How to invest £3,000 ?

Im 17 and going to uni next year. I made most of my money selling things mostly on eBay and frauds, but cant do this anymore.

Is there any suggestions on how to invest this sum? Perhaps i could sell screen protectors and cases at high volume low price etc on eBay? What can i do that can return about £1000/month profit? I know this seems alot but just wondering

So just want to invest a portion of my money

(edited 8 years ago)

Reply 1

Duncan2012

19

Original post by Rftra

Im 17 and going to uni next year. I made most of my money selling things mostly on eBay and frauds, but cant do this anymore.

Is there any suggestions on how to invest this sum? Perhaps i could sell screen protectors and cases at high volume low price etc on eBay? What can i do that can return about £1000/month profit? I know this seems alot but just wondering

Invest in a crash helmet and handgun and go rob banks. That's the only way you'll come close to getting a grand a month from £3k.

Reply 2

Rftra

OP

2

Original post by Duncan2012

Invest in a crash helmet and handgun and go rob banks. That's the only way you'll come close to getting a grand a month from £3k.

How much could i be making by selling small value item on eBay but at large volumes?

Reply 3

Duncan2012

19

Original post by Rftra

How much could i be making by selling small value item on eBay but at large volumes?

Why do you think you could make any money when you're competing against established businesses and Chinese imports?

Reply 4

username2298253

11

Business studies students be like

Reply 5

Alexion

17

Original post by Rftra

Im 17 and going to uni next year. I made most of my money selling things mostly on eBay and frauds, but cant do this anymore.

Is there any suggestions on how to invest this sum? Perhaps i could sell screen protectors and cases at high volume low price etc on eBay? What can i do that can return about £1000/month profit? I know this seems alot but just wondering

So just want to invest a portion of my money

Work 30h a week in a real job? That should do it. You can't invest £3000 and expect a third of that back every month :lol:

People'd be lucky to start earning that much off a £20000 investment in stock.

Reply 6

mangala

3

buy BiC pens made before 1979 (there's a way of sort of carbon-dating the ink the pen to get an accurate date) theyre a real collectors item

Reply 7

Jono0812

11

Original post by Rftra

How much could i be making by selling small value item on eBay but at large volumes?

Firstly ,manage expectations. If you want to earn that sort of money from such a little investment, it's going to be very high risk. (or everyone would be doing it. There's no real way to 'get rich quick', which I assume is your mindset, because once again, everyone would do it.)

If I was you, i'd put it into a stocks and shares ISA, where you can get a return of UP TO 10%. It's got a bit of risk, but a lot less than other potential options. That's obviously a very passive way, so the return would be less.

If you want to actively make the money yourself per se, you could say:
Start a small business. (Like you suggested, buying n selling ****. You need to find a niche for this, and people aren't going to spoonfeed it to you. If you get told 'a good idea', the chances are it has already been done.

Or if you're doing a monetary related course, such as economics or finance at Uni, i'd recommend day-trading. You can open an account with Plus500 for as little money as £100. Learn what to do. You could easily double your investment in one day. (Equally you can easily loose it. That's where risk management comes into play. Look it up if you're interested.)

But honestly, because you're essentially asking what to do, the chances are you're too emotionally attached to the money, and you're almost certainly going to loose it with higher risk strategies. Do something safe, and expect small returns. Compound the savings over the next 30 years, and you can retire a millionaire without doing anything special. Sounds great, right?

Reply 8

gwagon

18

If you'd asked this a few months ago, I'd have told you to short Chinese stocks...

Reply 9

mangala

3

you will never make 1k a month from a 3k investment unless you get really, really, really lucky and score with one investment

Reply 10

Rftra

OP

2

Original post by Duncan2012

Why do you think you could make any money when you're competing against established businesses and Chinese imports?

Original post by Alexion

Work 30h a week in a real job? That should do it. You can't invest £3000 and expect a third of that back every month :lol:

People'd be lucky to start earning that much off a £20000 investment in stock.

Original post by mangala

you will never make 1k a month from a 3k investment unless you get really, really, really lucky and score with one investment

What about car boot buying & selling ? I hear people making big money from it ?

Drugs

Original post by Rftra

What about car boot buying & selling ? I hear people making big money from it ?

sure, but you gotta know what you're dealing with. you need to have years of experience with whatever it is you're buying, so you know you can flip it for a profit.

+bear in mind the expenses of travelling to car boot sales

Reply 13

mangala

3

Original post by Prince_fancybum

Drugs

not actually a bad shout to be fair, plenty of market for weed at university. with the dark web, too, you can make pretty good margins if youre okay with the risks that come with it

Reply 14

Rftra

OP

2

Original post by mangala

not actually a bad shout to be fair, plenty of market for weed at university. with the dark web, too, you can make pretty good margins if youre okay with the risks that come with it

No

Reply 15

username1148663

21

Original post by Rftra

No

Well it's the only way you're going to get the return you want.

/thread

Posted from TSR Mobile

Reply 16

PinkAcid

10

to be honest don't even bother with ebay, your stock will have to come from china and will cost as much as customers are willing to buy it for so you'll be earning no profit on it (plus hundreds of other businesses will be undercutting you) then you've got ebay fees, paypal fees and shipping fees on top of that and youll have to budget for lost items in the post (trust me a lot of people claim they never get things, I used to sell a few unwanted things on the side and I ended up with around 5-10% missing items)

Reply 17

jamesthehustler

19

maybe if you move correctly then the scrap gold game has potential but you'd have to push and deal in 20t.oz in a month to hit that boundary so you would have to buy about 5 oz of 18ct scrap every week at £14/£15 a gram to buy and about £17 to sell