk punt here and that is to go and gamble it either at the bookies or on scratch cards.
  • Is OP having a giggle? They've been here 4 years so should know that £100 isn't an appreciable investment. It's a start - £100 a month, now we're talking - but from anything short of outright gambling the interest payments will be pennies.

    Go to a casino, put it all on red. Or buy 131 scratchcards (do they still cost a pound each? I'm out of touch). The best P2P rates I've found are around 20%, at that risk you're almost expecting a default though.

    Unless of course it was a typo and OP meant £131.2k.
    : )
  • redux
    redux Posts: 23,051 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 20 September 2016 at 9:00AM
    Invent time travel, go back and bet on Wimbledon to win the FA Cup within the next 10 years

    Then invest those winnings in Apple shares a few years ago.

    That should take you past your first billion.

    Unfortunately that won't cover your development costs.
  • EdGasket
    EdGasket Posts: 3,503 Forumite
    I am in possession of £131.20.

    Where is the best place to put it? I'm willing to put somewhere high risk,

    Try a brothel.
  • SailorSam
    SailorSam Posts: 22,754 Forumite
    10,000 Posts Combo Breaker
    If you're willing to tie it up for 5yrs, give it to me.
    I'll return it in five years time and guarantee a minimum of 25% per year return............. Less administration fees of course, of £100 pa.
    Liverpool is one of the wonders of Britain,
    What it may grow to in time, I know not what.

    Daniel Defoe: 1725.
  • jimjames
    jimjames Posts: 19,319 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    bowlhead99 wrote: »
    Stick it up your bum.

    You'll be sh1tting cash in no time.
    The OP wanted to wait 5 years, I think they might have serious problems if it was still there 5 years from now!
    Remember the saying: if it looks too good to be true it almost certainly is.
  • If that really is all you have and not just a typo, your options are very limited, other than the obvious fixed term savings which have low interest rates. Wellesley mini bond over 5 years will, possibly, earn you circa £35 less tax over that time but you have no protection. You could be frivolous and spend the £31.20 and buy £100 of premium bonds and pray for a win. Or add £18.80 to your holding and buy £150 worth and pray for a win.
  • paulsad
    paulsad Posts: 1,315 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Did you miss some zeros off per chance?
  • Buy 131 health lottery tickets
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.8K Banking & Borrowing
  • 254.5K Reduce Debt & Boost Income
  • 455.6K Spending & Discounts
  • 247.7K Work, Benefits & Business
  • 604.6K Mortgages, Homes & Bills
  • 178.6K Life & Family
  • 262.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only 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.