Soldato
[FnG]magnolia;25374816 said:
Only worth it if its a million
The best way to invest this money?
- Thread starter Marmot
- Start date
Only worth it if its a million
In my opinion it would be extremely irresponsible to invest £50k worth of money into something based on 2-3weeks of "learning about stocks".
OP get financial advisor, once he understand your risk profile, investment time frame, liquidity requirement and all other needs he will be able to tell you exactly what would be the most optimal investment strategy for you.
Stocks & Shares ISA.
Have a browse on HL and Monevator for advice. Learn about the options, creating a balacanced protfolio and get investing. Think it's just under £12k a year you can invest, so a good start!
http://www.hl.co.uk/
http://monevator.com/
Have a browse on HL and Monevator for advice. Learn about the options, creating a balacanced protfolio and get investing. Think it's just under £12k a year you can invest, so a good start!
http://www.hl.co.uk/
http://monevator.com/
It would be irresponsible not too!
Some of the suggestions here are so bad... House deposit at the top of a housing bubble? Bitcoins + litecoins + madeup coins, another bubble?
If you have debt, such as student loans, pay it off. Then split your money as follows: leave 1/3 in your savings account, another 1/3 in govt. bonds and invest the last 1/3 in stocks but not directly. Put the money in a hedge fund that has been having a decent return in the last 5 years.
Savings + low risk investment + medium risk investment is what you should do with extra money all your life actually, not just now.
If you have debt, such as student loans, pay it off. Then split your money as follows: leave 1/3 in your savings account, another 1/3 in govt. bonds and invest the last 1/3 in stocks but not directly. Put the money in a hedge fund that has been having a decent return in the last 5 years.
Savings + low risk investment + medium risk investment is what you should do with extra money all your life actually, not just now.
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Soldato
Putting the money in a hedge fund with a great previous performance doesn't mean anything
http://forums.overclockers.co.uk/showpost.php?p=25014887&postcount=311
Because there are loads of hedge funds with good 5 year track records that are open to retail investors.
Based upon personal recent experience, I'd put down a deposit somewhere in London if you can in the next 12 months then sell within 24-36 months.
![[FnG]magnolia](/styles/overclockers/avatars/9.png){kind=avatar}
Caporegime
Not everyone is being entirely serious about investing in bitcoins
His student loan will attract the lowest interest rate he'll probably ever enjoy in his life so paying that off will make far less difference than netting that interest off against the far higher interest to be gained elsewhere.
Finally, please give us more two-bit, boilerplate financial advice which we should all follow not just now but for all of our life actually.
no!
Do not pay off student loan with it, the student loan is not seen as normal debt, thus no need to pay more off than what they ask for when u start earning
Soldato
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- 20 Jun 2010
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Its still incurs an absurd amount of interest....
Permabanned
They still will look weird at you, when u try to get a mortgage...
Caporegime
You would accrue even more benefit by investing the new money into a higher rated investment than clearing the same value from your student loan.
I've got no idea what Lazder is talking about. The banks don't give two hoots about approved lending other than the amount and whether it fits with their profile for lending you more or not. A student loan is one of the most recognised debts that younger people are likely to have.
Associate
Students loans aren't taken into account for a mortgage application.
Some stellar responses in here, my personal favourites being the litecoins (with no hint of irony) and "are gold and silver still going up?" 
I know it's already been alluded to, but I thought it was worth reiterating this is godawful if intended as advice, but pretty passable if intended as the inane ramblings of the uninitiated. Ignoring the fact that you clearly have no understanding of government bonds, hedge funds or how cheap student loans are, the part about how an individual should save for the rest of their life based on next to no information is just the icing on the cake.
I know it's already been alluded to, but I thought it was worth reiterating this is godawful if intended as advice, but pretty passable if intended as the inane ramblings of the uninitiated. Ignoring the fact that you clearly have no understanding of government bonds, hedge funds or how cheap student loans are, the part about how an individual should save for the rest of their life based on next to no information is just the icing on the cake.
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Soldato
I also like the bit about the "housing bubble" and how its set to pop.... You know, the same event thats meant to have happened since late 2007 
No it really doesn't in the grand scheme of things.
Paying off your loan is stupid when the money can earn a lot more being saved in a S&S ISA.
Let the loan get payed off by itself.
![[TW]Fox](/data/man-of-honor/2009.png){kind=avatar}
No, it doesn't.
The interest rate on a post 2002 student loan is either the RPI or the Bank of England base rate + 1%, whichever is the lowest.
Therefore the current interest rate is 1.5% which is very, very low and beaten by almost any saving of investment you might pick after 10 minutes of research. Do not pay it off in one go.