If you had £50 a week to invest...

[Omega16]

If you had £50 a week to invest, what would you do with it? I know it's not a great deal but just looking for the best options.

Have you got a pension?

Yes, I do have a pension, work and private.

What is your objective?

Are you looking to learn how investing works, if so then do you have a Stocks&Shares ISA?

If you intend to use the money for something else later, what investment time period are you looking at?

Potentially investing £50 a week for the next year. I could just shove it in my s&s isa I suppose.

Do you get tax credits?

No tax credits. Why?

A year and then to take it out? Far too short an investment window, just put it in interest paying current account or savings account at highest interest you can get.

Investing for a year and keeping it in the investment... may be better in pension as you get the tax relief. You will need to look at that vs having in an index tracker or mutual fund within an s&s ISA.

£50 a week is ~£200 a month or £2600 a year which is fine. S&S ISA seems a sensible place for it, how is that invested? We've got some savings in global funds rather than just FTSE to protect against any volatility due to Brexit.

I wouldn't put it in stocks and shares at the moment; the market is dues big readjustment.

As above, for just a year I would open a regular saver - Nationwide has one paying 5% interest for up to £250 per month.

Thanks everyone. I should have clarified - my son is paying £50 rent a week, hopefully for no more than a year until he goes to university. I plan to give him back the money at some point so just wondering where best to put it.

The best you could do for that would be as Fleurchamp says a monthly saver. Or in fact just open a Nationwide flex direct current account which has no strings and gives 5% for the first year. Just treat it as a savings account.

Take £50 to cash and carry (or some such), look for something you could split and sell on ebay/facebook/christmas stall. Basically one short term business,see if you can make a profit.

Aopps,sorry misread that you had an oncoming investment. Stakeholder pension?

Some banks do 'regular saver accounts' where you save a regular amount for 12 months and interest is higher, around 5%. First Direct dies one, probably other banks do similarly.

Fiftysix - like what?

Give it back at £25 per week when he gets to 2nd year and spread it out over next two years. It will cushion him and will teach him about legacy.

Maybe put into premium bonds, don't generally like them but in a year they won't go down and they might grow.. And as last poster said then give it back to him 25 a eek