What to do with a small sum of money?

[extraT]

I find myself in a fortunate position to look at “investing” a small sum of cash, anything up to €2000 (euros because I’m in Austria).

I was thinking of the usual stocks etc… (not interested in crypto), but then had another thought about physically buying something that will appreciate e.g physical gold, diamonds etc…

I when I realised I’d be in to rush to sell (no time limit, would only need to sell if I need disposable cash, which won’t be anytime soon), I though why not look at gold/diamonds etc…

Any thoughts / alternative ideas welcome.

P.S: some will be put on red.
Coke and hookers aren’t an option… no matter how many times I’ve tried to convince the Mrs

Cheers,

ET

[Spare tyre]

Personally I’d put it in something I can enjoy and make / loose a little when selling on, or overpay a mortgage if you have one

I appreciate its not what you asked! Cheers

[minimalist]

Spend it on your wife. Bring her on a holiday or buy her something she always wanted.

[hurstg01]

minimalist said:

Spend it on your wife. Bring her on a holiday or buy her something she always wanted.

This

It'll bring bigger rewards

[anonymous-user]

Depends if you’d ever want to turn it back into cash or not.
What about a nice painting for your house, you’ll get pleasure from it daily.

[StevieBee]

A quick look suggests that Gold has increased in value over the last 10 years by 35% but hasn't really done much since 2020 other than drop a bit before coming back up to 2020 levels. The trajectory seems to have flattened a bit.

Many European cities offer the opportunity to invest in e-scooters - those ones the City Authority leave for those who subscribe to use. I can see how this might work quite nicely for a modest investment.

[Magooagain]

As others have said. Spend it on the wife.
How about popping down to Garda and Verona for a nice holiday.

[extraT]

Holiday etc… is already planned, so I’ve earmarked this amount to invest / but something fun with that will appreciate with time

[Magooagain]

extraT said:

Holiday etc… is already planned, so I’ve earmarked this amount to invest / but something fun with that will appreciate with time

How about a small amount here for starters. Not an investment for profit but an investment all the same.
https://lendwithcare.org/

We have a rolling amount that continually gets re invested.

[996Keef]

Clio 182

[konark]

Pay your gas bill.

[Percy Cushion]

If you want to invest regularly in gold, even if small amounts, have a look at BullionVault.

For your current situation, I agree with the others, treat yourself and your wife and make memories, those are priceless.

[Super Sonic]

Tank of petrol.

[Whoozit]

Alternative idea, buy some fine wine and keep it with the merchant "in bond". £2k will buy some good stuff which has a history of going up in value. Perhaps buy 2-3 different wines to spread your risk.

Wine investment has the advantage of attracting no capital gains tax. CGT liability management is admittedly a nice problem to have.

[nunpuncher]

I'd be more likely to spend it on scratch cards than on my wife.

That either says a lot about me or possibly even more about my wife.

[The Leaper]

Magooagain said:

As others have said. Spend it on the wife.
How about popping down to Garda and Verona for a nice holiday.

Ditto. We love Verona, Been there four times and looking to go back again next year.

R.