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  • FIRST POST
    • Smb3088
    • By Smb3088 10th Feb 18, 4:34 PM
    • 228Posts
    • 23Thanks
    Smb3088
    What would you do with 50k?
    • #1
    • 10th Feb 18, 4:34 PM
    What would you do with 50k? 10th Feb 18 at 4:34 PM
    Mortgage is paid off, no credit cards, no debts. If you had 50 k savings, what would you do with it with plans to save and invest not necessarily spend it?
Page 1
    • dunstonh
    • By dunstonh 10th Feb 18, 4:54 PM
    • 91,098 Posts
    • 58,112 Thanks
    dunstonh
    • #2
    • 10th Feb 18, 4:54 PM
    • #2
    • 10th Feb 18, 4:54 PM
    Without knowing objectives nobody can really answer that. If you do get answers then those people will be looking at their objectives and that isnt very helpful for you.

    However......

    What would you do with 50k?
    I'd be more worried about where the rest of it went. -
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. Different people have different needs and what is right for one person may not be for another. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
    • Zorillo
    • By Zorillo 10th Feb 18, 5:13 PM
    • 43 Posts
    • 25 Thanks
    Zorillo
    • #3
    • 10th Feb 18, 5:13 PM
    • #3
    • 10th Feb 18, 5:13 PM
    I'd genuinely have no idea what I'd do with it long term, so I'd look to have it in an easy access savings account until I made my mind up. Probably a one year NSI account so I can get at it if I did decide the house needs a new roof or a loft extension. I wouldn't invest it because there's plenty of things I could decide to do with it in the next few years.

    I'm not sure that helps you though.
    • 18cc
    • By 18cc 10th Feb 18, 5:41 PM
    • 244 Posts
    • 148 Thanks
    18cc
    • #4
    • 10th Feb 18, 5:41 PM
    • #4
    • 10th Feb 18, 5:41 PM
    I'd give it all to the dogs trust and ask them to open a kennel in my name
    • Smb3088
    • By Smb3088 10th Feb 18, 6:40 PM
    • 228 Posts
    • 23 Thanks
    Smb3088
    • #5
    • 10th Feb 18, 6:40 PM
    • #5
    • 10th Feb 18, 6:40 PM
    I!!!8217;m just looking for peoples own opinions. I currently have some in ns&i lotto draw bonds. A regular saver. ISA. But still access to it all without penalty, so I!!!8217;d be interested to hear what others would do if they were in the position to make this decision. No suggestions are wrong or crazy, but interesting to hear. 18cc... are you my mum ? Haha !!!55357;!!!56397;bless you on that !
    • Katiehound
    • By Katiehound 10th Feb 18, 6:44 PM
    • 4,261 Posts
    • 38,585 Thanks
    Katiehound
    • #6
    • 10th Feb 18, 6:44 PM
    • #6
    • 10th Feb 18, 6:44 PM
    I'd start squirrelling away some of it in current accounts which either have access to RS or pay interest-even both- that would take up at least half of it. Generally earning more than most savings accounts
    Enjoy spending a bit. Decorate house? Re-jig garden? Go on a fabulous holiday
    Being polite and pleasant doesn't cost anything!
    If you found my posting helpful please hit the "Thanks" button!
    Many thanks

    2018 Wombling : Entrant 8 ...840MM (84p) + RK 7p= 91pence
    • BananaRepublic
    • By BananaRepublic 10th Feb 18, 8:47 PM
    • 1,174 Posts
    • 851 Thanks
    BananaRepublic
    • #7
    • 10th Feb 18, 8:47 PM
    • #7
    • 10th Feb 18, 8:47 PM
    If you want access to it without penalties, then essentially you have little option beyond savings accounts and similar. Some will give good rates but only on modest sums, and usually/always for a short period such as a year, so you could spread it around multiple such accounts.

    Or blow most of it on fast cars, booze, and women/men. Then squander the rest.
    • george4064
    • By george4064 10th Feb 18, 9:07 PM
    • 898 Posts
    • 984 Thanks
    george4064
    • #8
    • 10th Feb 18, 9:07 PM
    • #8
    • 10th Feb 18, 9:07 PM
    Stuff it all in stocks and shares ISA, invest money in diversified global portfolio.
    "If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” Warren Buffett

    Save £12k in 2016 - #045 £10,358.81/£12,000 (86%)
    Save £12k in 2017 - #003 £12,427.51/£12,000 (104%)
    Save £12k in 2018 - #004 £0/£12,000 (0%)
    • GT85
    • By GT85 10th Feb 18, 11:41 PM
    • 8 Posts
    • 1 Thanks
    GT85
    • #9
    • 10th Feb 18, 11:41 PM
    • #9
    • 10th Feb 18, 11:41 PM
    Not sure if this is a speculative question or whether you're contemplating investing and looking for generic/popular opinions.

    Scenario A - Average DIY investor with time on your side:
    - Stick it in an stocks and shares ISA for that tax protection (or increase pension contributions), and invest in a low-fee index tracker. Don't aim to beat the market, but replicate it. Age and goals/time frame of wanting to withdraw the money will dictate your asset allocation.

