Investing Ј1000

A question about : Investing Ј1000

Hi All

I am looking to invest around Ј1000 - Ј2000 pound and would appreciate some advise.
I already have a Cash Isa which I have around Ј9,700 in and am not sure if I should put the money into that.

I am prepared to take a bit of a risk on the Ј1000 but cant decide where I would like to invest the money. I don't really know enough about shares but would be prepared to invest in the share market.

Any advise would be greatly appreciated.

Thanks

Best answers:

• Sounds like a plan but you need to do a bit more reading and come back with a more specific question(s).
• What percentage are you earning in your cash ISA? Can that Ј9,700 be placed in high interest current accounts to get more interest?
  With regards to the Ј1000 to Ј2000, how long can you invest it for?
• I am currently getting around 1.5% in my Cash Isa.
  I am willing to leave the money tied up for the Ј1000-Ј2000 as I currently dont need access to it.
  ggb1979 I dont understand how I need more detail in my question?
  If you dont like it dont reply.
• Hi jai it's not about not liking your question it's not knowing what the question is. My advice is to read more around the topic, on here or net in general and come back if you have specific questions.
  I could advise you to buy 2000 lottery tickets, use hargreaves Lansdowne to buy bp shares, put it all on black 13, put it in a pension, buy some vanguard life strategy 80, use charles stanley to open a s&s isa, go and see a financial adviser, pay more off your mortgage, buy gold, buy a ftse tracker, buy bonds......
  None are necessarily bad advice but may or may not be correct for you or anyone else depending on so many factors.
  From your question it is clear you haven't made much effort to read up on the subject and expect meaningful advice with no effort on your part which will not get you the answers you are looking for because you don't know what your questions are
• I'd reconsider your existing cash ISA and get more money from current accounts starting with TSB Classic Plus (Ј2000 at 5%), Nationwide Flex Direct (Ј2500 at 5%), Club Lloyds (Ј5000 at 4%). See top interest paying accounts.
  Consider stocks and shares ISA if you feel like you have enough in cash already (for emergencies and short term spends) and can put money away for 5+ years. Generally speaking, stocks and shares do better than cash when given the time to ride out market ups and downs. If you go this route, start with funds (baskets of shares) rather than individual shares.
  EDIT: ggb1979 mentioned pension which is an excellent long term savings vehicle. Post as much information about your situation as possible and the answers should be more specific to you.