Best way to invest £4000 for 3 years?

Index funds

Can you explain why? Sorry I'm asking so many questions!

I can't think of anything more boring than leaving £4k in a bank account to accrue interest.

Maybe we are a different personality type, however when I amassed £2k I started my own business and a few years later, I have a working cash flow twelve times that and two employees.

A life spent minimising risk is dull in the extreme.

It's perhaps a slightly distorted view you project here, common with most success stories:

People tend to only really shout about their success. For instance if you've done well from starting a business, there might be 5, 10, 100 other people whos business has failed and they lost all their money.

Perhaps I am boring, but I'd rather live without the stress/risk that business ownership inevitably brings.

That's fair. My first two businesses failed, if that helps disprove your theory?

However, my failures have always been infinitely more important than my successes, they showed me where I went wrong. I guess it depends on what you want.

I'm looking to invest £4000 for 3-4 years. Currently, it's in a TSB current account earning 5% interest. The account is capped to £4000 so I can't get interest on the interest. I'm planning on emptying this account so I can put my student loans in there and get interest on them.

I have some money invested in the stock market making good returns, but that's more of a long term thing. With short term investing I guess I'd have to go in a completely different direction.

I don't mind a bit of risk. In the event of an economic crash, I don't need to withdraw the money after 3/4 years. I can wait it out.

Can anyone who's a bit more clued up on investing offer any advice?

Thanks

Kind of proves my theory actually as you hadn't mentioned your original 2 failures until challenged.

Its great that you learnt from them and ultimately achieved success. Alot of people however would be unable to sustain even a single failure. You do these people a disservice by implying they are boring for choosing a safer saving option.

I didn't imply they were boring, nor did I say they were boring, I said it was boring. Nor do I conceal my failures; I surely can't be expected to caveat any mention of self-employment with 'this opportunity burdens and inherent risk of failure', or 'I failed in the past, too'?

As free-thinking adults I would grant people enough intelligence to be able to determine that self-employment in any industry = risk.

Can you explain why? And which index? Sorry I'm asking so many questions!

There are many trust worth companies to do it with though such as Berry Bros and Rudd. Fine and Rare.

The simple fact is all you do is buy the wine. Keep it in bond. Keeping your gains tax free. Keep an eye on how much it's worth and prey it goes up. Assuming you have a trust worthy source to buy the wines from, in terms of risk it's no different than stocks.

I used to work in TSB and if they haven't changed the rules I'm pretty sure you can have up to 3 accounts with the 5% you just have to bounce the minimum amount you have to put in the accounts around. So set up a SO to move x amount from one of the accounts into another then another then leave it where you need it.

Actually your allowed 2 accounts in your name. 1 sole & 1 joint.

How much are the kinds of wines you go for?

Ah they must have changed it, back when it was called "vantage" your could have 3.

They got rid of Vantage and replaced it with their Classic Plus account. 5% on first £2000. Initially you could have two sole accounts.

Bank of Scotland still offer Vantage and you can have three of them.

I have 2 Classic Plus accounts Have they stopped allowing people to open 2 now?

I think I’m late to this conversation but can anyone advise me on good investment opportunities I can make. I have 4000 pounds.

I think I’m late to this conversation