Investing and Funding Empire

Gwadien

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Right, following on from the £2K I have in my bank account but cannot spend, I'm looking to invest it being able to take it out in around 18 months, so if anyone is wise on this subject I'd appreciate it.

I'd be pretty cool to have it fool proof and as safe as it possibly be, one that was suggested to me (Which I've put £300 into the 'bank' of) is Funding Empire, it's a website where you 'crowd source' loans for companies, and they pay you back monthly over a period of 12/18/24/30/36 months (You chose how much you 'give' and how long the loan is for.

It's pretty much fool proof (So I've been told) because there are companies on there that have their companies backed up by properties and such, so if the shit does hit the fan, the priority (Apparently) is getting your money back ASAP.

As I say, I'd appreciate any advice, on both if possible.

Cheers.
 
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Gumbo

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Funding Empire and sites/companies of that ilk completely contradict your safe as it can possibly be part.

Safe is only in a bank account, preferably an ISA so it stays tax free. The UK Govt backs all deposits up to £85,000, so your 2 grand is always safe.

Of course you'll struggle to find an interest rate which keeps up with inflation.

If you lose the safe as it can possibly be part, then you've got tons more options, but as potential rewards increase so do potential risks.

If it's money that can be played with a bit, personally I'd go for a stocks and shares ISA. I couldn't recommend a specific company, as that would be entirely against FCA rules. But I just helped my Ma with some forms from those nice folks at Artemis.
 

Gwadien

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I thought ISAs had so little return it's more or less pointless?
 

Moriath

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I thought ISAs had so little return it's more or less pointless?
Stocks and shares isa means you invest the money in the stock market but have a tax exempt wrapper around it. So your investment could go up and down. But you wouldn't pay tax. However your a student with less than ten k income so you don't pay tax anyway. Standard cash isa gives crappy interest as does much of what you could do with two k and get a reasonable return.

Try looking for a fixed term bond is about as big a return you will get. Or buy premium bonds and hope you win the jackpot.

Loaning your money isn't particularly safe and companies can always go bankrupt. And if there are debts I'm sure there's a lot of people to be paid before you in the queue from the administrators.
 

Chilly

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Fixed term savings bond is what you want. Those crowdsourced sites are no good for that size of bank. You need to lend to hundreds of companies and spread the risk before its anywhere near your "as safe as can be" criterion.
 

Moriath

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Fixed term savings bond is what you want. Those crowdsourced sites are no good for that size of bank. You need to lend to hundreds of companies and spread the risk before its anywhere near your "as safe as can be" criterion.
Kinda what I said lol
 

Raven

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Go to the casino and stick it all on black.
 

Himse

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Have you ever looked into currency trading?

It's more of a risk but you can make a fair bit of cash if you study markets.
 

Gumbo

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OOh, use some of it for matched betting. See the thread on here somewhere. You could get well underway with that for just a couple of hundred.
 

Vae

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Whatever way you look at it if you absolutely need the money back in 18 months then an ISA or savings bonds are the only options without risk. After that it's just a question of how much risk you are willing to accept.
 

Gwadien

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Giving Matched Betting a quick go, see what happens there, seems a pretty good idea, just need to wait until Monday to get my 0.07 loss, then I have the 'free bet.'
 

Gwadien

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Just thought, if I'm getting this right ( I followed a automatic guide thing which pretty much did it for you ) if the match draws.. you're fucked, right?
 

Moriath

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You went for betting after saying you needed it safe. Oops
 

Bodhi

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2k gets you a decent amount of Coke and Hookers.
 

Gumbo

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Just thought, if I'm getting this right ( I followed a automatic guide thing which pretty much did it for you ) if the match draws.. you're fucked, right?
I have no idea of the ins and outs of this particular transaction(s). but no, not if you read understood and followed the guides that are out there.

You have to back and lay the same bet. ie, back a team to win, and lay for them not to win. You don't back one team to win and then back the other team to win, or you do leave yourself open. Only enter this if you absolutely positively and definitely understand how it works.
 

Gwadien

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I have no idea of the ins and outs of this particular transaction(s). but no, not if you read understood and followed the guides that are out there.

You have to back and lay the same bet. ie, back a team to win, and lay for them not to win. You don't back one team to win and then back the other team to win, or you do leave yourself open. Only enter this if you absolutely positively and definitely understand how it works.
http://www.savethestudent.org/make-money/what-is-matched-betting.html

I found this, which pretty much tells you how to do it.

But I'm confused to what happens if there's a draw.

@Chilly enlighten us.
 

Gwadien

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Lay means not win. So it can be a draw or and lose to get a result on that.
Ah okay, then, cheers.

As I say though - There is a useful guide on there for like 5 odd bookies which tells you what you need to do, and doesn't require you to work anything out.
 

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