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what would be a good thing to invest in? as in small investment, not property or nothing
what kind of returns would i get?
and if i set up my own practise i'll give you a share deal.
but that doesnt sound too good a deal
or turkey farms
That's one of the many things Trading Places taught me.
are too much of a risky investment
if you're looking at up to £3000, a surefire win would be an ISA.
more than that...probably shares someplace...i don't know anything about them. or start your pension!
whats an ISA?
sort of. if you work full time you'll pay tax on the interest you get in your bank account - but if your money is in an ISA, for up to £3000 (per year) they won't charge you tax on that interest. so you can get interest rates of about 5% gross - if you put in £3000, you'll get £150 guaranteed interest in the year without the tax taken off.
All the money I have goes on rent, bills, food and drink. And occasionally music.
A mini cash ISA will give you just under 5% a year, tax free, and you can invest up to £3k a year in it.
Or were you looking for something more risky?
Give it to me. It will be invested in my potentially lucrative expensive-restaurant-attendance business.
Signs are good for explosive growth over the next few years in the buying-matthew-dinner sector.
if you're all rich when I wake up, I'm going to be mighty pissed off.
and buy three thousand scratchcards
Find a bizarre start-up that you think will do well, just chuck your money at it, and hope!
just go to a casino and stick it all on red.
and the Jupiter Emerging European Opportunities fund has made me 30% in 6 months, it is quite high risk but keeps going up and up. and should continue to do so as eastern europe continues to grow.
that's my tip.
investing in a fund like that?
can do it as isa or just as investment.
do it through fidelity funds network or barclays stockbrokers.
or, on the other hand, your favourite band.
would get you a part share in a racehorse, you can't get a much riskier inestment than that.
For £3,000 you could set yourself up on Betfair, offering odds to punters. That's what I'd do.
Though you should probably remember - you can put your boots in the over, but that don't make them biscuits...
go to http://www.hargreaveslansdown.co.uk and open a mini shares ISA and then read what they say and invest wisely.
You've got the safe shit you can put money in or you can go for the more volatile ones.
That said, you're advised to keep that money in there long term, like about 5 years.
The mini-cash ISA can be done at the same time (you can have up to £3k a year in the cash one and £4k a year in the shares one) so you get tax-free returns on all of them.
Ideally you should have:
Savings account with short term easily accessed cash (I use ING).
Mini Cash ISA for mid-term savings so you can grab it easily enough but you shouldn't be needing to as there's only so much you can put in a year (I use IF.com for that)
And finally your long term stuff in stocks and shares like the Maxi-ISA because you don't want to have to pull this cash out quickly in case the market is down and you lose loads, obviously.
The plan is something like that anyway.