4 grand, need it in 5 months -what to do with it?

pbowenroe

I have 4 grand sitting in my CU account and would like to put it to use. I can't do anything long term as I need the money in August/September.

Would Prize Bonds be a decent option? Any ideas?

thanks

moneymad

pbowenroe wrote: »

I have 4 grand sitting in my CU account and would like to put it to use. I can't do anything long term as I need the money in August/September.

Would Prize Bonds be a decent option? Any ideas?

thanks

Take it or leave it.
If you want to take a small risk of 60 euros for a profit of a few hundred.
Open an account with with a forex broker and buy some gold and leverage yourself 2:1 with a stop loss at 1580 . gold looks to be heading to 1650
also apple is a good buy with a stop loss at 443

Selfheal

Saw on Newsnight the other night that gold is starting to dip after years of being on the rise.

moneymad

Selfheal wrote: »

Saw on Newsnight the other night that gold is starting to dip after years of being on the rise.

Sell low and buy high. Oldest trick in the book.

granturismo

moneymad wrote: »

Sell low and buy high...

??

moneymad

granturismo wrote: »

??

What are you confused about?

granturismo

Maybe I've been staring at my computer screen for too long but is it not better for an investor to buy low and sell high.

moneymad

granturismo wrote: »

Maybe I've been staring at my computer screen for too long but is it not better for an investor to buy low and sell high.

Selfheal wrote: »

Saw on Newsnight the other night that gold is starting to dip after years of being on the rise.

granturismo

moneymad wrote: »

You asked me to explain my question marks - I did. You replied with an emoticon and edited your post to replace it with the same curve you used before. At least explain why I'm wrong because I would like to invest similar to the OP.

elclassico90

pbowenroe wrote: »

I have 4 grand sitting in my CU account and would like to put it to use. I can't do anything long term as I need the money in August/September.

Would Prize Bonds be a decent option? Any ideas?

thanks

hate to break it to you buddy but 4 grand isn't alot of money

moneymad

granturismo wrote: »

You asked me to explain my question marks - I did. You replied with an emoticon and edited your post to replace it with the same curve you used before. At least explain why I'm wrong because I would like to invest similar to the OP.

Don't you understand the picture?
When the public get involved and buy, it's usually at tops. They then sell at bottoms.

granturismo

moneymad wrote: »

Don't you understand the picture?
When the public get involved and buy, it's usually at tops. They then sell at bottoms.

I understood the trend but your instruction in post #4 was to

moneymad wrote: »

Sell low and buy high. Oldest trick in the book.

pbowenroe

elclassico90 wrote: »

hate to break it to you buddy but 4 grand isn't alot of money

i am aware of that. thanks though

srsly78

Spent it all on bitcoins Warning: extreme risk.

littlemac1980

granturismo wrote: »

I understood the trend but your instruction in post #4 was to

To be fair - I know nothing about shares... but I don't think it was an instruction it was warning, made in a roundabout way, but illustrated very simply in the diagram posted after it. That was my reading of it.

I think the poster was trying to say - be careful not to follow advice on forums and invest money in shares that you say you will need in short-term future.

phantom_lord

moneymad wrote: »

Take it or leave it.
If you want to take a small risk of 60 euros for a profit of a few hundred.
Open an account with with a forex broker and buy some gold and leverage yourself 2:1 with a stop loss at 1580 . gold looks to be heading to 1650
also apple is a good buy with a stop loss at 443

This is crazy advice.

I think rabo offer the best deposit rates at the moment, over that time frame that's all you can really look at. Either that or prizebonds.