if you had 20k what could you do to invest it and make more money?

[dj_russell]

so what could someone possibly do to to invest and eventually make more money or possibly own buisness on top of already owning another buisness that you can jump in and out of when one gos quiet etc?

interested in some advice.

cheers
jim

[Jeff]

Some good 3 year bonds about...or
Easy acess with A&L @ 3.15%
Then again.. buy my old CS for 1300 and get 2k in a few tears??? (years)
Or buy my UK WRC for 5K and see what you get in 3 years? or 2 ... or 1

[dj_russell]

its not for myself its for my dad, weve been trying to think we both are cctv engineers i work for him so its his buisness were extremely busy at the minute and within inches one of the biggest contracts of our lifetimes for a major retailer which is big money weve pretty much got it because we are good at what we do and because of our personalitys in general, its a massive turn around though tbf it wasnt long ago we had nothing as with everyones buisness at the minute are in the same situation, works hit the roof though within the past month or 2 and especially this few days its just all been worth the hell over xmas.

anyway my dad has had this idea for a long time i think its more for him as hes coming onto 50 now hes always wanted an ice cream,burger,butty or donut van or trailer. him and his gf have got 20k to plough into something he doesnt want to give up the game as he loves his job but i think hed like to do 2 or 3 days a week doing this leaving the rest to me and have his donut van for the rest down in our caravan area in wales or seasonal and events and then when theres no work hes still got an income and i join in with him and possibly even while we are out at work my dads gf running whatever van etc...

hes enquired everytime we grab a bacon and egg baguette at the vans at work etc....also the ice cream van idea for down the beach and enquiring about pitching etc....

what does everyone make of this idea is he mad or is it a good idea?

i was thinkin jewelry or antiques but you need to know what you are doing.

[dj_russell]

ps the donut van guy said on a good day he can take £750 for the day and on a really bad one £200...anyone on here an icecream man or work in a butty van etc??

[madgaz]

Congrats on the business doing well. The place I work for has made 3 redundant a couple of weeks ago leaving 4 of us so times are hard for a lot...glad tyou're doing well though and fingers crossed for the new contract.

As for the Doughnut van...fatties like Chris, Paul, Karbon and Myself can NEVER resist a fresh, warm, sugared doughnut and I never buy 1 at £1.50 or what-ever they cost...I always go for 5
I guess the van/trailer idea is good...every show needs 1 or 2 and every van always has custom.
Just done USC @ Santa Pod with work the weekend just gone and the Pizza trailer always had a queue

[dj_russell]

haha im the same mate sos my dad hes 2 of most men together himself.

its looking promising but as i say it was a completely different place by the end of last summer, i had to sell my beloved mg zs 180 thatd id spent loads on thats how bad and i was sat at home all day fed up and gutted.

its all worked out for the best though in the end and ive got one of my dream cars the faff.

i feel sorry for anyone whos loosing their job at the minute its not nice having no money, but all the work that gos down at the minute it seems companys want more work doing for less money this is what drove my dad into going for a contract on his own, sick of late payments and stupid time scales a 5 day job done in 2 and for less money lol all for the company we contract to.

[ChrisW]

Being electrically minded, has he considered electrical maintenance for local companies/housing associations? It tends to be busy over the Xmas period due to fittings etc not being used much during the summer, and the summer is busy with air/con servicing

HTH

[The Doctor]

If I had 20k spare I would invest in property or shares.House prices are pretty near the bottom,the same goes for the stock market.The housing market and the stock market are pretty much the same(boom and bust) so if you prepared to wait there are easy profits to be made.House prices will eventually go up again(could be next year or 5 years but this country has a serious lack of housing that gets worse every year so prices will hit the heights again some time in the future.As to the stock market I would buy some utility shares(gas/water & electric) because we all need them and you can bet your bottom dollar the sods will rise their prices year after year.Also remember that shares like utilities pay big dividends so just owning the shares will pay you a yearly sum(more than you get from a bank or building society).

One final tip.Do not buy any Tottenham shares as they tend to buck the trend in regards to boom and bust.They seem to stay at a constant bust state,trust me I own 50 shares

Could be worse,they could be Newcastle shares

[ChrisW]

One final tip.Do not buy any Tottenham shares as they tend to buck the trend in regards to boom and bust.They seem to stay at a constant bust state,trust me I own 50 shares

Could be worse,they could be Newcastle shares

If/when Ashley sells, they will go up in value, and again if Shearer takes managers job. As it is, farmers are using them as fertiliser

[The Doctor]

  ;

Saying,that I hope like hell they get themselves up this season

[ChrisW]

Guarantee you 6 points next year?

[Jeff]

OK ... with 20K I would buy shares in NEWCASTLE....TOON Toon Toon toon doon

[madgaz]

OK ... with 20K I would buy shares in NEWCASTLE....TOON Toon Toon toon doon

Would you not rather buy your local Jeff...?

[Jeff]

They are asking 750,000 ?
I need a new tank first

[dj_russell]

chris w-i think your idea sounds good.

the docter-they wouldnt do shares deffo not although it can pay off for some people my uncle knows too well what can happen he lost everything after he closed down his car garage when his partner in the busness died he ploughed all his money into shares with no job and just sat by the computer i think day and night thinking it would pay off, he had to sell his own tvr tusken which was 3 months old hed bought it brand new in the end and all his sportscars money from the buisness. hes now a trainee electrician with a standard poverty model mk5 golf. so it can go extremey wrong on the stock market and he was up on everything day and night he lived it thinking he could end up a millionaire and it went horribly wrong which is a shame. as he has owned pretty much every tvr going everytime a new one had come out and gone down in the ranks bigtime.