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Yeah thats true, 10k ain't what it used to be.
What to do with £75k?
- Thread starter ivrytwr3
- Start date
Soldato
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Shop around the big investment houses?
With the current rate of economic decay in the world, 10K doesn't go that far.
In 2013 the two of us went to Hawaii - big island for a week and Kawaii for a week by the beach - total cost of flight and hotel including transfer flight between islands - between £4-5, then add a good 1-2K for trips (helicopter tour, mustang rental for a day on the other side of big island, and rental for a day on the east side etc). Bora Bora, French Polynesia in 2025 would now cost around 8K per person, the same Hawaii vacation is closer to 10K for flights and hotels!. Most of the other relaxing places were around 8-10K full board/inclusive. Europe tended to be 2-3K.
Not saying don't but the travel costs now have risen, large impact of TikTok has increased cost of hotels and attractions and destroyed quiet beauty spots.
Soldato
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20k each S+S isa (platform=ii, etf=vhvg)
10k each cash isa (next year)
^ that's 60k total
remaining 15k = spend it, have fun
Soldato
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- 21 Apr 2007
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You give it to me, is this even a question?
Yeah, i'm planning on adding a couple of £100 per month to the S&S ISA for the next few years.
I get the platform, Interactive Investor(?), but unsure on etf=vhvg. Is this something i will see when i sign up to the platform?
Ta! As i say, complete newbie
Soldato
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Yeah interactive investor. I like it because it has fixed fees, rather than a percentage of your investment. DM if you want referral.I get the platform, Interactive Investor(?), but unsure on etf=vhvg. Is this something i will see when i sign up to the platform?
Ta! As i say, complete newbie
You can invest in funds or ETFs. They are different, but it doesn't really matter. But they're displayed separately.
You can browse top funds and ETFs. Get comfortable with finding the name and abbreviation of a fund/etf and googling it to learn more about it. Such as fees, countries, sectors, past performance.
I like vhvg because it's an etf which includes all sectors of the developed world with low fees. Other etf options are vuag for USA focus, vwrp to include emerging markets. Fund options are HSBC FTSE all world, fidelity index world.
Yeah, i'm planning on adding a couple of £100 per month to the S&S ISA for the next few years.
I get the platform, Interactive Investor(?), but unsure on etf=vhvg. Is this something i will see when i sign up to the platform?
Ta! As i say, complete newbie
Quick guide to some finance acronyms.
Investment Glossary: Your A-Z Of Terms & Acronyms
You can use the alphabet to navigate to the term you are looking for: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z A Accumulation shares/un
www.forbes.com
Soldato
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- 29 Jul 2004
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- 7,172
Buy 23 1oz 24k Britannia Gold Coins.
Soldato
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- 29 Jul 2004
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12k for Flights, Universal Studios stay and 2 weeks park tickets (Universal and Disney) was over 12k for a family of 5, thats without car hire or any spending money. 10k doesn't touch the sides of most nice holiday destinations for a family anymore!
What do you suggest?
Don't spend any of it. Keep all of it. Especially for now. Sit on it for a good 3 months and then see if you still want to spend it. Having a lot of money in the bank is a wonderful feeling and a massive psychological uplift. Comfort is far more valuable than a holiday or paying down your mortgage.
Edit: Before anyone jumps in and bangs on about gaining or returns interest; I'm not saying don't make it work for you. I'm saying not to spend any of it on things (like holidays) or debt (where equity release is required to retrieve it).
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Pension is sorted (military). I could top it up with Added Pension payments, but looking at something i can start investing and then drawing in 5 - 7 years.
Mmmmmm, i would rather it was doing something than just sitting in a standard current account.
You can also roll in previous 3 years unused allowance, so it's more than £60k for a bit