Author Topic: How do you invest small amounts (~3000GBP) in the UK?  (Read 970 times)

Drifter

  • 5 O'Clock Shadow
  • *
  • Posts: 2
How do you invest small amounts (~3000GBP) in the UK?
« on: November 30, 2014, 02:30:47 PM »
Let's say that, despite a very low paying job, I've saved enough money that I've got my 3 month's expenses emergency fund covered, and 3000GBP spare. What's the best return I can get on the money? Assuming I don't need to touch it for 5 years and I live in the UK.

Thanks very much for your advice! :)

daverobev

  • Magnum Stache
  • ******
  • Posts: 3289
  • Location: UK
Re: How do you invest small amounts (~3000GBP) in the UK?
« Reply #1 on: November 30, 2014, 04:10:42 PM »
Cash ISA with the best rate you can find. Try Nationwide, they are still a true building society.

Investing is generally longer time horizons than 5 years. You could, however, put some into ETFs. Hard to do with a smaller amount as you only want to buy one or two.

VEUR.L is one I'd look at, as it is all of Europe (inc UK). With someone like iWeb Sharedealing.

But yeah, if you can't afford  lose a chunk of it in the short to medium term, cash ISA.

Drifter

  • 5 O'Clock Shadow
  • *
  • Posts: 2
Re: How do you invest small amounts (~3000GBP) in the UK?
« Reply #2 on: December 01, 2014, 12:10:03 PM »
Thanks for your reply, daverobev. I already have most of my money in a cash ISA, so I'm glad I'm not missing out on any better options out there. ^_^