Best way to invest £2,000.

Discussion in 'General Chat' started by Cobb, Jul 4, 2015.

  1. Cobb

    Cobb
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    At the title says, I'm looking for the best way to invest £2,000. I recently came into the money and at first I was thinking about a nice holiday or upgrading some AV equipment but I'm now leaning towards doing something useful with it.

    I've looked at a few ISAs and the interest rates aren't really worth it. How about Gold?

    Thanks.
     
  2. dj_padd

    dj_padd
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    Lego!
    Seriously, there is money in lego and once a set is retired the value goes up!
    Investing in Lego
     
  3. bluedroog

    bluedroog
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    A mate of mine recently got a £16k yield on a £2.5k investment over about 2-3 years investing in a Christmas Tree plantation! No idea where he finds these schemes but he's always up to something and seems to make a living supporting a growing family while having a great work life balance, always seems to be out walking the dog or with his kids.

    He just ins't a 9 to 5 guy and thinks we're all mad and sometimes when I compare how he does things it is hard to disagree but I guess he's got a few connections and doesn't mind taking more risks.
     
  4. mikeclark007

    mikeclark007
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    Invest in Sirius Minerals!

    They have a Potash Mine near where I live in North Yorkshire that has just been approved after a long standing environmental dispute.

    Share prices rose about 80% following the announcement on Wednesday / Thursday. Obviously once the mine eventually goes into production this will increase even more due to the economic values it will bring.

    I messed up and invested a large amount in a company called W Resources - I did get a small return. I put all my eggs in one basket so didn't have anything left for Sirius.

    Loads of my mates stuck the odd £50 in round here and nearly doubled it.
     
  5. IronGiant

    IronGiant
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    And if there is an appeal against the mine that is upheld then that £2000 will be worth £160 or less...
     
  6. aVdub

    aVdub
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    I have just written a brilliant top book on how to invest and make money. Send me....... :D
     
  7. mikeclark007

    mikeclark007
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    That's the risk you take when dabbling in shares but the region is buzzing about it and having undergone numerous setbacks the appeal process seems to have run its course and I for one fully expect them to start recruiting in a wider capacity shortly.

    I gambled with W Res on a £10k investment. Got greedy and stuck when it was worth £17k and it dropped down to as little as £8k at a time when I really needed the money out sooner rather than later. A few announcements later and I cashed out at £11k - very lucky in the end given this was part of a deposit on our house.
     
  8. hippo99

    hippo99
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    Heathrow 3rd runway...'nuff said!:laugh:
     
  9. shahedz

    shahedz
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    Put a bit more towards it and get a second hand rolex
     
  10. BB3Lions

    BB3Lions
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    Fracking
     
  11. ajdj1

    ajdj1
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    Find your nearest casino and put it all on red.
    Use £2,000 on a holiday and the put the other £2,000 into a S&S ISA invested in Vanguard Lifestrategy 100 Acc Fund. Forget about it for 20 years.
     
  12. J J Carter

    J J Carter
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    Wait 24 hours an that £2k could get you a nice, albeit looted, flat in Athens.
     
  13. rampant

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  14. Greg Hook

    Greg Hook
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    2K investing isn't really going to get a massive return, if your are happy with a few % then an ISA is probably you safest bet.

    If it were me I'd probably buy some shares. Spread it across a few companies to minimise your exposure.
     
  15. bluedroog

    bluedroog
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    Premium Bonds? The big prizes tend to go to those who have huge blocks of them but you never know. When I was younger and had a small inheritance of a out the same I didn't want to pee up the wall as I'd clearly have done in my regular account as a 17 year old I left it with NS&I till I had something worth while to do with it and had the trip of my life around Cuba.

    My mother actually (who got the bulk of the money and was headed with dividing it up among our side) set it up for me, I asked her to cash it having no won anything but she didn't get around to it and I won on my last draw before she got to it! Was only a small win but the money was safe there and it is quite fun checking to see if you've won and the only risk is forgoing any interest.

    Keep in mind all other posts, I'm not suggesting this is better but is quite good if you've no major expectations on yield and want to treat it more as a rainy day fund.
     
  16. Trollslayer

    Trollslayer
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    For 20 years invest in a biotechnology fund.
    I am investing in R&M smaller UK companies and Axa Framlington biotechnology to cover two different markets, been averaging 2%/month for most of this year. Biotech has a bit higher return but more volatile and smaller UK companies may change in the future as it is a narrower market.
     
  17. Tempest

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    On the topic of premium bonds. Two questions. One serious, the other more theory :)

    1: Is your money protected when you have it in premium bonds? Can anything collapse, like a banking crisis, and your money is at risk?

    2: Is there ANY benefit, as my brain seems to think there is, though I'm sure there is not maths wise, in having/buying lesser amounts/blocks over time as opposed to all in one.

    Does it even work that way?
    If you buy say £1000 worth, do you get 1000 consecutive numbers that may randomly be picked from a prize, or are they kind of scattered?

    Stupidly I seem to feel, human nature, that banks of different numbers more scattered have a better chance of winning something than, say £20,000 all in one single clump
     
  18. SteveCritten

    SteveCritten
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    It's been proven quite the opposite the people with the maximum amount have more chance of winning than those with smaller blocks. If you have a large block of say 40k numbers and it's in the middle of that you win if you bought every 2nd one and it's in the middle of those 80k numbers there is a 50/50 chance you miss it.
     
    Last edited: Jul 6, 2015
  19. Tempest

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    Thanks.

    I know I, and many others, being humans make assumptions that are wrong.
    Such as the lottery.
    We think 1, 2, 3, 4, 5, 6 has less chance of coming up than 3, 16, 22, 37, 42 as it seems crazy to think 1 - 6 would come up, and yet, it's got exactly the same chance.
    Hence why I think, me thinking big blocks/small blocks etc etc in premium bonds is just me being stupid.
    But I have no knowledge of past draws, so I appreciate your comments, and one large chunk does make it easy to buy.

    I am VERY tempted to buy some as I'm bored to hell with getting something like 0.nothing much on my current savings account.

    At least with Premium Bonds I have a chance and a little bit of hope :)
     
  20. mitre

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  21. arenaman

    arenaman
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  22. Trollslayer

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    6% net, better than inflation.
     
  23. imightbewrong

    imightbewrong
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    Wut? :)

    More tickets => more chance of winning
     
  24. SteveCritten

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    No we are talking about the same amount of tickets mate. If bought in a single block then has more chance of winning than it being spread over lots of smaller blocks of the same amount. I know mathematically it should be the same but statistically it proves differently.
     
  25. SteveCritten

    SteveCritten
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    Edited
     
  26. imightbewrong

    imightbewrong
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    Is there link for this?
     
  27. SteveCritten

    SteveCritten
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    I read it in Viz :laugh:. I will look.
     
  28. SteveCritten

    SteveCritten
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  29. SteveCritten

    SteveCritten
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    It seems reading that, 20-30k is the optimum amount to own. But saying that it doesn't break it down into those that hold a full block of 30k just holds 30k. I will keep looking.
     
  30. The Dark Horse

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    How long do you want it tied up for? £2000 is a nice sum but I can't see it giving a huge return unless you are prepared to potentially lose it all in a high risk investment. I would probably stick it in an ISA, not very exciting but at least you are guaranteed some return.
     

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