Windfall !

suchard007

Hubby & I have come into a windfall of £300k + Now comes the problem (and what a nice problem to have, I know how lucky we are) - of where to best put it. We've worked hard and have pension provisions all set and in place - mortgage paid off a couple of years ago - can anyone offer some advice ? We're maybe thinking of property - it's surely got to be about as low as it's going to get. Reluctant to think about stocks/shares. Thoughts would be welcomed. Thank you. :rotfl: Not prepared to take too much risk (minimal amount).

Stavros_3

Decide if you want risk, some risk or no risk, then the suggestions will come through, according to financial pundits, the housing market has not yet bottomed out.

brasso

suchard007 wrote: »

We're maybe thinking of property - it's surely got to be about as low as it's going to get.

If that's what you think, you need professional help. Don't rely on an internet forum, for heaven's sake.

stevetodd

suchard007 wrote: »

Hubby & I have come into a windfall of £300k + Now comes the problem (and what a nice problem to have, I know how lucky we are) - of where to best put it. We've worked hard and have pension provisions all set and in place - mortgage paid off a couple of years ago - can anyone offer some advice ? We're maybe thinking of property - it's surely got to be about as low as it's going to get. Reluctant to think about stocks/shares. Thoughts would be welcomed. Thank you. :rotfl:

I am going to buy more property but not yet as I think it still has about 15% more to fall, if I was you I would park the money in a 12 month fixed bond, the housing market will still be deflated in a years time but with any luck the following 12 months after that year will be a good time to buy (but obviously needs reviewing nearer the time).

But I wouldn't buy if you aren't prepared to stay in the market for at least 10 years to make sure that you get decent capital growth (which will take some time, probably not 10 years but it's not impossible)

suchard007

Thanks - realise we'll need "serious" advice - but asking for thoughts will prove interesting and may make us think of things we've not already thought of! - Thanks for your comments though

Ken68

Some to an extra pension,some to shares in utilities, some to shares in basic food outlets, and a couple of flats or cottages to use yourself or rent out , one near the sea/sun and one in the mountains.

dunstonh

We're maybe thinking of property - it's surely got to be about as low as it's going to get.

house price drops in the 90s took 4 years to bottom out. We are 18 months into this one. America is still dropping in price and started about 2 years before us (as is normal).

Not prepared to take too much risk (minimal amount).

So, why are you thinking about property?

willo65

if your sorted for retirement, then spend it?

stevetodd

dunstonh wrote: »

house price drops in the 90s took 4 years to bottom out. We are 18 months into this one. America is still dropping in price and started about 2 years before us (as is normal).



So, why are you thinking about property?

Sorry not correct prices dropped for much longer than 4 years (actually started in the 80's) but the rate of drop has been much higher this time around, it will bottom out quicker.

EDIT Apparantly not just sub regional variations meant the area (battersea) I bought in bucked the trend and did actually fall for longer, although sometimes its hard to tell if prices are falling or just bumbing along the bottom

stevetodd

suchard007 wrote: »

Hubby & I have come into a windfall of £300k + Now comes the problem (and what a nice problem to have, I know how lucky we are) - of where to best put it. We've worked hard and have pension provisions all set and in place - mortgage paid off a couple of years ago - can anyone offer some advice ? We're maybe thinking of property - it's surely got to be about as low as it's going to get. Reluctant to think about stocks/shares. Thoughts would be welcomed. Thank you. :rotfl: Not prepared to take too much risk (minimal amount).

A word of warning about property, like I said I am going to invest further, but I have owned investment property since the early 90's and know what I am getting into. It's not for everyone, its much higher maintenance than savings accounts, so don't make the mistake of thiking it is effortless, it is not, it can be real hassle at times.

Entertainer

stevetodd wrote: »

Sorry not correct prices dropped for much longer than 4 years (actually started in the 80's) but the rate of drop has been much higher this time around, it will bottom out quicker

No they didn't, prices fell between 89-92, were steady between 93-95 and then began to rise at the start of 96.

OP put your money in savings accounts/bonds but make sure you don't have more than 50k in each definitely no more than 100k.