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investing £2000........

9K views 39 replies 23 participants last post by  AKA Pabs 
#1 ·
how would you try and make £2000 work for you for 6 months?

be interested to see what options there is out there
 
#6 ·
Premium bonds are a good shout, although with just £2k over 6months it is highly unlikely you will see any return at all.

A good place to start is to work out what you want the money to do? Knowing what you want the money for will help you decide how best to invest it.

If it were me, the first thing I would look at is using it to reduce any debts you owe. If you have no debts then I would use it build up an emergency fund of about 3months worth of your monthly expenses.

But any investments you look at for just £2k over 6months wont see you getting much return at all...certainly not at the current interest rates!
 
#14 ·
AIM shares.

Small biotech company, awaiting update on compounds and end of year results by the end of the month, very strong likelihood of getting a milestone payment in your stated timescale from Sierra Oncology due to a previously licensed compound.

Not naming the company in question as I don't want to appear as I'm giving financial advice. :lol:
 
#20 ·
I'd put it in my bank account.
Unless the bank goes to the wall you'll have two grand waiting for you.

If you gamble it away you'll be kicking yourself.

I've never put any money on any bets, and I don't intend to start either.
I've maybe spent about £3 on the lottery and a tenner at the most on scratch cards.

Money is hard enough to earn without chucking the bugger away.

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#21 ·
Indeed! What I was hoping to demonstrate with the maths above. On face value they may seem 'nailed on', but are actually still very high risk.....(if I got it right...!)

I'm a firm believer that the lottery is basically a tax for people who don't understand statistics...

But then money raised does go to decent things, so I don't begrudge it too much...!
 
#32 ·
You ask how you make £2k work for you in 6 months, but that is a very open question without stating your attitude to risk. With any investment there is an element of risk and generally the higher the risk the higher the potential gain or loss.
Put it under the bed it will be £2k in 6 months time but you have the risk someone pinches it.
Put it in an isa you might get 1% and in 6 months time it will have grown to £2010. pretty safe and very low risk as if the bank goes bust, the government will cover it.

Invest in shares and you may win you may lose ( higher risk and higher reward) . FT100 share index yields about 3 to 4% in dividends but you may get capital growth ( or you may make a loss.

Go to the casino and bet on black, great potential return but you could lose the lot.

Notice a theme here? There is no risk free investment and if anyone who tries to sell you one tells you it is a guaranteed winner ask yourself one question - if they are so good at picking the right investment why aren’t they living in a mansion with a couple of Rolls on the drive?
 
#35 ·
If you decide to invest it in the markets rather than just put it into a current account, I can recommend TD Direct's ISA platform. Can buy most European and US stocks and ETF's into your ISA, and a wide variety of retail fund products.

What you buy depends on your risk tolerance, and if you have other savings/investments. The safer the investment, the less the likely return. The so called "risk premium". Also, never put all your eggs in one basket; diversify.

I'm actually struggling to decide where to put some cash to work at the moment, after closing out a trade. I don't want to buy bonds with rates on the rise in the U.K. And US soon (when rates go up, bond prices go down). Equities seem high, and complacent. I can't pretend to know much about commodities or FX.


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#39 ·
We have an offset mortgage and any money we can spare goes in the "offset savings" account. I don't get any return as such, other than the reduction in interest we would otherwise have to pay in the future. Seen that way, it's earning me 3% tax free, since you can't be taxed on future outgoings you won't incur!
 
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