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£1k to invest in high risk things!

(8 Posts)
EeyoreIsh Thu 16-May-13 13:34:06

I have £1k to invest. On top of money that is paying off credit card debt and going into a safe but low return ISA.

So I'm prepared to be risky with the £1k. I'm happy to be involved, using an online share dealer website.

Any thoughts or advice from any one who has already done something similar?

Ideally, I'd invest in ethical businesses. I'm keen to invest in start ups too.

I'm not looking for an instant return, but equally happy to spend time moving money about. I don't want to put it into an investment fund that someone else manages, that's what I'll be doing with some of the other money.

Basically, I want to have a go myself!

Marsbarcheesecake Thu 16-May-13 17:15:19

I'm making money & having fun playing the sports markets.

I started with £1000 7mths ago and have more than doubled it - and I could have made even more if I had more free time.

My guru is a mum called Lucy Collins who runs her own website. She recently published a fantastic article called "Why Sports Betting Makes More Sense Than Financial Investing". It's not betting as you may think of it - it's about investing in different markets so that whatever the outcome you make a small profit .... but small profits add up & I'm getting a lot better 'interest rate' than my brother is on his ISA.

Don't think I'm allowed to put up a link up Lucy's site but I'm sure you'll find it by goggling her name + "system reviews"

OccamsRaiser Fri 17-May-13 06:27:11

I assume that the credit card debt is on a 0% offer, otherwise you'd be much better off repaying that with the £1k, before thinking of investing in anything else...

kalidasa Tue 21-May-13 11:23:19

You could look at peer-to-peer lending maybe? Then you could choose for yourself some ethical businesses that you want to support.

paramaniac Tue 11-Jun-13 01:42:07

Try spreadbetting. It,s tax free on any winnings and you can start with small stakes. It is leveraged which means that £1000 in a spreadbetting account would be the same as holding around £8000 in shares. With £1000, put £100 on 10 shares and start with the minimum stake. Pick the shares using a system(checklist). Some will go up and some will go down but a well thought out system will mean you can make money even with an 80% failure rate. Yes you can make money even if you are wrong on picking the direction of 8 out of the 10 shares!

RichardLuxmore Tue 25-Jun-13 09:54:38

Message deleted by Mumsnet for breaking our Talk Guidelines. Replies may also be deleted.

2rebecca Fri 26-Jul-13 23:19:25

I agree that you usually pay more on loans than you get from investments so it's usually worth paying debts like credit cards and mortgages off first. If I had a credit card debt I wouldn't be investing any money in anything risky.

PigletJohn Fri 09-Aug-13 23:25:39

when you say High Risk, you mean, you will probably lose it all. Most betting schemes are like that (unless you are a bookie)

Is that what you really want?

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