I have just inherited a small amount of money 3k and i cant afford to lose it.......?

what would be the best investment to get a quick return?

I was thinking more along the lines of stock market...

If you inherited it, you can afford to lose it. And due to that, I would suggest you just go out and buy some GS stock. That's the symbol for Goldman Sachs. They aren't going to let you lose your money, as it would hurt their reputation. And they don't want that to happen, as they enjoy being considered the best of the best investment firms.

Having said that, I would watch their stock price to see if it is as low as it's going to get, which I personally believe it is. Even if it went lower, it WILL go back up soon enough and you'll be happy you bought it.

I don't own it. But I did back in the summer. It immediately went down so far to where I would have lost around 30,000 dollars if I had sold it. But I kept it, and it went up to where I was able to make about 4,000 dollars on it. GS is a solid company.

But that' just my opinion. I might be wrong. And there are literally thousands of stocks to buy. You probably wouldn't do bad by buying a bank, in about a month from now, but not now. Wait until they go down some more. I like WB, once it bottoms out.

Or you could just buy an oil company like XOM, CVX, or COP. I happen to like CVX the best. That's Chevron. I just like the fundamentals on it the best. But others might know more about oil stocks than I do.

If we invade Iran, buy Haliburton. HAL

Note: What the guy above me wrote makes good sense too!

If you can't afford to lose it, stick with a CD or money market fund.

Savings account in the bank of England, that shouldnt go bankrupt for a while.

lol

and it will get interest!!!!

Safest bet is premium bonds, to be honest... but not a quick return but you never loose your money! www.nsandi.com =) Princess Lola x

cd or money market account is the safest. Returns are lower but it is 100% safe. 6 month to x years. you name how long you want to keep the investment before you can withdraw your money.

Go and speak to a financial adviser..... They are free and really good at what they do.

ISA's. Best interest rate but there is no quick return.

Whatever you do, don't blow it on lottery tickets.

to make money the trick is to invest it LONG term..3k isn't that much to banks to be honest.. they treat me like rubbish even though i've got a bit more..

you won't get a quick return really , best thing is to put it in the bank and forget about it.. in a high interest account or a PEP or ISA etc. but thats like 5 years for that..

You only get a really good interest rate with either long term investments or high risk ones, like shares and bonds. Best bet is to shop around for the best ISA deal, you can always get your money back fairly quickly if you need it.

As others have said, there is no easy or fast way to make 3k grow, the best thing is to invest in a long term high yield account of some type, any bank would be happy to advise you as to what their Bank offers investors. Good luck with it all.

Put it in a nice safe bank account.

On no account donate it to the Labour Party!

shares in manchester united f.c.

a hooker

If you can't afford to lose it, you can't afford to gamble with it so any investment backed up by stocks and shares is out. There are schemes that 'share' the risk but the trade-off is that you share the returns too.
Similarly, any investment that fails to keep pace with inflation is out (you need to look at the rate AFTER tax is deducted) because you will lose more value the longer it is invested. Money market investments via your bank are likely to be pretty good but the interest will be taxable so it is not as good as it first seems.
Your best bet is probably a tax-free investment such as an ISA or some of the savings certificates offered by the post office. If you might want access to your money at short notice, then an instant access ISA might well fit the bill. Shop around for the best interest rate (probably between 5% and 6% but look for strings attached at the higher end). You can put the whole 拢3,000 in a mini ISA this tax year. It is not exciting but it is a reasonable rate of return for a safe investment.

You generally do not invest to get a quick return. If you want to put money in stocks it should be in money you will not need for 5 yrs are more. Buy ticker symbol SPY, open an account with sharebuilder or scottrade, and you are done.
Otherwise, just put the money in a CD or high yield money market like ING Direct.

Buy Citibank. Dividend is 6.5% right now which means that citibank will pay you 48 dollars 4 times per year. Plus I think Citibank will go up at least 30% in the next 6 months. That will give you 3900 + 2 dividend payments of 48$ giving you almost a 1,000$ return.

If you really want something that will give you a chance to make more, try NFI. You might triple your money in that in 2 months, but its risky.

Or you could just look for penny stocks.

That 3k isnt really going to make you much money in the short term though unless you are lucky.

Hey
I got 27.5K three years ago from an accident I was in. Its now down to 3.5K!!! I blew it all on rubbish & I dont have anything to show for it at all. Whatever you do, DO NOT TOUCH the stock market if you do not want to lose it, you can never guarantee that the company isnt going to lay off a few jobs or something that would cause people to sell shares & its not really a way of getting a quick return.
You are better off sticking with a savings account but shop around for the best rate of interest. It may not get you quick returns on your money but it definitly is the safest.
Also, put a block on taking money from the account as you may get tempted to go on a spending spree!!
I hope this helps & best of luck,
Anthony

If you cant afford to lose it then I wouldn't even contemplate the stock market. Stick it in a savings isa or something similar. A small profit on it is much better than losing some or all of your originally capital. Whatever you make on 拢3,000 isn't going to make you a millionaire, so better to be safe than sorry. National Savings have the best interest rate at the moment.

You have just inherited 拢3,000, you can鈥檛 afford to lose it, but want to invest in the stock market? As a result of the constant volatility (particularly right now) a stock market investment would be inappropriate for someone who cannot afford to lose any of their investment, particularly if a quick return is desired. Anyone who makes and investment into the stock market should at least be prepared to lose some capital and should expect their investment to remain invested for some time. Depending on your thoughts in response to this, I would give some serious thought to the timescale you have in mind and how much you are prepared to risk; only then can you really make the right choice on the type of investment. As a side issue, a Cash ISA with National Savings & Investments is currently paying 6.30% interest (DIRECT ISA).

Disclaimer:
The answers above are for guidance only and should not be acted upon without you receiving independent financial advice relevant to your circumstances. To find and IFA please call 0800 085 3250 or go to http://www.unbiased.co.uk.