simplythejest
|
A cash ISA, but check around, there are plenty of financial websites where you can find out the different interest rates etc. Not all banks or financial institutions offering cash ISAs are the same.
One good website for information is iii.co.uk
which may also educate you about stocks and shares (if you so desire), but maybe now, is not a good time to get involved in stocks and shares UNLESS you want to choose a major company and hold the shares for many years.
Some of the following answers have a great risk attached - ie. shares in various companies. Also if you go for Premium Bonds you have the risk of making nothing ie. you are gambling with any prospective interest.
It basically boils down to how long you wish to invest for, maybe paying it off a mortgage (if you have one) will give the best return.
Always remember though - the higher the potential return, the higher the risk! |
|
franceshousden
|
If I had a spare £1000 I'd go for maximum profit (higher risk shares).
If it was my only £1000 I'd go for minimum risk (high street bank account). |
|
drbob2k7
|
a Premium bond is a NO RISK investment... you buy bonds for as little as £100 and you have the chance to win money (it can be as much as millions!) but should you want/need your money you can claim it back and get 100% of your investment back !
take a look for more info:
http://www.nsandi.com/index.jsp |
|
Steve B
 |
You need to get some sort of financial education ...
.. essentially there is a direct trade off between RISK and REWARD (i.e. profit). ..
.. all you can hope to achieve is a 'balance' between the two, all the way from zero RISK == zero REWARD (put in Bank Account) to Maximum RISK = Maximum REWARD (buy National Lottery Tickets ..) |
|
Franco
|
If you only have £1000, you better buy a premium bond for the hope of something big and save the rest in a cash ISA (6% tax free) for a rainy day.
When you have enough to keep you for 3 -6 months out of work and enough to put down for a house deposit, you can then think of unit trusts and the stock market. It is a long road and it needs sensible planning. |
|
Joseph P
 |
For minimum risk look towards Bonds for long term investments, CD's for mid length investments or high yield savings accounts for short term investment.
For maximum return do your research and find a good stock such as TBSI or DRYS. A mutual fund offers low risk, at moderate returns.
Two good mutual funds are : Fidelity Growth and income FGRIX and Fidelity Fifty FFTYX |
|
john02
|
If you are thinking of investing the money then a cash ISA is a good savings account and they are tax free, you can also take the money out at any time. Most banks and building societies offer them, also available for National Savings, but shop around for the best interest rate. You are only allowed to open one ISA account per year but can save upto £3000 in it. |
|
garstard
 |
For maximum POTENTIAL profit it has to be premium bonds, as you could get up to £1m. No guarantee of winning but no risk at all to your capital. |
|
Cheryl J
 |
I would stick it into a high interest account or into one of those premuim bond savings as you know that they will make money and can win you more in the draws.
They are long term investments but i would prefer that than fritter it away when it may get wasted and no return comes back from it. |
|
jasonsegon
 |
That is a good question and you should be able to get a nice return from that and build on it. With a little research you will not go wrong in putting that into the stock market. You will always come out on top with a little research. Small cap stocks are perfect for doubling and tripling your money, i have been using http://goldenbullpicks.com check them out,you will be impressed! |
|
Default
|
One might consider purchasing shares in a gold mining company such as AURC (Aurus Corp.) There has been a run on AURC stock which is causing the price per share to increase. |
|
The Badger!
|
high street accounts are rubbish and premium bonds guarantee no win and dont accumulate interest! but theres no risk!
stocks and shares are risky unless you bought tesco or another really low risk stock.. and collect the dividend + the capital gain if any
Mini cash ISA's can pay upto 8% anually and are low risk
But i think goverment bonds or GILTS would be best, they pay a coupon untill they reach maturity and carry a low degree of risk. As have you ever heard of a goverment going bust, i think not!!
But sadly risk is always in relation to return AIM stocks show high yeilds of return over 2-5 years but sometimes they stay neutral or plummet!!
good luck |
|
wonderingstar
|
premium bonds or an isa, |
|
dizzeebitch
|
buy a really cheap car and a navigation system..pretend your a minicab driver and take ppl places... |
|
Sunset
|
high class hooker? |
|
Miss Rai
|
I'd buy 1000 lottery tickets |
|
| |
|
Homepage 
Financial
Forum 
Investing 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
