What would you invest 1000 euro in?

paky

Hi, I just received 1000 euro tax back from working abroad. Coincidentally, I was reading 'Investing for Dummies' when I received the news. I have no use for the money so I was thinking about investing it in something. I have one company in mind but I would like to hear your opinions on what I should do with it. I know its not a lot so I'm willing to take a risk.

The Marlboro Man

paky wrote: »

I have no use for the money so I was thinking about investing it in something. .

Since you said that, I'd go for GKP. Politically risky, but if that sorts itself out then serious upside. Bargain prices now after the turmoil in the markets...

surestew

Id go for "woolie jumper because gonna be a cold winter"

paky

The Marlboro Man wrote: »

Since you said that, I'd go for GKP. Politically risky, but if that sorts itself out then serious upside. Bargain prices now after the turmoil in the markets...

whats gkp? oh right, got it

so wheres my first port of call if i wanna do that?

mikerockfield

If I had a 1000 euro I would be sinking it into BPC (Bahamas Petroleum Company) The price dropped recently for no reeason only the crazy market at the moment. An excellent 12-18 month investment IMO.
DYOR

paky

whats your view on currency investment? i was looking at last years currency rates and it seems like a fast way to make a buck?

US Dollar to Euro, Nov: 1.42
US Dollar to Euro, Dec: 1.29

That would of been an easy way to make 130 euro on 1000 euro exchange within a month. Is that the jist of currency investment or am I missing something?

TheInquisitor

I'll tell you after i buy them.....

later12

It depends OP, do you have any ideas of what level of risk your comfortable with? Are you set on equities, or are you looking into safer investments, possibly with lower return as well?

Raskolnikov

Speculating on currencies isn't something I would recommend for a first time investor. Also, €1,000 isn't really enough to consider putting into stock.

Your best bet is just to put into the highest-interest bearing deposit that you can find that doesn't look like it will implode anytime soon.

paky

later10 wrote: »

It depends OP, do you have any ideas of what level of risk your comfortable with? Are you set on equities, or are you looking into safer investments, possibly with lower return as well?

im willing to risk it all. i heard oil was risky so i was thinking of investing it there but dont know how to go about it

paky

later10 wrote: »

It depends OP, do you have any ideas of what level of risk your comfortable with? Are you set on equities, or are you looking into safer investments, possibly with lower return as well?

im not sure about financial terms such as equities. what would u suggest later10?

WooPeeA

Some fund that invests in property in Thailand. Smells like quick rise of price in the next 2 years out there.

Grecco

A decent Holiday, invest in yourself
charge up the old batteries

The Marlboro Man

Raskolnikov wrote: »

Also, €1,000 isn't really enough to consider putting into stock.

Why? You can trade for as little as €15 now. What difference does it make if you invest €1000 or €100,000? The risks/rewards are the exact same. The returns or losses are also the same, percentage wise.

Raskolnikov

The Marlboro Man wrote: »

Why? You can trade for as little as €15 now. What difference does it make if you invest €1000 or €100,000? The risks/rewards are the exact same. The returns or losses are also the same, percentage wise.

For one, it's a complete pain in the arse to set up a brokerage account. Secondly, with €1,000, it's quite likely you will be charged annual fees by the broker. Thirdly, with €1,000, you can only realistically buy one stock, so that means you've no diversification (I guess you could consider ETF's). Fourthly, €15 trades mean your investment needs to go up by 3% before you even break even.

Buying a portfolio of stocks only really works if you have either a decent sum to start off with, or if you plan on regularly putting new money into your account, gradually diversifying as you go. I started off the second way. To start, I put €2k into a brokerage account, and bought two stocks. Every few months when I could spare €1k, I would lodge it and buy another stock until I had a portfolio of about 10-12 companies. After that, I just put new money into the existing companies. It sounds like this chap has access to a once-off windfall of €1,000, so I think he's best keeping it in the bank for now.

ixus

Rask is right.

The OP has no goal as to what he wants to achieve with his money. Sounds like the OP doesn't value money at all. Amazing in the present times.

I'd highly suggest you put that money in a deposit account as I'd be willing to bet you will need it some day in the future.

Don't go near currencies.

I have some magic beans I'm willing to sell you though.

