�5000 to invest.

[AniaSM]

I have �5000 that I want to invest for either 6 months or maybe a year. Does anyone know how I can use it to make the biggest profit?

[fastwalker]

If you are looking for a guaranteed return, with no risk, I would put it in an ISA.

[fastwalker]

If you are looking for a "bigger" profit... u might want to dabble on the stock market [however you will increase your risk]. The other high risk alternative with potentially huge returns is purchasing lottery tickets.... each to their own

[AniaSM]

I don't mind a little risk...

[Naomicorlett]

buy premium bonds. You will keep your capital and any wins are tax free. you can auto re-invest so all your winnings buys more bonds automatically. You might not win anything but should (possibly) get 4 or so prizes of �50 equalling 4% tax free. AND you might get a million !!

[New Judge]

Get a cash ISA with �3,600 (the maximum). You can get about 6.5% tax free if you look around. This will give you about �230 in a year.

Put the rest in a fixed rate bond (either 6 months or a year. Again, you should be able to get 6.5%, but the interest will be taxed.

If you go for any cash investments like this (as opposed to the more risky shares option) then go for fixed rate deals. Interest rates are due to fall in the next 12 months.

[Marg0]

Just in my honest opinion.............................


Open an american online share trading account (very easy), or a UK one like Barclays if you prefer.

Learn all you can about oil stocks, particularly

http://quote.yahoo.com/q?s=slb

and WFT, BHI, HAL

for SLB, wait til it drops back to 80-95 range, then put about half your money in. Sell it when it goes up to 140/150, in about 7 months. That's quite a good return for little risk.

I quadrupled my money on SLB once, it is a very nice stock and still underpriced.

All just my opinion, however. Good luck.