What is the best way to invest about £10,000?

Question

I know nothing about how to invest. I am 19 years old and i would like to invest around £10,000. Please no ideas regarding 'interest' since it's against my religion to accept 'interest' money.

I would like little to no risk.

Answer 1

Buy a life insurance policy on the oldest person in your family

Answer 2

You can't totally eliminate risk when investing. You can only manage and limit your risk exposure. If you are looking for a low risk managed forex program, go to http://jsforex.blogspot.com

Answer 3

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Answer 4

If you want little or no risk and cannot accept interest you are limiting your options to almost keeping your money in a jar in the garden.

I suggest you look at a bond fund from one of the big players in the mutual fund market.

To find these contact deVere and Partners, the worlds largest offshore investment advisory and ask them. They are able to give you a good number of options from which to select and help you with advice that you can understand. Stay away from small players in this stuff, the big guys are big for good reason, they are good. A good bond fund should appreciate by somewhere around 7 - 10% pa and when you want to take your money out, it normally is available within one month.

Good luck, Jackson.

Answer 5

Define your meaning of interest.  If you leave in a saving account would that be wrong.  Is it against your religion to  gamble?

Stocks are a gamble.

Real Estate goes in value because of desirability of someone want it.  Desirability increases as other area of finance decreases.   Any collectible value is based on rarity and desirability.  

Just a thought, interest is payment for letting someone holding your money , while they( the holders) make more money then they pay out.