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    If so, how do you go about it?
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    There was a guy who had just 1 paper clip. He sold it online and with the profit he got more paper clips and sold then for a profit till he had enough money

    BOM BOOM BOOM

    Next thing you know the guy was a millionaire. True story by the way.

    But realisitically a pound is just a pound, your best investment would be 2 packs of chewing gum and a can of pepsi.
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    (Original post by CoolStoryBroo)
    There was a guy who had just 1 paper clip. He sold it online and with the profit he got more paper clips and sold then for a profit till he had enough money

    BOM BOOM BOOM

    Next thing you know the guy was a millionaire. True story by the way.

    But realisitically a pound is just a pound, your best investment would be 2 packs of chewing gum and a can of pepsi.
    You'd be very lucky to get two packs of chewing gum and a can of Pepsi for a pound.
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    (Original post by CoolStoryBroo)
    There was a guy who had just 1 paper clip. He sold it online and with the profit he got more paper clips and sold then for a profit till he had enough money

    BOM BOOM BOOM

    Next thing you know the guy was a millionaire. True story by the way.

    But realisitically a pound is just a pound, your best investment would be 2 packs of chewing gum and a can of pepsi.
    Reminds me of the 'one red paperclip' story

    http://en.wikipedia.org/wiki/One_red_paperclip
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    A lot of savings accounts I've seen have a minimum £1 investment.
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    (Original post by RealRecReal)
    If so, how do you go about it?
    It won't invest into anything worthwhile over the period of your lifetime. A realistic minimum amount to invest would be say £1000.

    You could invest that in:

    1) Shares
    2) Bonds (Government or Company)
    3) Precious metals ( Gold, Silver, Platinum)
    4) Currency (could exchange in for US Dollars and wait for the rate of the Dollar to the Pound to go down)
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    (Original post by SpiggyTopes)
    A lot of savings accounts I've seen have a minimum £1 investment.
    That's usually just to keep the account open.
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    There have been quite a few examples of people buying companies for £1. Pretty sure Chelsea football club were bought for £1 as where MFI. Tends to be companies with huge debt on the verge of going under and the money is just a way of transferring ownership.
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    (Original post by doggyfizzel)
    There have been quite a few examples of people buying companies for £1. Pretty sure Chelsea football club were bought for £1 as where MFI. Tends to be companies with huge debt on the verge of going under and the money is just a way of transferring ownership.
    The problem with that is that they have to assume the debts and obligations aswell such as when Barrings went for a pound to ING and what not, probably not a good idea for the op :P
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    Penny stocks. Check Yahoo Finance.
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    (Original post by cl_steele)
    ...probably not a good idea for the op :P
    Don't think he said it was ;P
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    (Original post by doggyfizzel)
    There have been quite a few examples of people buying companies for £1. Pretty sure Chelsea football club were bought for £1 as where MFI. Tends to be companies with huge debt on the verge of going under and the money is just a way of transferring ownership.
    Would they sell it to a normal person like me? Because thinking about it it's not a big loss, the worst that could happen is that you delcare yourself bankrupt right? Then just don't use banks anymore and use cash instead
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    Mary Poppins taught me that even tuppence can be invested.
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    (Original post by cl_steele)
    The problem with that is that they have to assume the debts and obligations aswell such as when Barrings went for a pound to ING and what not, probably not a good idea for the op :P
    Well yeah, but its still a form of investment. It was more just a random point than an actually viable suggestion.

    (Original post by CoolStoryBroo)
    Would they sell it to a normal person like me? Because thinking about it it's not a big loss, the worst that could happen is that you delcare yourself bankrupt right? Then just don't use banks anymore and use cash instead
    There are some consequences to declaring yourself bankrupt, like when you want to get finance either plastic, car, home, personal or business loan, even things like taking out a phone contract or getting an overdraft. It not something to be taken lightly. They probably wouldn't sell to a person, usually they sell to another company or investment group who will either take the company and merge with a rival in doing so gaining desirable aspects like assets, locations, brand or client base. Or they will sell off assets and leave the barebones profitable sectors and look to sell those on in the future.
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    i would say put it on a undervalued accumulator
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    make a savings account in the bank and put a pound in there, after 20 years you will have 2 pounds!
 
 
 
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