Ways to Invest £1000?

JJ09 · 23-07-2008, 10:33 PM

Hi All.

I have posted on here a few times. I am due to get some inheritance at the end of August and don't want to blow it.

I am a web developer and graphic designer so I plan to create a website and accept payments via paypal.

A few questions.

1) Is it possible to invest the £1000 in phones and make a profit? Even if it's small pofit, I am not bothered, as long as its profit and I am not losing.

2) Should I set up a business account with my bank?

3) In your opinion, what would be the best way to invest it? I was also thinking about using it as credit with a drop shipper, but not sure on that either.

Any advice welcomed.

JJ09 · 23-07-2008, 10:36 PM

I forgot to mention I plan to reinvest profits until I reach a comfortable amount and make a regular tidy profit.

I understand its also not easy, as everyone would do it. Hence why I want advice.

**greedyboy** · 23-07-2008, 11:04 PM

If it was me, I'd buy a Glass's Guide, buy a car for £700, spend £100 on it (valet, a mop, new mats and new MOT), park it at the end of the road with a for sale sign and sell it for £1400 quid.

I'm going to BCA tomorrow so I'll keep my eyes open for you

No but seriously, with that money it would be one of the quickest way to make a few quid.

**hardwareheroes** · 23-07-2008, 11:05 PM

Thats a toughie - one wrong choice and you could lose it all.

If it was me, I would try and grab a couple of the 3g iphones that are becoming available and wap them on ebay or buy 6 Nintendo Wii and store em till xmas.

You'll at least get you r money back on both those investments should they fail to deliver.

**hardwareheroes** · 23-07-2008, 11:06 PM

Quote:

Originally Posted by greedyboy

I'm going to BCA tomorrow so I'll keep my eyes open for you

You on the lookout for anything in particular or do you just like goin for the crack (luv it btw)

**hardwareheroes** · 23-07-2008, 11:07 PM

Buy a coupla hundred RC copters from China - they seem to be ever popular

**greedyboy** · 23-07-2008, 11:08 PM

After a 56 plate ish Kangoo or similar (it's commercial day) for my new delivery driver. Blackbushe is way over priced but it's only 45 minutes and I need it quick. Personally Measham on a Tuesday is better for commercials.

**greedyboy** · 23-07-2008, 11:10 PM

Quote:

Originally Posted by hardwareheroes

Buy a coupla hundred RC copters from China - they seem to be ever popular

Been there done that. Sold 1000 in 2 weeks (online, on here, trade and a boot sale). Be prepared for the headaches on the cheap ones! his was in the early days when you could sell 15 a day on ebay

Wouldn't recommend it now though.

**hardwareheroes** · 23-07-2008, 11:10 PM

Quote:

Originally Posted by greedyboy

After a 56 plate ish Kangoo or similar (it's commercial day) for my new delivery driver. Blackbushe is way over priced but it's only 45 minutes and I need it quick. Personally Measham on a Tuesday is better for commercials.

One of my vans is a 54 plater - awesome wee thing - love driving it myself !!
Great for tall peeps with bad back

**greedyboy** · 23-07-2008, 11:12 PM

Should get one for for a smidgen over 3k + Vat I reckon. As I am a account holder i get to see what's going through with pics and spec/history, a nice silver one with side door is up tomorrow.