What are the best ways on how to invest £1000 A complete advice guide UK.

Woo-hoo congratulations! You’ve got £1,000!

That’s great Adventago but what should you do next?

Today I’m going to share with you 8 of the best ideas for how you can invest £1,000 so that it can work for you and help you achieve some of your future goals.

It’s not too difficult to make £1,000 especially if you’re leveraging the internet and you’re selling products or services that don’t require you to always be there.

However, once you’ve got that £1,000 saved, most of us get protective about it, we leave that money in our bank accounts, or dig a massive hole and bury it in the garden, this can sadly lead it to being lost, stolen, or inflation eating it away.

How should you invest your money in a way that money does the work for you and improves your life?

Let’s dive straight into what are the best ways on how to invest £1000. A complete advice guide in the UK.

Number one and I know you’ve all heard it before but it’s very important and that is…

1. Invest in yourself.

Your brain and body are the most important assets that you have in your life, by investing in yourself, I mean, focusing on your personal development.

For example, doing some specialist courses to move forward in your career, doing some external learning around languages or things that will add value to you, to help you become more productive, creative, and valuable so that you can create more money over time.

£1000 goes a very long way towards helping you do that, for example, things like buying books.

Dan Lok has a bank account called his education fund, he allocates a part of his money into that fund, so when something interesting catches his eye that could help him excel in his company he can buy it no matter the cost.

Reading for me has been the most life-changing hobby I’ve ever taken on, in fact, I wouldn’t be doing this if it wasn’t for the books I have read on my journey, investing in yourself is by far the best way you can invest a thousand pounds.

2. Invest in a coach.

There are many people out there who are coaches and it’s for good reason because what a coach does for you is 2 things.

• A coach helps you get to where you want to go a lot quicker.

You’re not spending a lot of time making mistakes, which is often costly and depressing, if you find the right coach, they can give you a massive boost and hand you the answer you need to the problem you’re trying to solve, also they can help you get unstuck.

• A coach is great for building relationships.

Those people have been on a journey of self-development themselves, if you know someone who is amazing at a particular thing, they might be the right person to invest £1,000 in or up to a thousand pounds in whatever it is they’re charging because, you’re not only getting to solve your problem, but you also get a relationship, which might last a lifetime, and that might open many doors for you in the future.

3. Invest in index funds in the stock market.

An ETF stands for an Exchange Traded Fund, index funds and ETFs are a low-cost way to gain access to the stock market that differs from investing in an individual company.

The difference is an index fund, or an ETF helps you to reduce risk massively because rather than putting all your eggs in one basket, you are investing across a broad range of companies.

Typically, my recommendation will be to invest in an index fund that tracks a broad index, an index is a list of companies.

When you hear things like the S&P 500, it’s a list of the 500 largest companies in the American equities market.

In the UK we have things such as the FTSE All-Share Index, which is a broad list of companies, whether it’s the largest, the FTSE 100 or the FTSE 250 and smaller companies, the FTSE All-Share Index includes a broad range of companies.

When you invest in an index fund that tracks that particular index, it gets invested in a piece of all those companies, the best part is you don’t need a ton of money to do this.

You could try investing £300 or £1,000 and you can do it gradually to make sure you are learning the process and observing how things work.

The good thing about investing across a broad range of companies is if one company doesn’t do well, a bunch of others would still be doing well, and over time, the research shows that you will have a good chance of generating a nice return.

Usually, the market’s return, typically in the range of between 10% on average per annum. This is what the research has shown over the years.

4. Invest in dividend-paying stocks.

The risk with investing in individual companies is that you’re putting all your money in one company, even if you’re investing to generate dividends, the risk is still there. If they don’t perform well you could lose all your money

The key is to focus on blue-chip companies, these are large companies, that tend to have less volatility because they’re so big in terms of their market capitalization, you tend to find that such companies stand the test of time, and so blue-chip companies that pay dividends are a great option for investing 1000 pounds.

However, I have something awesome to share, you can still have diversity and dividends, by investing in dividend-paying ETF’S, these are a pool of companies that all pay dividends, so you get the best of both worlds.

