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Need A Little Advice
dithedancer
Posts: 225 Forumite
i need a little advice. a relative is loaning me £1000 to invest for 12 month to see how much i can make in interest. he hasnt got much confidence in me making much and said that i can keep what i make, so what do you guys think would be the best return.:j
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Comments
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Is he prepared to cover any losses -just in case you made a poor decision as (you say)he hasnt got much confidence in you. If the cocky little fella agrees to this go to the nearest casino and stick it all on red 50/50 chance with a 100% outcome you either win or you have lost nothing . Good luck:cool: hard as nails on the internet . wimp in the real world :cool:0
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£64 if you stick it in a cash ISA at the best rate. Tax free too.0
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This is a very interesting situation if he'll cover the losses... It changes the dynamics of what makes a good investment over the short term of the deal.I am a Chartered Financial Planner
Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.0 -
Hmm, I think I'd put half in a fund with potentially high growth (Asia, etc.) and half in a popular, generally well performing fund like Invesco Perpetual High Income (if I remember right) in a S&S ISA to limit Tax paid.
Sounds like a gamble, and there are so many way this could be done I'm sure we'd all choose something different.0
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