What to do with 25k

I've been looking at tandem and atom for instant access at 2.55% ,some fixes 4.9% , to beat inflation i have some vanguard etfs that also pay about £2400 yr just in dividends edit altered dividend amount
 
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Invest in twitter stock or try to open your own business if you have an idea, what it can be.
With the microsoft teams phone number it is not difficult to reach potential customers and let them know about your product or/and service.
But of course you can just go and travel the world for some time.
 
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You could buy something like a solar set up if your home is suitable?
I expect that would be the best "dividend" paying investment.

And if you don't own your own home, well, it's is a nice deposit!
 
If you haven't had time to think about what to do with the money yet just stick it in somewhere like NS&I where all you'll be losing is interest unless you win the monthly draw, you can pull it out instantly ish and gives you time to get proper financial advice.
 
Am I the only one who wouldn't care if I was on my deathbed and some of my family were planning on how to spend my money after im gone ? So long as the family was still visting me now and then i doubt id be arsed in the slightest. The entire point of me giving them money is so they can spend it, be pretty stupid to tell them im leaving them 25k and then be like 'BUT IF YOU DARE THINK ABOUT HOW TO SPEND IT BEFORE I DIE THERE WILL BE TROUBLE'.

Of course the thought is going to cross their mind, 25k is a ton of money to a very sizeable portion of the population.
 
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I found myself in a similar situation a few years ago, was a little lost what to do with that amount of cash. Well sensibly anyway, I could have easily blown it away on cars etc.

I would treat your to a few things after being sensible, I treated my family with a trip to Disney land Paris and created memories.

Are you a home owner yet, you could use a good part of the money towards a deposit. Or if you have a mortgage pay a chunk of it off. Or put the money towards doing the kitchen or bathroom. Invest in yourself, with some further education or starting a business?
 
Bassmansam said:
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%
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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.
 
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.
 
DO...
1. Pay off debt
2. Put anything left into an S&P index tracker fund
3. Buy artwork/collectibles you enjoy

DO NOT buy...
1. crypto
2. individual stocks
3. an expensive car
 
I think if it were me I’d be ploughing it all into my mortgage while I’m at a relatively decent rate. That way if my deal ends and I have to get a higher interest mortgage, the impact is somewhat lessened.
 
mcast123 said:
DO...
1. Pay off debt
2. Put anything left into an S&P index tracker fund
3. Buy artwork/collectibles you enjoy

DO NOT buy...
1. crypto
2. individual stocks
3. an expensive car
Click to expand...

So you got 1 right, pay of the debt at least its something.
 
mcast123 said:
DO...
1. Pay off debt
2. Put anything left into an S&P index tracker fund
3. Buy artwork/collectibles you enjoy

DO NOT buy...
1. crypto
2. individual stocks
3. an expensive car
Click to expand...
DO
1) Yes
2) No, US stocks are still expensive. Historically a poor starting point.
3) Meh

Do Not buy
1) Agree
2) Depends
3) Its £25k, so not even an option.

platinum87 said:
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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Imagine if his grandad was trolling him though.
 
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Bassmansam said:
What do you mean £200? The total balance in the fund is about £2100.
Click to expand...

You said you will have £200 to spare, monthly, ongoing, thats what i mean, you deposit that £200 every month into the fund

Keep 10k in cash on some savings account, then any amount bigger you put into the fund.

£2100 is tiny and ISA allowance is £20k per year, i would suggest moving to vanguard while you are at it, because its so low you dont need to bother with an actual transfer with withdraw/deposit
 
If you have a mortgage, definitely pay a chunk off.

I currently have a similar amount in savings and will be doing exactly that once the fixed term ends in 2.5 years.
 
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