What would you do with 200k

chrishar
chrishar Posts: 178 Forumite
in Savings & investments
Say you're 30 and stripped off all your assets except for 200 k in your pocket. What would you do with it?


Would the first sensible thing be to buy a house outright?

Or would you use it for something else?
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Comments

  • ColdIron
    ColdIron Posts: 9,001 Forumite
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    edited 26 May 2016 at 2:23PM
    Duplicate thread
  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    Combo Breaker First Post
    chrishar wrote: »
    Say you're 30 and stripped off all your assets except for 200 k in your pocket. What would you do with it?


    Would the first sensible thing be to buy a house outright?

    Or would you use it for something else?

    Stick it all on Red on the Roulette table.
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Holiday Haggler
    It's rather hypothetical isn't it? At 30 I had a 6 month old son and a wife to look after... so buying a home would have been a priority.

    If someone gave me £200k now, it'd have to choose between paying off my mortgage (well, it wouldn't pay all of it), extending and renovating my house or buying a BTL investment.
  • atush
    atush Posts: 18,726 Forumite
    Name Dropper First Anniversary First Post
    I'd stick 20K in the bank, 20K into a pension, open a S&S isa and then buy a house, the remainder being the deposit.
  • uk1
    uk1 Posts: 1,839 Forumite
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    I'm confused. Does the OP have 200k or 400k?
  • MEM62
    MEM62 Posts: 4,746 Forumite
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    How much beer does £200K buy?? :)
  • bigadaj
    bigadaj Posts: 11,531 Forumite
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    MEM62 wrote: »
    How much beer does £200K buy?? :)

    I remember meeting up with some mates a few months after leaving university when one of them had just got a mortgage, that's exactly what was calculated within a few minutes of the value being stated.
  • KonkyWonky
    KonkyWonky Posts: 648 Forumite
    First Post First Anniversary Combo Breaker
    MEM62 wrote: »
    How much beer does £200K buy?? :)

    A lot, but you can never have too much beer :beer:
  • Pincher
    Pincher Posts: 6,552 Forumite
    Combo Breaker First Post
    Travel.

    Air China is doing some insane prices, for travel October to December 2016. Six months vaidity.

    RETURN to Taiwan £338

    Bangkok £348

    Sidney £589 !!!!
  • atush
    atush Posts: 18,726 Forumite
    Name Dropper First Anniversary First Post
    Gosh, wish we had already retired. I'd be right on that.
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