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+--- Thread: 5000gbp to invest but no idea what to invest in, looking for low risk (/showthread.php?tid=5655895)
5000gbp to invest but no idea what to invest in, looking for low risk - Seifer - Jun 26, 2017
Hey HF, I believe this is the correct place for this thread but let me know if their is a better place.
Okay I have £5000 ($6367.00) spare in my bank, currently it is just sitting their doing nothing and I have no need for it, currently looking for low risk investments and was hoping someone here would have some good ideas on what.
A few notes:
I am based in the UK, 20 years old and in full time employment.
Here are what I have looked at:
Property:
Their is currently student accommodation studio flats for sale, they are each £20,000, so I would need to get a loan/mortgage however the student accommodation is managed by student accommodation company meaning that they do most of the home owners requirements such as collecting rent, holding a deposit for damages, finding tenants etc, it also means that as soon as I buy the studio flat their is a tenant already living their so I stand collecting rent as soon as possible.
The rent is £85 per week, meaning roughly £6367 per year, 4 years to break even. To me this sounds a tad too good to be true and that I might be missing something considering I have never invested in property before.
Peer To Peer Loan:
I have also been looking into peer to peer loans such as sites like prosper however it seems very risky that their is nothing that really holds the person to pay back the loan, also prosper seems to be USA only, so I need something that would work in the UK, if anyone has had experience on this, I would love to hear.
Thanks for any replies and for reading~
* - Eagerkid - Jun 26, 2017
I would put some money in a Roth IRA if you haven't already ( this is going to help plan for your future )
* - Seifer - Jun 26, 2017
(Jun 26, 2017 06:27 AM)Eagerkid Wrote: I would put some money in a Roth IRA if you haven't already ( this is going to help plan for your future )
I live in the UK, however after looking into an IRA it seems to be the same as a pension? I do have a workplace pension but that is just 2% of my income.
* - KushForPrez - Jun 26, 2017
Invest in ETH/BTC other good lookin cryptocurrency. ( Med/High Risk )
P2P Load sounds like a good idea, as there have to be some kind of security/guarrantee that you get the money back.
I also think property could be a good idea, as i think the building/Living Costs will just keep rising.
RE: 5000gbp to invest but no idea what to invest in, looking for low risk - IzayaOrihara. - Oct 26, 2017
Since I dont have enough points to send you a pm, contact me at my discord "DEATHBORN#6704"
I built an AI algorithm using Keras and python to trade the financial markets. I was just looking for an investor too. Let me know if youre interested.
Best
RE: 5000gbp to invest but no idea what to invest in, looking for low risk - Haridimos - Oct 27, 2017
property buying is always a good investment, but Since you only have 5000 GBP this means you have to get involved with the bank, and Banks doesn't give you money because they like you!
RE: 5000gbp to invest but no idea what to invest in, looking for low risk - Guede - Oct 27, 2017
Fuck knows what sort of mudhut you're living in for 85 quid a week mate lmao. But the key word in your thread is low risk. Low risk investing with a piss small amount like that is useless, you won't make shit mate.
RE: 5000gbp to invest but no idea what to invest in, looking for low risk - MentorPEN - Oct 27, 2017
Go invest and hold stocks for a company, you can find good newborns at websites like kickstarters, just do the math and hold their stocks and when they hit the ceiling - you know what to do then! Just do not hold for too long as this is a small amount!
RE: 5000gbp to invest but no idea what to invest in, looking for low risk - Ash Ketchum - Oct 27, 2017
let me gamble it for u OP
RE: 5000gbp to invest but no idea what to invest in, looking for low risk - AngelX - Nov 17, 2017
(Jun 26, 2017 06:25 AM)Felix™ Wrote: Hey HF, I believe this is the correct place for this thread but let me know if their is a better place.
Okay I have £5000 ($6367.00) spare in my bank, currently it is just sitting their doing nothing and I have no need for it, currently looking for low risk investments and was hoping someone here would have some good ideas on what.
A few notes:
I am based in the UK, 20 years old and in full time employment.
Here are what I have looked at:
Property:
Their is currently student accommodation studio flats for sale, they are each £20,000, so I would need to get a loan/mortgage however the student accommodation is managed by student accommodation company meaning that they do most of the home owners requirements such as collecting rent, holding a deposit for damages, finding tenants etc, it also means that as soon as I buy the studio flat their is a tenant already living their so I stand collecting rent as soon as possible.
The rent is £85 per week, meaning roughly £6367 per year, 4 years to break even. To me this sounds a tad too good to be true and that I might be missing something considering I have never invested in property before.
Peer To Peer Loan:
I have also been looking into peer to peer loans such as sites like prosper however it seems very risky that their is nothing that really holds the person to pay back the loan, also prosper seems to be USA only, so I need something that would work in the UK, if anyone has had experience on this, I would love to hear.
Thanks for any replies and for reading~
I can manage your money in the forex market via dukascopy bank. or an alpari company. for 50% of the profit.
RE: 5000gbp to invest but no idea what to invest in, looking for low risk - SIM-1224560 - Jul 14, 2018
Have a look into a stock & shares ISA. The less commission the better, I use Hargreaves Lansdown however there are far more better ones with less comission, I’ve just had it for years.
RE: 5000gbp to invest but no idea what to invest in, looking for low risk - fnatic440 - Jul 15, 2018
If you are looking for low risk, then you are subsequently also looking for low return. If that money is not needed in the next 10 years or so, and you won't need to tap into it to pay your bills, at the age of 20 you should have a high tolerance for risk. I do not know your financial situation so I can't say much more than that.
You mentioned 2% goes into your pension plan. What kind of pension plans are available through your employer? Is there something like a 401k with an employer match? If so you should contribute the maximum amount because that's basically free money. If you have not opened a tax advantage account, such as an IRA you should do that as well. You can contribute up to $5500 every year. Buy a low cost index fund that tracks the S&P 500 and leave it alone. You'll thank yourself in 40 years when you are ready to retire.
Avoid the get rich quick schemes offered by some HackForum users. This website is infested with swarms of idiots. Definitely do not give your money away to be handled by that guy who wants to manage your money in Forex trading while taking 50% of the profits.
Good luck
RE: 5000gbp to invest but no idea what to invest in, looking for low risk - ShobiX - Jul 15, 2018
Check this website
Variobit . Com
Based in UK also
RE: 5000gbp to invest but no idea what to invest in, looking for low risk - Killy - Jul 15, 2018
You are not gonna make $ if you are looking for "low risk"
invest in courses, NEVER IN HF. And gain extra knowledge to turn that 6k into a million dollar income
RE: 5000gbp to invest but no idea what to invest in, looking for low risk - Seifer - Jul 15, 2018
Not sure why this thread was posted in after over a year of inactivity xD
Closed~