Can anyone give me investment advice?

[Jonny69]

Rumours are going round that now is a good time to invest in the US either in dollars or in shares in US companies. Favourable rates with the dollar mean we get a lot for our money right now.

I have a little bit sat in savings in a 5% account that I am slowly saving up to a house deposit in probably 2-3 years so I don't need it immediately but it would be nice to build it up a bit more than the interest rate if I have the opportunity.

I did a back of a fag-packet calculation and if I were to buy £6K of dollars at 2 dollars to the pound, wait for a year or 2 until it's like 1.8 dollars to the pound it might make me £650 not including transfer fees, commission etc. However I have no idea what costs are involved.

Can anyone advise what I might do with it?

[leowyatt]

Well US companies I'd purchase shares in if they are available is either Apple of Google

[LeperousDust]

Originally Posted by Leowyatt

Well US companies I'd purchase shares in if they are available is either Apple of Google

Surely theyre too expensive to bother with now. As in you should have purchased them year ago when they weren't so certain?

Johhny, if youve got a few k to invest see a financial advisor, my mum and dad are from from posh (well we live in liverpool hehe) and we don't make oodles of money at all, but my dad has a financial advisor, and he's only ever buggered up once, and by that i mean he pulled us out early saving money but not actually making any extra in 5 years or whatever. Seems a nice guy he makes his money and dad makes some extra from his. My dad has probably over 20k+ lying around with him now (but that is after 40odd years of saving since hes a hermit... But he's invested a few grand at a time in different schemes.

Check em out anyways, im sure loads would give you a free consultation

I also suspect this high dollar price is over estimated, it will soon level out and tbh hasn't it been around 1.9 for ages anyways? After fees etc... and the risk i doubt you'd be making much more than savings account interest (which is much much safer surely?).

Given my above post, i don't really know anything inparticular just things i've picked up over the years, so my advice is served with salt

[Davey_Pitch]

Originally Posted by LeperousDust

I also suspect this high dollar price is over estimated, it will soon level out and tbh hasn't it been around 1.9 for ages anyways?

Over the past 3-4 years I've seen it drop as low as 1.6x, with 2 being the highest. When we went to Florida last year it was around 1.8 or so.

[Matblack]

Heres some good advice

Don't take investment advice from friends if you want them to stay your friends

Seriously, go and pay someone whos job it is to know what they are talking about to help you or use one of the trusted means of investment. Any investment is by nature a gamble and if you can't afford to loose the money you shouldn't be gambling with it

I don't mean to be patronising, just be carefull

MB

[LeperousDust]

Good advice MB

[leowyatt]

MB speaks the truth, go see someone who knows what they are talking about. I just gave the names of 2 companies which are doing well and I'd hope would give a return on shares, but seriously make an appointment and talk to someone in the know

[Jonny69]

Is it worth it for that little amount? I have 6K but it would need to make quite a bit if I have to cover someone's fees. I might just leave it in the savings account.

[Matblack]

Originally Posted by Jonny69

Is it worth it for that little amount? I have 6K but it would need to make quite a bit if I have to cover someone's fees. I might just leave it in the savings account.

I'd probably lock it up in an ISA, to be honest if there was an easy garenteed way to make a high return with no risk someone would have found it by now and no one would be putting it in bank accounts. Its only when you get up to large quantities of cash that you get better returns. Its not very fair but thats life :undecided:

MB

[Jonny69]

Yeah that's the way I'm looking at it now.