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£100,000 pound

simon_wilkins
simon_wilkins Posts: 8 Forumite
in Savings & investments
hi i am 19 years old and have recived a cheque for 100 000 thousand pound and want to know what is best to do with it.buy a propety and rent out or put so much in an isa i am not sure.would like to invest it so i can make money from it and not goin to loose out and eventually left with nothing!!! thanks simon

Comments

  • k8r4u
    k8r4u Posts: 81 Forumite
    Looking at the interest rates on offer and the state of the stock market, I'd spend £99,000 of it on drink, women and fast cars, and then waste the rest.

    (Seriously, if you have a cheque for £100k, get some professional advice. You'll get lots of ideas on an internet bulletin board, some of them really really bad ones ! Like you'd get in e.g. a bank. B*gger, must get my cynical hat off)
  • dunstonh
    dunstonh Posts: 120,849 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Tens of thousands of options available to you based on that limited criteria.

    Also, I think you need a bit of eduction on risk and reward before you do anything. Otherwise you could make a big mistake.

    eg:
    buy a propety and rent out
    and
    so i can make money from it and not goin to loose out and eventually left with nothing

    are not consistent with each other.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • Gwhiz
    Gwhiz Posts: 2,322 Forumite
    Part of the Furniture Combo Breaker
    Spend it on English lessons - grammar and spelling would be my suggestion! ;)
  • hopefulfooluk
    hopefulfooluk Posts: 2,441 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    simon_wilkins wrote: »
    hi i am 19 years old and have recived a cheque for 100 000 thousand pound and want to know what is best to do with it.

    Make sure it doesn't bounce first!!

    Also "100 000 thousand pound" is a hundred million pounds...
  • purch
    purch Posts: 9,865 Forumite
    You'll get lots of ideas on an internet bulletin board, some of them really really bad ones !

    I will gladly supply the "really bad" ideas, (as usual :eek: )
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • hopefulfooluk
    hopefulfooluk Posts: 2,441 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    purch wrote: »
    I will gladly supply the "really bad" ideas, (as usual :eek: )

    I'll beat you to it:

    Bung the lot in RBS stock!!! :)
This discussion has been closed.
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