£15,000 in savings - How to utilise it?

I don't think I've ever seen binary trading associated with 'low risk'

Care to show us a screenshot of your trade history? Feel free to edit out account specifics of course.

This is an example taken from my position history:

Position made of AAPL:

17.03.2015
Execution price: 126.38
Bought: 1000

19.03.2015
Execution price: 128.13
Sold: 1000

Result (GBP): £1,188.44

Well now this looks bas on me, but not right now. There are some technical issues with IQOption, they've told me that it'll be resolved in around an hour so I'm locked out of my account until then (an issue with phone verification but it's not letting me in). But give me an hour or two and I'll be happy to post a screenshot.

Hey guys,

Apologies - I'm sure this type of post is written almost weekly, just thought I'd explain my situation and see what opportunities are available.

I'm currently on a placement year at IBM, I'll be starting my final year in September. Over the years I've been able to accumulate around £15k in savings and I'm really unsure what to do with it. I hate knowing it's just sitting in my bank as opposed to earning some interest/profit.

I'm fairly business-minded, always thinking of ways to invest, profit etc etc. I gave Ebay/Facebook/Craigslist arbitrage a go but didn't find it sustainable - Yeah, I made a bit of money... but it wasn't worth the hours I spent searching through websites.

I've had a few ideas to create a blog/website and profit via affiliate links, Clickbank etc however I don't have the time to create content at the moment, so that's kinda out of the window.

I have some in an ISA currently. I don't want to add the rest into an ISA purely because I like having "financial security", if anything goes wrong I want to have some money available, so ISA's are out of the window.

Any proven methods guys? - I'd love to toy with shares but I'm not too clued up. I've also heard that £15k isn't going to make much money, so it comes down to whether the risk is worth the reward! (if any)

I'm sure I'll get a few people say "parents money" so I'll state now that I've earned this all through jobs. I've been working since I was 16.

Thanks guys, I look forward to hearing your thoughts.

Connor

You traded $126,360 worth of stock in a single purchase?

Woah where did that figure come from?

Woah where did that figure come from?

TSR is not the place to ask for financial advice

A professional stock trader would know that they shouldnt give stock tips without a full disclosure.

I buy stock.. does that make me a stock trader?

Check out Moneysavingexpert's guide to current account savings: http://www.moneysavingexpert.com/banking/compare-best-bank-accounts

What it boils down to is that you can split your money between a few current accounts and get good interest. You can have:

£2k in TSB at 5%
£5k in Lloyds at 4%
£5k in Bank of Scotland at 3%
£3k in Tesco Bank at 3%

This way your £15k makes you about £540 a year (before tax), with no risk as they're all current accounts and covered by FSCS guarantee.

They all have minimum pay in amounts each month, but there's nothing to stop the same lump of cash doing a round trip A -> B -> C -> D -> A, they all get their deposits, money ends up back where it started. Just set up standing orders a couple of days apart each and it'll take care of itself.

1000 at 126.38

Hey guys,

Apologies - I'm sure this type of post is written almost weekly, just thought I'd explain my situation and see what opportunities are available.

I'm currently on a placement year at IBM, I'll be starting my final year in September. Over the years I've been able to accumulate around £15k in savings and I'm really unsure what to do with it. I hate knowing it's just sitting in my bank as opposed to earning some interest/profit.

I'm fairly business-minded, always thinking of ways to invest, profit etc etc. I gave Ebay/Facebook/Craigslist arbitrage a go but didn't find it sustainable - Yeah, I made a bit of money... but it wasn't worth the hours I spent searching through websites.

I've had a few ideas to create a blog/website and profit via affiliate links, Clickbank etc however I don't have the time to create content at the moment, so that's kinda out of the window.

I have some in an ISA currently. I don't want to add the rest into an ISA purely because I like having "financial security", if anything goes wrong I want to have some money available, so ISA's are out of the window.

Any proven methods guys? - I'd love to toy with shares but I'm not too clued up. I've also heard that £15k isn't going to make much money, so it comes down to whether the risk is worth the reward! (if any)

I'm sure I'll get a few people say "parents money" so I'll state now that I've earned this all through jobs. I've been working since I was 16.

Thanks guys, I look forward to hearing your thoughts.

Connor

That's the share price i think given his bottom figure. He bought £1000 worth at that share price and then sold it at the other share price making £100+. (i think).

Now I trade short-term binary options, from 60 seconds to 30 minutes. It's much more profitable.

Binary trades are something everyone can do and its easy because you can earn yourself a quick 10k while sitting on the toilet.

You can never lose in the share market over the long term, unless you invest in very hopeless companies, but you can walk down the high street and see what is doing well and what has potential to do well in the future.

Well now this looks bas on me, but not right now. There are some technical issues with IQOption, they've told me that it'll be resolved in around an hour so I'm locked out of my account until then (an issue with phone verification but it's not letting me in). But give me an hour or two and I'll be happy to post a screenshot.

the financial advice on this forum is shocking.

I've done something similar - also Nationwide offer 5% for the first year, or at least they did last year (first 3k only I think, so a bit better than TSB), and I'm using Santander123 which pays 3% on balances up to 20k - small charge (2 pounds/ month I think) for the account, but much easier than the hassle of moving money between multiple accounts each month to make sure enough money is going into each one to get the interest.