I take £500 and make as much money from it as possible by JUNE 2013....

[EskiBOY]

The lottery? - extra tax for dumb people.

lolol, OP in all honesty that money isn't enough of a bankroll for any of what you mentioned and their odds; your best bet would be putting it on red and hoping for the best.

[Repwhisperer]

clifss on how to go about doing this please

- Here in the US we have investment vehicles like 401k and SRAs (employer-driven) or IRAs (individual driven) that allow you to invest pre or post-tax income in a retirement account. I would imagine in the UK you have something similar. Many decent employers match contributions up to a certain amount (for example, mine matches contributions of up to 3% of my annual salary). Those funds are typically used to purchase mutual funds, stocks, bonds or other investment vehicles. There are generally penalties for withdrawing money from these accounts prior to a certain age due to the tax benefits you receive by using them. If you prefer liquidity, another option is to open a money market account at a brokerage and direct the brokerage on how you want them to utilize the funds as they become available.

- Patience and discipline are the name of the game with investing. The most important thing you can do as a young person is to start investing as much as humanly possible and taking advantage of compounding returns. I suggest you look up "compound interest" and look at how important and powerful it is to start putting your money away at a young age. The easiest way to do this is to have your employer or broker (depending on what kind of method you are using) deduct what you want to invest directly from your paycheck. That way you never miss it in the first place. Like I said earlier, go with 10% of your annual income as a baseline. If you can't do it start cutting some of the bull**** expenses out of your life to get there. brb 3 years later and you have 50 g's in your retirement account.

- The first person I went to was my father. It doesn't matter who you go to, but I would suggest going to someone who you respect to ask them how to go about setting up your future and ask them to recommend a broker. Stay away from getting advice from people your age. There are too many young brahs out there who are pissing away their future living above their means and not saving enough money in their prime compounding years, and then they wonder why they have to work until they're elderly and/or rely on social safety nets for their retirement.

[jro9999]

Op your chances of winning the lottery are less than a million to one

The chance of hitting red/black on roulette is slightly less than 50% due to the house odds

You would be better off putting your entire bank roll on one spin of roulette, srs

Sports betting is tough as fukk because the ppl who set the lines actively want the public to bet on both sides so that they avoid having to pay out and lose a lot of money, so again even sports betting despite whatever system you might think of can be very difficult to win over 50% of your bets

To be honest I'd stay away from betting/gambling completely because they're both designed in ways to make you think you can win money when statistically speaking very few people consistently win

[Bandah07]

Don't invest in premium bonds OP, the actual payoff is not worth if your only putting in ~ £400.00 in for 6 months, statistically your won't win anything, you'd be better off buying £400 lottery tickets.
check out http://www.moneysavingexpert.com/savings/premium-bonds for a better explanation

Sports betting is not really worth it either.

If I was you I'd do a bit more research of stocks and shares.

I've got arround £12,000 worth of shares in major ftse 100 companies and in the last two years I received £500 dividence and my shares are up 1,200 pounds.

Once I finish my exam next week I'll be looking to invest in ftse 250 countries, seems a better investment than ftse 100 companies at the moment. (might be worth investing in tesco as well)

[magog704]

seems legit

[DP197]

Don't invest in premium bonds OP, the actual payoff is not worth if your only putting in ~ £400.00 in for 6 months, statistically your won't win anything, you'd be better off buying £400 lottery tickets.
check out http://www.moneysavingexpert.com/savings/premium-bonds for a better explanation

uhh what?

If he gets premium bonds he will still have £400 at the end

If he buys £400 worth of lottery tickets he's likely to end up with £0

Great logic.

[EssexBrah]

Should use that £500 to set-up a "Herb grow room" flip that £500 into thousands in just a few months.

This is all hypothetical obviously and i clearly have never done this...

[Agentdark45]

Bumping to see if op is bankrupted yet.

[Tzaddiq]

I predict a 400 pound loss on investment.

[Reza21]

Bumping to see if op is bankrupted yet.

UPDATE:

CURRENTLY GOT £200 IN SILVER SHARES;



CURRENT LOSS OF - -£2.99

BOUGHT £10 WORTH OF EUROMILLLIONS TICKETS...friday 4th draw;



blew £20 on instant win games on the lottery website;



won £10 on the first game then lost it all...


