£1k to invest in high risk things!

[EeyoreIsh]

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!

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"

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...

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

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!

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.

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?