I got £16000 as a gift. How can I invest this for high return?

Question

I got £16000 as a gift. How can I invest this for high return?

Answer 1

Place the maximum amount in an ISA (assume UK as £) for tax free growth. Filter the the rest into regular savings accounts. Banks are desperate for Money and Halifax are giving about 10% on monthly savers accounts. It is possible to open several with different banks (each bank will have a limit ie max £300 a month).

Answer 2

High return means high risk. Think carefully about your investment obectives and attitude to risk. I'd suggest splitting it between the stock market and cash investments and use your full ISA allowance.

Answer 3

If you go for too high a return, remember this may be at the expense of capital. Do you need income? Why not go for growth rather than income?

Answer 4

Put it towards a house.

Answer 5

To my mind the best way to invest money is to invest in someone's business. It's safer and more profitable than buying stocks. I have invested in my friend's small business and now I am getting guaranteed 40% annual interest.

I wish you success!

Answer 6

bet it on a williams sister winning wimbeldon

Answer 7

If you want a high return. I would said use part of the money to study the stock, option, mutual fund trading method.

Then I would recommend Option trading.

Answer 8

ISA will allow you to invest £3600 per tax year. Bonds tend to offer the best interest rates but most are for a fixed period (you are penalised for withdrawing within the fixed term). Online savings accounts offer the best interest rates for accounts which aren't fixed i.e. notice accounts or instant access.

I can;t really comment on any other types of investments