[dominicjohnson]

Don't put it in the bank. Cash ISA max 3%, inflation 5% you lose 2% a year. Invest in something that appreciates above inflation.

[Phil90974]

Invest it wisely so that a year later I'd be a millionaire. That's what my good friend Del Boy would say.

[. . .]

Burn it.

[Like_A_G6]

Don't stick it in an ISA. If you have no plan to use it, it may be more beneficial to stick it in a fixed term savings account. They do produce higher returns, but by a little. Nevertheless, both give a return under rate of inflation.

Alternatively, wait a little bit until stocks crash and then invest. Most stocks are likely to go up especially HTC, who have had their share prices nose dive due to apple managing to get a court to stop selling the devices. This decision will most likely be overturned and then their stocks will go back up.

[faber niger]

Buy Euros.

(Original post by Like_A_G6)
Don't stick it in an ISA. If you have no plan to use it, it may be more beneficial to stick it in a fixed term savings account. They do produce higher returns, but by a little. Nevertheless, both give a return under rate of inflation.

Unless it's a stocks & shares ISA, in which case the returns may be higher (or lower).

[UCLEmily]

(Original post by Like_A_G6)
Don't stick it in an ISA. If you have no plan to use it, it may be more beneficial to stick it in a fixed term savings account. They do produce higher returns, but by a little. Nevertheless, both give a return under rate of inflation.

Except that they are taxable, so that in the long run, assuming you keep building the savings account, the interest you make will eventually get taxed.

[kaneboy]

(Original post by Skarm)
Why on earth would you invest in gold and just watch all the associated costs eat away your investment.
OP just put it in an ISA with the best interest rate you can find, £1000 isn't enough to do any serious work for you on the stock market or in bonds. Might as well keep it tax free and earing as much interest as it can get.

To summarise:

-Not enough money to work for you on the stock market, or for it to be worth all the trading costs involved
-Keeping it in a normal bank account will have it eaten into by inflation.
-Gold is a poor choice unless you are buying a lot of it and have a lot of money to offset the associated costs.

Best thing to do is sling it in an Individual Savings Account (ISA) with the highest interest rate you can find, and start saving even more money until you get to a better sum you can work with.

IMHO, it's quite clear that the gold price will crash fairly soon. Better to wait until it's dropped, before investing in it.

[sarahthegemini]

I'd save atleast £600 then spend the rest tbh.

[Aspiringlawstudent]

Not a whole lot, to be honest. Get a nice jacket and pair of trousers. Maybe enough left over for a pocket square.

[levantine]

Id spend around £200 on a new bicycle. the I would save rest

[grinder]

(Original post by kaddiescandy)
So basically I managed to save up £1400 and dont know what to do with it. At the moment its pretty useless! I want to do something that will make it grow! :P (with least effort on my behalf! )

Any suggestions?

What would you do with the money?

easy. get some expensive booze, some cigars, some coke + a few hookers and you're money will be put to good use.

[Id and Ego seek]

Spend it on a sick house part with friends!

loljk

Spend a majority of it on Zoloft.

[grinder]

is zoloft expensive here in the uk? boy, its damn cheap.

[Sheep]

i got £1000 bursary

bought a new pc

[grinder]

(Original post by Sheep)
i got £1000 bursary

bought a new pc

i got 200.000 in the bank. bought a new car.

[function]

You need to put the money into a spread betting account and leverage it like 30%. Then make a few well educated bets on margin. If you do it right then you could make at least a couple hundred a week.
If you are not sure however you might as well buy an ounce of some fine herb and the whole planet earth box set and chill at home for a week.

[Rakas21]

(Original post by kaddiescandy)
So basically I managed to save up £1400 and dont know what to do with it. At the moment its pretty useless! I want to do something that will make it grow! :P (with least effort on my behalf! )

Any suggestions?

What would you do with the money?

Have you considered corporate bonds (buying the debt of UK companies), you can make some good money provided the company does not fail and pick your timeframe.

http://stockcube.investorschronicle....BPBonds&sort=7

[grinder]

(Original post by function)
You need to put the money into a spread betting account and leverage it like 30%. Then make a few well educated bets on margin. If you do it right then you could make at least a couple hundred a week.
If you are not sure however you might as well buy an ounce of some fine herb and the whole planet earth box set and chill at home for a week.

lol, 90% of traders loose, but please - with your record - go to any prop firm in london.-you will make millions. haha

[function]

(Original post by grinder)
lol, 90% of traders loose, but please - with your record - go to any prop firm in london.-you will make millions. haha

What record? I do not even trade... I have friends that do however.

[KeepHoldingOn]

buy piano books and this cool music thing called spotify. I'm obsessed ...