If you would love to get the whole package, then I highly recommend TastyWorks, from a sophisticated trading bot, to multiple cryptos you can buy from, to a place where you can earn cool cash bonuses TastyWorks has it all!

The fees are low, the investing platform can tailor for beginners, amateurs, and even professionals, and the customer service is fast to respond to your problems, I couldn’t ask for a better platform.

One thing that annoys me the most with these types of stock brokerages is that there is no transparency, and their documents are impossible to read.

However, the great thing about TastyWorks is that there are real names and faces behind this stock brokerage and their legal documents are clear and understandable.

5. Peer-to-peer lending (P2P).

Peer-to-peer lending is interesting because it’s been growing quite rapidly, within the last decade, what’s interesting about it is that when you invest in P2P, (Peer-to-peer) you’re lending money for projects to a company or business.

What they tend to do with that money is to go out and do things like property investing, what you technically have, is that the thing you’re investing in is a loan with fixed terms that generates you some form of interest over time.

What’s unique about peer-to-peer lending is that it sits between the savings you have in your bank account in terms of risk and investing in individual companies, such as investing for dividends in a specific company.

It’s not as risky as investing in an individual company, but it’s not as non-risky as leaving money in a bank account.

At least you are getting some form of return by peer-to-peer lending to compensate for things such as inflation, which eats away at your money if it sits in a bank account doing nothing.

There are many platforms in the UK that give you access to these opportunities to generate returns in some cases up to 10% per annum which is fantastic when you think about it.

6. Invest in a pension.

A private pension in the UK usually referred to as a SIPP, which stands for a Self-Invested Pension Plan, is a brilliant way to invest your money.

Because usually when you put your money into a pension, such as a private pension, it’s a tax-efficient environment.

What happens in the UK, when you put your money in, if you’re a basic rate taxpayer, the government gives you back the tax that you paid before you generated that net income that you paid into your pension.

Imagine you’ve got money in your bank account from your salary, it goes into your bank account, and then you say, “Okay, I’m going to put some money into my private pension, into my SIPP.”

The minute you do that, the government gives you back the tax that you suffered, for example, if you put £1,000 in within a month or so you should get £250 back into your account.

You’ve suddenly gone from 1000 to 1250 Pounds, the real cost of investing that money, putting that money in really is 750 Pounds.

You are quite ahead already, if you’re a higher-rate taxpayer in the UK, you can also claim another 250 Pounds.

You go from putting 1000 Pounds into, ending up with 1500 Pounds, and this is before you’ve even invested that money within your pension environment, and once you invest that money, the returns that you generate are again, tax-free.

7. Invest in a business or a side hustle.

I love side hustles in fact I’m doing one right now! They have completely changed my life, the fact you’re reading this is a good example of how a side hustle can work out.

I started my company Adventago.com with less than £300, and I’m doing pretty good for myself.

It’s taken a lot of work, make no mistake, but the thing is the capital that was required to get going in order to create something that generates an income over time was very little.

Businesses and side hustles are an amazing way for you to invest 1000 Pounds, if you are interested in ideas for how you can start a side hustle or business.

Click here and read my post called:

And

These are practical ideas. I have explored a lot of them, you can take some of these ideas, and get started right now.

The key is consistency, it’s not the money, it’s more the consistency, putting in the time periodically,

8. Paying down some debts.

Most of us have debts, credit card debt, student loans, mortgages, or you owe a friend some money you forgot to pay back.

£1,000 can go very far in the same way that you might generate dividends from investing in shares or index funds or ETFs, which can compound and grow over time, interest on your debt, also compounds and gets worse over time.

Because the debt grows over time when interest is added and late payment fees, commit your 1000 Pounds towards paying down debt, whether it’s focusing on the most painful debt.

For example, credit card debt is notorious for having high-interest rates, focusing on a credit card debt, for example, and paying that down with your 1000 Pounds is a good way to guarantee a return.

Because what you’re doing is essentially saving a ton of interest, you could also commit it to overpaying on your mortgage, which is one way without a doubt, you can work towards the goal of financial independence.

There, you have it my lovely Adventago family!

I pray you all have a happy day, and I will see you in my next post, don’t give up on your dreams, and bye for now.

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