What to do with £10,000 pounds

Shifter_Hull · 20 Jan 2007 at 14:08

Hi i received this morning a cheque from my aunt for £10,000 pounds
Sadly its what my uncle left me in his will

he died on the 27 th September and now out the blue i didn't know anything about it a cheque for £10k
i have a good job and earn over £45k a year
i have no ideas i own my house outright paid of all Mortgage last year 2006

i also have ready cash that i can access if need any money

so i ask what is the best way to invest it
i am 40 years old
and i planning on retiring when i 55
so anybody got any good suggestions
i already got the max amount in ISA

Shifter_Hull · 20 Jan 2007 at 14:12

i have a newish Car a have been with the wife in Nov 2006to the far east for over 4 weeks Singapore and Honk gong
so i a bit stumped i give to charity every month out of my salary
i don't want to waste it on casinos

Shifter_Hull · 20 Jan 2007 at 14:17

lol no i just never get in to debt the only debt i ever really had was my Mortgage
and i had to work hard to where i am now
never been out of work in my entire live
and now all my hard work is final paying off
i have credit cards and for buying things online
but i pay them off every time the bill arrives

i not willy waving at all
just want to advice

Shifter_Hull · 20 Jan 2007 at 14:21

Morba said:
if you are in the position you are then surely you have some sort of savings knowledge, just put it with the rest and let it grow.

failing that, get the misses pregnant, that will clear the £10k quick enough.

Yes i have a good knowledge of Savings accounts but was asking for a little advice about things that i may of missed
Getting the Mrs Pregnant is a big no no sadly she had ovarian cancer so had all removed
but we had children

Shifter_Hull · 20 Jan 2007 at 14:23

Scuzi said:
On second thoughts, thats enough money to get you a PPL (Private pilots licence). Do you fancy taking up flying as a hobby?

now there is a idea always fancied flying a light aircraft
i used to spend hours on Flight Sim

cheers this may be the winner
but will still take other suggestions

Shifter_Hull · 20 Jan 2007 at 14:29

stigggeh said:
job done... put it away as a uni fund or house deposit for them...

thats a good suggestion too
but the children all got a money today from my aunt and its states in the letter received from her that the money has to be spent on the education

but i may keep the money for there years a uni

Shifter_Hull · 20 Jan 2007 at 14:34

i will bank it monday Afternoon and ask for some advice there but like all other banks Lloydstsb they can only tell you what products they have

we make a appointment with the branch

Shifter_Hull · 20 Jan 2007 at 14:47

Combat squirrel said:
correct costing me well over 15k for my uni time, an thats just me!

if thats the case i will save it along with the children's money for uni
they only got £5 k each for education
so they wont be in debt when they final leave uni
many thanks
Combat Squirrel i didn't realize uni cost that much

cheers thats the winner
so i will invest it in a high rate savings account

Shifter_Hull · 20 Jan 2007 at 14:48

mods please close this post
i got the winner form the group many thanks
many thanks to all for the advice

Shifter_Hull · 20 Jan 2007 at 14:55

Shifter_Hull said:
if thats the case i will save it along with the children's money for uni
they only got £5 k each for education
so they wont be in debt when they final leave uni
many thanks
Combat Squirrel i didn't realize uni cost that much

cheers thats the winner
so i will invest it in a high rate savings account

this one is the winner the uni fund

Shifter_Hull · 20 Jan 2007 at 15:30

dirtydog said:
His profile says 38 year old taxi driver

should have updated my profile was born in 1966 btw
left school at 16 yrs of age
joined the Army served for 16 years
been self employed since driving a taxi and wouldn't change my job for nothing

thats the one

and its a public hire
London style Black Cab

Shifter_Hull · 20 Jan 2007 at 15:34

lol i know it does was done on purpose for id theft

and it nearly the right day i was born too hehehehe

and month

Shifter_Hull · 21 Jan 2007 at 02:50

kemistry said:
hmmmmm whereabouts in hull do you live???

im in the avenues (west hull)

hey!

i might do

Shifter_Hull · 21 Jan 2007 at 03:15

BloodWolf said:
isnt there a pub close by?

there is about 4 pups all with in mile of me

Shifter_Hull · 21 Jan 2007 at 03:18

BloodWolf said:
lol jade goody is that person who was in big brother ages ago

she used to look like a pig, not much changed..

lol she still is a Pig

Shifter_Hull · 22 Jan 2007 at 00:21

GlasgowTitan said:
You say the winner has been chosen, but you haven't taken up the sport of skydiving yet..... EASY way to spend £10k if want. £1.5k on learning to be a skydiver, £3k on a rig and the rest on skydiving holidays.

lol i use to skydiver for the Army
2 Para and loved it
but i wouldn't pay for it done over 100+ jumps
but its a great Rush if you never done it