Where/how to invest £1000?

[CaneCorso]

Me and my sister have taken on a challenge for 2021. We are both going to invest £1,000 in the next few weeks then in April 2022 we are going to come together and see who has made the most money on their investment. The investment doesn't need to have matured by then but we will see whose is performing the best.

The trouble is that I have zero investing experience beyond buying Premium Bonds ten years ago

So I would appreciate a little bit of a steer in the right direction if someone can, please. It's vital that I beat my sister

Stocks. I downloaded Freetrade and made around £700 when the market crashed by investing around 5k. I would’ve made more but took it out prematurely. If you do go with that, research first

Greenbks where do you research though? I’d love to do a similar challenge with my cousin, we’ve been talking about it for ages but neither of us have a clue where to start!

Over the next year, with all the uncertainty going on, you might as well stick a pin in a list of options, so I'm not sure what this aims to prove. If you put it all on black at the casino, you've close to a 50/50 chance of instantly doubling your money.

Are you including dealing costs and dividends or is it just the increase in the share price? If you put the money in a pension, you've an instant 20% gain due to tax relief. Will that be part of the gain?

In fact, if you exploit introductory offers with online casinos and use the money to patiently play blackjack starting with small stakes (no more than £10 a time), you could probably steadily increase your £1000 pot.

It all depends on your appetite for risk. If you don't care about losing the £1k, or most of it, then you could make £10k by investing in crypto currency.

On the hand of if you want to play it relatively safe (i.e. Medium risk) then you could buy a share like easyjet or national express, based on the share recovering next Uttar, and the dividend being reinstated.

If you want very low risk, there's always premium bonds or technology stocks such as Amazon or Apple. Although Georgia flipped to democrats yesterday (and it makes it more likely that they'll be a move against the mega caps) I still think they will go up next year.

Honestly, I just looked at companies record on the stock market for the last few years and read up on individual companies and their finance reports. At the end of the day it really is a gamble. I would stay away from things like airlines and any companies that are in debt.

There are people over on the money/investment forum that know a ton more than I do so probably best to ask them!

premium bonds are not an investment so you have zero experience.

stocks and shares ISA and pick a couple of funds. The research involved in that alone will keep you occupied!

ETFs are good. You could try a micro investing platform. There are a few people on Insta giving guides - ladies finance club, MissLollyMoney. Single stock is high risk. Technology companies are normally semi safe bets. Though ones like Uber relying on Gig economy are more risky. Investing is for the long term so checking in a year isn't necessarily great. Investment is normally 5-10 years.