What to do with 25k

Bassmansam

Bassmansam

Bassmansam

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Joined
22 Nov 2007
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Looks like age has finally beaten my grandad, he is 95 and been in hospital with talking/breathing problems. They have just diagnosed lung cancer. It’s sad but at the same time its a great age to live to.

He doesn't want any treatment which is understandable at that age.

Now, what to do with the inheritance, i already have a stocks and shares isa with isa with 2k in it. I’m thinking add 10k there. I have 3k of debt to pay so clear that. I want 3k in my current account just so that i’m comfortable. That leaves 9k, anything worth investing in? Or add that that to the stocks and shares isa?
 
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platinum87 said:
You should have a stocks and shares ISA invested in an global index fund, for all of the money after paying off your debt.

Dont know why people are trolling the OP though, he obviously knows the will as his granddad has told him, he told him so he could plan something.
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Yep got a global index with about 2.1k , if i add another 10k will it start giving me back a certain amount each month? If the markets are + of course. Looked today and its currently -1.25%
 
robfosters said:
Wouldn’t you think it respectful to wait until he’s actually passed to plan what to do with his money?
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I’ve been told a couple of years ago i’d be getting the money so i’ve already thought about it a little bit but no concrete ideas.

It doesn’t mean i’m not upset about him being ill. We have a good relationship and i’ll be really upset when he does go, i hate seeing him in hospital l as i know he he hates it. But its the best place for him at the moment.

The full reality of the situation hasn’t sunk in yet but it will do soon.


But at the same time i can’t help thinking about what i would do with the money. If that makes me a bad person then so be it.
 
platinum87 said:
Price fluctations are not gains or losses, ignore them, just see you have £200 at the end of the month you can invest, then invest it, do not even check what is going on with anything.

The vast majority of investors use index funds and underperform the index by a massive margin, this is because whenever something happens they try to time the market, but they cannot time the market. If you read these forums you can see that happening non-stop.
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What do you mean £200? The total balance in the fund is about £2100.
 
Freddie1980 said:
There's nothing wrong with wanting to make the most our of any money left to OP it's a good way to respect his granddad who worked hard to save it but the fact he's not even dead yet and all the OP can think about is spending his little windfall feels distasteful, narcissistic and insensitive to many of us who would much rather have a grandparent then some extra money.

On-topic, if you have one then my advise is pay it off against your mortgage. With interest rate going up and up now's the time to be taking advantage of cheap money.
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He is 95 and does not want cancer treatment, of course i want him around for longer but it is what it is.
My nan died 5 years ago and he is very stoic so no one knows how he has really been coping over those 5 years although he had joined a few social/walking clubs so he did still have a bit of a life. But i don’t think he is up for a cancer battle at his age and that is understandable.
 
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