CURRENT FUNDS = £463

[MazzaG]

Can't believe I subbed this thread it's been my worst decision of 2013 so far.

[TheCrow45]

If you do get into the eBay game I recommend using sites like alibaba and dhgate if you want to sell mobile accessories. I bought 50 blackberry silicon cases for £28. Made £22 profit

[DP197]

If you do get into the eBay game I recommend using sites like alibaba and dhgate if you want to sell mobile accessories. I bought 50 blackberry silicon cases for £28. Made £22 profit

lol @ £22 profit. hardly worth all the effort

[EssexBrah]

The only problem with an honest buck is they're so hard to make - the margins are too low, too many people are doin' it - Yuri Orlov, Lord of War

gotta get on dat dere illegal time nomsayin

[Broteins]

OP should use the £500 to start a business providing investment advice...

I would surely pay handsomely for his profound insights...


no srs

[rodneytrotter]

if you want to make a bit i suggest matched betting, check out this article http://www.guardian.co.uk/money/2010...e-bets-bookies

I did this last summer and made over £500+ could of had more. IF you follow the terms the websites say and be careful(for example some sites say you need to bet over evens) its 100% risk free and 100% legal to make money quickly.

http://www.freebets4all.com/ all the information is on this site and it currently says there is £1,833 worth of free bets to use.

[hewhodar3s]

Starting to wonder if OP has a gambling problem!

[briggslr02]

Put 500 on Barcelona to beat Espanyol at 1/11

easy £45

[hewhodar3s]

UPDATE:

CURRENTLY GOT £200 IN SILVER SHARES;





CURRENT FUNDS = £463

Is it as simple as selling it for more than you bought it? Surely that must be too easy?

[Broteins]

Is it as simple as selling it for more than you bought it? Surely that must be too easy?

Yeah Brah! It is just that simple! So simple that OP is down £37 already!

[MarcusBrowne]

martingale system on roulette hth

[Reza21]

Is it as simple as selling it for more than you bought it? Surely that must be too easy?

the principle is that easy...making money from it is not

[J1992]

As others have said just blow like 300 bucks on red/black. You aint winning sht with the lottery.

[Reza21]

if you want to make a bit i suggest matched betting, check out this article http://www.guardian.co.uk/money/2010...e-bets-bookies

I did this last summer and made over £500+ could of had more. IF you follow the terms the websites say and be careful(for example some sites say you need to bet over evens) its 100% risk free and 100% legal to make money quickly.

http://www.freebets4all.com/ all the information is on this site and it currently says there is £1,833 worth of free bets to use.

hmmmm intredasting

[rjmwx81]

Got £500 xmas money, instead of chucking it into my ridiculously low interest rate ISA account, I've decided to actively 'make my money work for me'.

CURRENT FUNDS = £463

OP "puts his money to work"...loses 7.4% on the first day. You might want to fire your money, OP, it's not working for you.

[Reza21]

OP "puts his money to work"...loses 7.4% on the first day. You might want to fire your money, OP, it's not working for you.

its a marathon not a race....rome wasn't built in a day.....a 1,000 mile journey starts with just 1 step.....op is a ******* ..wait, wut

[Broteins]

its a marathon not a race....rome wasn't built in a day.....a 1,000 mile journey starts with just 1 step.....op is a ******* ..wait, wut

LOL a marathon is a race...I believe the word you are looking for is sprint...

[hewhodar3s]

Yeah Brah! It is just that simple! So simple that OP is down £37 already!

Yeah I see what you mean, I just thought it would be slightly more complicated. But as soon as it goes up beyond what he bought it for he can sell them and regain all his money + a little on top...

[Sakeoe]

So is that http://www.plus500.co.uk legit?

Im interested in trying out that demo mode to see how this works but is it just a scam that makes you win alot of money in the demo so you try it with reall money and lose it all?

[Reza21]

So is that http://www.plus500.co.uk legit?

Im interested in trying out that demo mode to see how this works but is it just a scam that makes you win alot of money in the demo so you try it with reall money and lose it all?

yeh, read the reviews about it on google...legit site. There's no scam with trading, they highlight the risks before you play...demo is like real life