The Marlboro Man

Raskolnikov wrote: »

For one, it's a complete pain in the arse to set up a brokerage account. Secondly, with €1,000, it's quite likely you will be charged annual fees by the broker. Thirdly, with €1,000, you can only realistically buy one stock, so that means you've no diversification (I guess you could consider ETF's). Fourthly, €15 trades mean your investment needs to go up by 3% before you even break even.

Buying a portfolio of stocks only really works if you have either a decent sum to start off with, or if you plan on regularly putting new money into your account, gradually diversifying as you go. I started off the second way. To start, I put €2k into a brokerage account, and bought two stocks. Every few months when I could spare €1k, I would lodge it and buy another stock until I had a portfolio of about 10-12 companies. After that, I just put new money into the existing companies. It sounds like this chap has access to a once-off windfall of €1,000, so I think he's best keeping it in the bank for now.

Good points actually Raskolnikov. Td Waterhouse don't charge annual fees, but I forgot you have to have €5K+ in your account for this luxury. It is a bit of pain setting up an account, and simply not worth it unless you plan on taking investments serious.

paky

thanks for the heads up. seems more trouble than its worth.

NickDrake

Buy €1000 on BHP Bilton on Monday and trade out of it in a few weeks.

Don't mind these conservative guys, go out there and buy and get a feel for it.

It is a great time to buy.

paky

NickDrake wrote: »

Buy €1000 on BHP Bilton on Monday and trade out of it in a few weeks.

Don't mind these conservative guys, go out there and buy and get a feel for it.

It is a great time to buy.

cheers mate. i was looken at bhp biltons share price and seems like they're at an all year low. is that what you base your investment strategy on, seen how well the shares have been doen all year and pouncing when they're low> is it that simple?

radioactiveman

With 1000 euros buy Berkshire Hathaway. Stock symbol is BRK-B. I know this sounds like a tip but it's not. A really good investment. Google it for more info.

It might get cheaper than it is now, but even so it is about 30% undervalued at the moment going by book value and that is extremely rare. Buy it now and never sell it ever.;)

NickDrake

paky wrote: »

cheers mate. i was looken at bhp biltons share price and seems like they're at an all year low. is that what you base your investment strategy on, seen how well the shares have been doen all year and pouncing when they're low> is it that simple?

No it's not that simple. I have been following the stock for years and I have made nice profits. It is an analysts favourite and will co itinerary to do well as it is related to commodities .

Pfizer, Microsoft and cisco are nice and cheap at the mo considering the strength of the balance sheets.

It's a prime time to buy the tight stocks as they are cheap.

Do some research and enjoy it.

And of course make some money

martyoo

Pfizer, Microsoft and cisco are nice and cheap at the mo considering the strength of the balance sheets.

I'd buy Cisco if they got rid of their CEO.

Canonfan

I'm in a similar position with just over €3K to play with.

After some readings I think I will buy silver bar/coins.

Wildebrian

If you have no need for the money long term I would buy BOI shares.They seem to be the first of the Banks emerging from the mire and must be worth much more than the current share price listing

suarez9

Gun gold and a getaway plan

blacktalons

fill yer heating oil tank now with kerosene,cos it WILL be mega expensive this winter.

bren2002

Gold & Silver via bullionvault.com. There's a bit left to go in that bubble

bren2002

Or if you're determined to have shares.
BP
Ryanair
Microsoft
Starbucks
Or a lithium mining company

RonMexico

Why will Kerosene be so expensive? Excuse my ignorance.

jackiebaron

The Marlboro Man wrote: »

Why? You can trade for as little as €15 now. What difference does it make if you invest €1000 or €100,000? The risks/rewards are the exact same. The returns or losses are also the same, percentage wise.

Not if you take into account brokerage fees. The smaller the investment then you really feel the chunk that they take off you. Why not stick it into a proze bond and then every month you might get a nice little cheque for a tenner here, a fifty there.

Isoaxe

jackiebaron wrote: »

Not if you take into account brokerage fees. The smaller the investment then you really feel the chunk that they take off you. Why not stick it into a proze bond and then every month you might get a nice little cheque for a tenner here, a fifty there.

Because prize bonds are probably one of the worst classes of investment out there. A high yielding savings account would be better idea, until you have enough to make it worth your while investing in shares.

NickDrake

I hope you bought some BHP Bilton like I said??? Record profits announced last week