The best way to invest this money?

Marmot

Marmot

Marmot

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I've been left some money by a family member who recently passed away, and I'm looking for some advice on the best way to invest it. It's currently sat in a savings account earning sod all (0.7% AER (0.56% Net)) and I want to move it out of there ASAP. I'm young and not opposed to a bit of risk, however gambling it on the day markets would feel a little disrespectful and quite frankly I don't know enough about Stocks to yield a return. I've had a small amount of money invested in the 'Fundsmith' T Class Accumulator since shortly after inception, and it has provided modest returns, however this is a considerable amount more and thus requires more thought.

For those of you who are investment-savvy, if you had 50k to invest, what would you do?
 
I'd spend £100 talking to an IFA, and invest, as he should be able to generate higher returns than he costs. Watch funds costing if they are monthly, annually, or by switching, and watch other associated costs.

Otherwise.
1. Buy chemicals
2. Cook chemicals.
3. ????????????
4. Profit.
 
do you have a mortgage or other debt? - pay it off?

if you rent, you have a house deposit now - buy.

otherwise you're looking at new PC / ISA / savings account, in that order.
 
I eventually plan to use it on a deposit, but I'm currently still at University and will be graduating and moving to London in June. Because of this it's unlikely I'll be given a mortgage any time soon, and thus need something to do with the money until buying is an option. Thanks for the advice so far guys. :)
 
Speak to a IFA for sure. It's not just attitude to risk that determines what investments to make but also you're future plans, requirements for quick liquidity and such.

I'd say get 5k of that into an ISA ASAP. Sure the interest isn't amazing right now but if/when rates do go up you can benefit because you've already got a lump sum inside the ISA "wrapper" that can be transferred into a new one.

You could also look at things like Zopa. Last time I looked you could get around 4% after tax and risks.

If you've got no interest in stocks don't bother with that. Even if you have good knowledge you still need the time to monitor and plan them, certainly not set and forget.
 
If it were me I'd be looking to invest in property ASAP, but if you're not in that position then consider that as well as a cash ISA you can also invest in a Stocks and Shares ISA. The advantage of this is that you invest in funds managed by pros and don't have to pick the stocks yourselves, so you're protected against a lot of the risks of investing in shares. But yeah see an IFA first.
 
Use it as a deposit on a house, oh wait what would I do?

Fly to Vegas stick 40k on RED!
Fly to Nevada and spend the last 10k at that place.. you know the one...
"Stephen Fry In America - Nevada " on youtube ;)
 
arknor said:
Use it as a deposit on a house, oh wait what would I do?

Fly to Vegas stick 40k on RED!
Fly to Nevada and spend the last 10k at that place.. you know the one...
"Stephen Fry In America - Nevada " on youtube ;)
Click to expand...

Can we just clarify, you'd fly to Vegas and THEN fly to Nevada? ;)
 
[FnG]magnolia;25374816 said:
Bitcoins tbh.

Alternatively you could throw it on the fire.
Click to expand...

Bitcoins is the best way or helping those poor people get their millions out of Nigeria, lastly as some her have suggested the stockmarket after it's 150% rise in 5 years.

When you switch your brain back on, a UK government bond is your best bet ~3%pa but the money is locked up for 2 years.
 
I'd be looking at filling up ISA allowance, holding some cash (for liquidity) and putting the rest in managed funds. Check out fidelity.co.uk for fund options.
 
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