5k investment

rafther

hi all

i have 5000 and i am wondering can anyone give me some advice on how or where to save/invest it to get a decent return i can probably leave it for 3 years.

any advice would be greatly appreciated i know its not a whole lot but its a start!

i know drink it and put it on a horse are other options lol

makfli

As usual a lot depends on your attitude to risk. Spread betting may be an option . Get proficient with the basics first. Most of the companies have a practice area where you can test your strategies before risking your capital.

rafther

i was more thinking of something where i just leave it for a few years or something that i pay into every month for 3 years, i will consider anything really probably low enough risk but im open to any ideas, thanks

rugbyman

Hello there,
several posters have asked the same question on here over the last year.
if you search you should find some replies.

in short, most recommend just taking the best interest rate you can get from a state backed bank.

the other oprion is to gamble/invest on the stock exchange. not reasonably a better option.

had you put all of your dosh in Ryanair one month ago you would be up 20% today (less costs) equal to about six years in the best bank on deposit.

had you bought shares in AIB or BoI, you would now have a pot worth half.

Regards,Rugbyman

rafther

ok cheer rugbyman i will prob just end up putting it into the credit union and leaving it there!

rugbyman

rafther wrote: »

ok cheer rugbyman i will prob just end up putting it into the credit union and leaving it there!

from what i read in the press most credit unions will be paying low interest for the next year or two due to bad loans.

spend a few hours reading these threads for the last year.

if you read pocketdooz list for 09 which looks ,from memory, like making 30 % plus in a year ,you will see what could have been gained.

I think he said that he does not not foresee 2010 , being as good as 09, i am not suggesting , nor would he, I imagine, that you follow his lead. i say this to show you how it can be.

Basically what he has done is what the makers of an ETF does, form a bundle of different shares. Several posters on here over the last year have recommended them.

Keep reading.


Regards, rugbyman

woodseb

rugbyman wrote: »

from what i read in the press most credit unions will be paying low interest for the next year or two due to bad loans.

spend a few hours reading these threads for the last year.

if you read pocketdooz list for 09 which looks ,from memory, like making 30 % plus in a year ,you will see what could have been gained.

I think he said that he does not not foresee 2010 , being as good as 09, i am not suggesting , nor would he, I imagine, that you follow his lead. i say this to show you how it can be.

Basically what he has done is what the makers of an ETF does, form a bundle of different shares. Several posters on here over the last year have recommended them.

Keep reading.


Regards, rugbyman

just regards the ETFs - the issuers of ETFs don't really pick the stocks - they select an index ie FTSE100 and passively track it. Active investing is when you pick a portfolio of stocks like what pocketdooz did.

if you are looking for some stock market exposure but don't know what you are doing, buying an ETF on a broad based index is the best and cheapest way to go

pog it

It all comes down to how protective you are of this 5k, if it were me I'd pick the best stock I could come up with, and be prepared to lose some as anything can happen but I would make sure I am confident that the odds are in my favour and so I have far better chance of ending up with 7.5k.. than say with with 3k.

You can still save up again after you put the 5k into stocks ya know?

It's only 5k would be my perspective but that doesn't mean you are feckless about it either.

tolkarovers

wait until steve jobs dies/retires and buy apple when drops.