£1000

davep12345

All,

I have just received a gift of £1000.

I want to save/invest it for maximum growth with minimum risk.

What would you recommend please.

cloud_dog

davep12345 wrote: »

I want to save/invest it for maximum growth with minimum risk.

Don't we all

What might you want to use it for?
How old are you?
What is your attitude to risk (investments)?

[Deleted User]

And another important question: What is your timeframe for this investment. Without knowing this it will be really hard to recommend suitable solution

soulsaver

You've been on here 3 years... I'd recommend you do some research.

veryintrigued

I'd recommend you change the title to be a little more descriptive such that it attracts forumites who'll be interested in replying

Alexland

veryintrigued wrote: »

If recommend you change the title to be a little more descriptive such that it attracts forumites who'll be interested in replying

£1000 is enough to get my attention :-)

JohnRo

davep12345 wrote: »

I want to save/invest it for maximum growth with minimum risk.

You are seeking the investment holy grail, do let everyone know when you've found it.

All that's required is a fully functioning crystal ball and you're all set.

davep12345

OK OK

I am 47 years young
I have varied attitudes to risk depending on what I am risking.
But for this £1000 low/no risk.
There is no goal or set amount I want to achieve from this £1000, just progressive growth.
also no time frame really, as the money is a gift, I have nothing to specifically need to purchase with it.
Savings for a rainy day I guess.
Sorry if that's a bit vague.

Alexland

If this is rainy day money you are probably best sticking to cash products such as 5% for the first year on a Nationwide FlexDirect current account provided you meet their criteria.

LeafGreen

Nationwide FlexDirect - 5% fixed for the first year on up to £2500 (review again in a year)
There is a £1000/month deposit requirement but that can go in and out on the same day.