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12 replies

Imtoooldforallthis · 19/03/2021 18:03

I know this is a strange title, but I would love to invest a bit of money, had a look at s&s and to be honest I don't understand it, and don't want to invest for a long time. Would like to invest in something tangible like whisky or jewellery. Looking at up to £1,000. Has anyone any suggestions.?

OP posts:
abstractzebra · 19/03/2021 18:26

There are apps which you can invest small amounts of money in stocks.
I've not tried it but I definitely saw one which was grouped into different interests, including green options.
Stocks and shares are really a long term investment and don't forget you can do it tax free with an ISA.
Might be worth a look on the forums on Martin Lewis website.
I've got a few stocks & shares ISAs but did consider investing in some cruise companies as it seemed to be a popular industry. Thank god I didn't!

Imtoooldforallthis · 19/03/2021 18:51

Thank you, as I'm due to retire this year I'm not sure isa are the way to go. I'd love to start collecting something that could become part hobbie/part investment.

OP posts:
Bard6817 · 20/03/2021 22:02

Ah different kind of investment than I usually reply to, which is all focussed on the ISA, SIPP and DB Pensions....

Watches are doing well - but in all honesty, you're funds are not in the ballpark of the investment grade pieces. Similarly with Jewellery, you are in the high street range, which is magpie level, not investment grade.

Despite being Scottish I can't comment on the Whiskey... Hate the stuff, saw so much domestic abuse related to its misuse, that I can't bear it.

I think antiques have had their day - young people arent into them, so I see the market drying up for many of them...

One area that you might wish to consider is glass... There are some very special collections which exist which you might wish to explore... Isle of Wight glass is one... (Yes they are based on the Isle of Wight). They look beautiful, make fantastic ornaments, can grow at a small pace and can be very individual...

However, In all honesty, I would suggest that given the amount available, I would go down the hobby route... Music? Golf? Model Engineering? Watch making? Woodworking? Train sets? Remote control cars, boats and planes... (Quite a community behind that one...)

Whatever you decide, let us know... Just interested to see where you end up...

Best of luck, hope I've sparked an idea...

JackieWeaverFever · 20/03/2021 22:10

I'd say watches but at up to 1k you'll struggle.

I bought some chanel 20cm minis ( at about 1,300/1,400 if memory serves) about 2 years ago and made about £500 profit pn each when reselling them new due to shortage/demand.

Wine can also be good?

Imtoooldforallthis · 21/03/2021 08:29

Just a bit of background info, we have no pensions (self employed) but do have 3 rentals with small mortgages. A fair amount of savings 150k and a husband that is totally avese to investing as his parents lost a lot money investing through a broker. Also he's of the mindset that is distrustful of all banks etc. and wants instant access to it. Currently have it in premium bonds and 30day saver. I have friends that say they are making large sums on day trading and that they started with 1k. So as I thought it woukd be fun to invest in something else. I can invest more than the 1k but I'm prepared to risk 1k on something high risk. Hope that all makes sense.

OP posts:
Mosaic123 · 21/03/2021 08:36

You could buy jewellery or china at a bootsale and resell it later? You might be lucky if you find something others have missed.

MammaMiaWallace · 21/03/2021 08:40

Bitcoin

UntamedWisteria · 21/03/2021 08:44

Buy a picture you like from an upcoming artist.

If it doesn't go up in value it doesn't matter as you still have something you like looking at.

JackieWeaverFever · 21/03/2021 10:58

So do you want to day trade or do you want something tangible?

Bard6817 · 21/03/2021 11:17

The past year has made day trading as easy as shooting fish in a barrell.... Ask them in a yeah how they have got on, and you’ll understand what i mean.

Can understand the reticence, i’ve had to pay nearly 30k in fees to the financial industry in the past 13 months, for my protection from myself, under FCA laws. Ridiculous. However i knew what i wanted to achieve, and had the hoops to jump through and as a result my affairs are now lined up the way i want them.

In all honesty, i think you have missed the boat on the easy trades, if you’d like to experiment, get an ISA, but some shares o a Vanguard fund and you won’t go far wrong. Use it as a benchmark to start understanding investing and as you grow in confidence, and see the ups & downs, decide what your own risk appetite is.

PleaseReferToMeAsBritneySpears · 22/03/2021 15:12

I've bought shares in Novavax. I'm in the clinical trial so thought it would be fun to become financially invested as well as medically. I'm waiting for the share price to rocket when their vaccine gets approved.

Could that sort of thing interest you? Shares in an up and coming company?

PleaseReferToMeAsBritneySpears · 22/03/2021 15:23

Sorry - I've read your OP better! It sounds as though you've ruled out the stock market.

I didn't know a thing either but learned enough to get going.

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