3,500£ to invest over 1 year Watch

martinnmartin
Badges: 16
Rep:
?
#1
Report Thread starter 3 years ago
#1
What's the best method to invest? I want a reletively low risk and medium return.
Interest rates are way too low and premium bonds are getting worse.Any ideas? I am 18 by the way and need it for uni next year
0
reply
martinnmartin
Badges: 16
Rep:
?
#2
Report Thread starter 3 years ago
#2
Anyone?

Posted from TSR Mobile
0
reply
estel
Badges: 17
Rep:
?
#3
Report 3 years ago
#3
You should just put it into current accounts: http://bankaccountsavings.co.uk/
It looks like you'll be able to get ~ 3% return - with your restrictions I don't think you could expect anything more.

If you need access to it within 1-2 years you should not consider any form of volatile investment.
0
reply
Youngmetro
Badges: 2
Rep:
?
#4
Report 3 years ago
#4
Unit trust, very good investment fund. It's not very risky since it is managed by an experienced fund manager and you can get pretty high returns.
0
reply
jamesthehustler
Badges: 19
Rep:
?
#5
Report 3 years ago
#5
normally i'd say valuable metals but the time isn't long enough unless you go for buying frm family/ friends then send to london for processing to get the most back
say 70p per carat gram
cost
£7/9kt
£14/18kt
sell
£10/9kt
£20/18kt
so you could buy 500g of 9kt gold and make £1,500 on it
0
reply
ImNotSuperman
Badges: 14
Rep:
?
#6
Report 3 years ago
#6
A Nationwide current account gives you 5% on £2.5k. Then open a TSB current account that offers 5% on £2k.
0
reply
andygrove
Badges: 0
Rep:
?
#7
Report 3 years ago
#7
better put them into help to buy ISAs.. save it as advance for your first mortgage
0
reply
NabeelS
Badges: 2
Rep:
?
#8
Report 3 years ago
#8
Might I suggest that you invest in an ISA (Help to buy ISA etc.) or an index tracker fund. These funds almost always go up and are pretty low risk in the grand scheme of things.

http://www.fool.co.uk/investing-basi...index-tracker/

http://www.thisismoney.co.uk/money/i...ker-funds.html
0
reply
X

Quick Reply

Attached files
Write a reply...
Reply
new posts
Back
to top
Latest
My Feed

Are you attending a Global Climate Strike?

Yes, I'm striking (10)
5.49%
No, but I wanted to/I support the cause (101)
55.49%
No (71)
39.01%

Watched Threads

View All