I have £1000 or so sitting in a 1.5% interest p.a savers-account and would like to invest it to hopefully get a better return. I've researched premium bonds and decided that although it would be fun to be part of the lottery every month, I prefer to influence my progress. Is there anything out there that's quite safe when saving money but allows you to put work into getting a better return? I considered wholesaling a few items (ipod, wii, xbox, etc) but I found you need a licence to wholesale nowadays. Any suggestions are very welcome! Thanks, Sam.
Yes there is, you just need to think outside the proverbial box. I'd make some suggestions, but would be giving away all the ideas that are floating around inside my skull.
If you want to get really adventurous, you can look into Forex. How much is a wholesalers license there?
That is absolutely horrible advice. He said he was looking for an investment, not a gamble. Whatever you do don't waste your money on forex. It is a sucker bet. Tom
your best investment would be education. if you have 1000 pounds and dont know what to do with it then it means you dont have good financial education that is required to get high returns with low risk. just buy top financial/investment books . then pick out a strategy and just stick with it . dont waver.
Find a good quality Internet Course to invest, it's inexpensive and great return, if you find the right one.
Why don't you put you money into stock market and do some day trading. If you have the correct tips,you can easily gain few hundred buck per day.
You may learn Internet based courses like SEO, Internet Marketing and more. I have seen some University and Institution provide professional course on these. You can better take a great chance on there.
Ya, it's just that simple. Not! Don't listen to this advice. Most daytraders end up working a day job.
There is about a 0% chance anyone is turning such a small amount into a "few hundred buck per day". £1000 is not even worth putting into the stock market unless you are just playing around. Even if a stock goes up 1%, you are still paying more in trade fees than what you end up making.
before investing into anything you should gain experience, don't just go into forex or stock market, it's not a gamble - it's a system that makes you think it's a quick get rich, thus most people end up losing their money by investing into forex or stocks because they didn't learn how to properly invest it. i am learning stocks and forex, this year a lone i spend half year each day learning and analyzing the stock market, i gained a lot of knowledge so i know it's not a gamble, yet i was able to make any serious income - just because i don't want to risk my money into it yet. stock market can profit you a lot, but also can make you loose a lot, so even people that earn a lot in stock or forex market have a day job just to keep them fresh and running. and..just before anyone says anything bad about something, he should explore it first.
forex and stocks ARE a gamble and unless you know what you are doing you WILL lose everything. And Evn if you know what you are doing there is always the risk of losing everythng - remember the Big players got big taking the money of the little players.
Hi, You can invest some money into good stocks. You should work with a broker who is familiar with stocks. You want someone who deals with them on a regular basis and will tell you the truth, not what they think you want to hear.
Try make money online, mate. Even with nothing down, you can produce something out of the Internet - For some, a lot. I do Cheers!
I can and have made money online, however that is not relevant. I want something I can invest my money in to get a better interest than 1.5%. I'm thinking of trying out the stock exchange with £300 - see how it goes.
buy gold. I don't know how the pound is expected to do but, anyone who has money in a dollar denominated bank account should definitely buy gold with all of it (look at an ETF not physical gold).
You can buy a website, earn money from people who want to advertise on your website, and later sell the website for a larger amount than what you bought it for. It does require a lot of time and effort though. It's what I do myself, hence the recommendation Here's an afterthought - you may want to consider investing in domains instead as it is much easier. Buy an LLL.com (that is 3 letters, no numbers, no hypens!). You can find out what the premium letters are in this thread: http://forums.digitalpoint.com/showthread.php?t=694836 The premium letters are worth way more, and the rest of the letters should be avoided.