    Scenario B - approaching retirement/retired:
    - I'd be emphasising the importance of compound interest on investments and have my children/grandchildren doing the same from as early age as possible. If I was well off, I'd use it to help get them involved in the markets. If I was invested myself, generally speaking you'd be in more bonds than equities to have 'locked in' gains from stock growth over the years.

    Scenario C - Rich tycoon:
    If I had a lot of disposable income, or had enough assets in all to see me through to retirement, I'd invest in something I was interested in. Sponsoring local bike racing teams, buying into local football clubs etc, or companies with good business plans that you are interested in etc.
    • Smb3088
    • By Smb3088 11th Feb 18, 7:18 AM
    • 228 Posts
    • 23 Thanks
    Smb3088
    I like scenario C, I!!!8217;m keen to invest in businesses but ones that shed a return. I have invested but not stocks and shares as I don!!!8217;t know much about them. My question is both speculative as I!!!8217;m keen to hear what others would do in the same circumstances as some suggestions are really interesting and relevant, also interested to hear investing suggestions. Thank you
    • ValiantSon
    • By ValiantSon 11th Feb 18, 10:51 AM
    • 782 Posts
    • 638 Thanks
    ValiantSon
    I like scenario C, I!!!8217;m keen to invest in businesses but ones that shed a return. I have invested but not stocks and shares as I don!!!8217;t know much about them. My question is both speculative as I!!!8217;m keen to hear what others would do in the same circumstances as some suggestions are really interesting and relevant, also interested to hear investing suggestions. Thank you
    Originally posted by Smb3088
    If you are keen to invest in businesses on which you can reasonably expect a return, then investing in equities is the obvious way forward, but not in buying individual company shares because that is very high risk. Instead, investing in a diversified portfolio either through ETFs or OEICs would be more sensible. Perhaps you would benefit from spending a little time learning about stocks and shares.

    However, if you really want to be hands on with your investments in small businesses that interest you, then be prepared to do a lot of research on those businesses and the market they operate in. Also be prepared for the fact that they may well fail and you could lose all of your money.
    • skintpaul
    • By skintpaul 11th Feb 18, 11:03 AM
    • 1,471 Posts
    • 13,036 Thanks
    skintpaul
    buy and store a classic car, or vintage wines?

    the right ones can grow in value big time.
    breathe in, breathe out- You're alive! Everything else is a bonus, right? RIGHT??
    • TheShape
    • By TheShape 11th Feb 18, 12:04 PM
    • 1,240 Posts
    • 1,041 Thanks
    TheShape
    buy and store a classic car, or vintage wines?

    the right ones can grow in value big time.
    Originally posted by skintpaul
    And the wrong ones?
    • Superscrooge
    • By Superscrooge 11th Feb 18, 7:27 PM
    • 975 Posts
    • 691 Thanks
    Superscrooge
    The 'wrong' vintage wines can just be drunk
    • GT85
    • By GT85 11th Feb 18, 8:23 PM
    • 8 Posts
    • 1 Thanks
    GT85
    I like scenario C, I!!!8217;m keen to invest in businesses but ones that shed a return. I have invested but not stocks and shares as I don!!!8217;t know much about them. My question is both speculative as I!!!8217;m keen to hear what others would do in the same circumstances as some suggestions are really interesting and relevant, also interested to hear investing suggestions. Thank you
    Originally posted by Smb3088
    I haven't got enough posts to post links but Google "Football Index"

    If you wanted to have fun and like day trading, but wanted something different to Forex etc, the above website is essentially turns football players into shares, and you can trade on them with performances and mass media mentions affecting price. Essentially fantasy football & gambling in one.

    Classic cars are a good shout, but valuing & insuring every year against theft & damage would be costly I'd imagine?
    • Audaxer
    • By Audaxer 11th Feb 18, 9:58 PM
    • 912 Posts
    • 503 Thanks
    Audaxer
    Scenario B - approaching retirement/retired:
    - I'd be emphasising the importance of compound interest on investments and have my children/grandchildren doing the same from as early age as possible. If I was well off, I'd use it to help get them involved in the markets. If I was invested myself, generally speaking you'd be in more bonds than equities to have 'locked in' gains from stock growth over the years.
    Originally posted by GT85
    You are not now necessarily any safer with a high percentage of bonds in retirement. I am retired and in my view it's best to have a balanced portfolio of equity income funds and bonds/fixed income funds and/or multi asset funds for dividend income and capital growth.
    • Smb3088
    • By Smb3088 12th Feb 18, 6:41 AM
    • 228 Posts
    • 23 Thanks
    Smb3088
    I have no idea about football so I think I!!!8217;d totally gamble all my money away lol. I!!!8217;ll look into stocks and shares. I!!!8217;ve been wanting to get involved in them for a long time, maybe it!!!8217;s worth some research. Buy to let would be an option, but taxes and mortgages as I don!!!8217;t have enough for the cash buy, wouldn!!!8217;t be in my interest
    • binaryuniverse
    • By binaryuniverse 12th Feb 18, 7:33 AM
    • 573 Posts
    • 330 Thanks
    binaryuniverse
    I'd buy a little turnip of my own.
    • Alexland
    • By Alexland 12th Feb 18, 7:46 AM
    • 1,631 Posts
    • 1,116 Thanks
    Alexland
    With a bit more I would buy a large turnip in the country.
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