£35K to invest

axlebolt

Hi,
I have £35k sitting in a bank acount doing nowt and was hoping I could get some invetment advice from you guys.
I have no debts to speak of (few 0% ones) and my wife and myself have a comfortable enough income that we can meet all our bills and save a small amount away each month.
I'm many years before retirement so long term investment is fine.

Any advice would be greatly appreciated

AB

dunstonh

If only it was that easy.

You say invest, so whats your risk profile (how much loss can you stomach in a short period)?
Whats the money for?
Are you looking at an explicit investment of £35k for an event or is a more holistic approach required (funding multiple events in future)?
What is your current and future tax positions likely to be?
What are you going to do when those 0% debts become payable?
How do you intend to purchase the investments?
What type of investment instrument do you fancy using?

Thats a small handful to start you thinking...

Stavros_3

Do you want to invest or save?, there's a big difference. If you want to invest that amount and hopefully see a healthy return, then you need to look at investments, which then follows what your exposure to risk is. The best advice I can give you is speak to an Independant Financial Advisor, note the bold type Independent, and not one who is tied to a bank as they are limited in what they can advise you to invest in. To find a truly IFA then put your postcode in on the link. t costs nothing to have an initial chat with them, then after that its your decision. Speak to a couple though, don't just go with the first. http://www.unbiased.co.uk/find-an-independent-financial-adviser/

axlebolt

Thanks for the replies guys.
I'd like to make an investment so something with more risk than a savings account and hopefully a larger ROI over a longer period.
The money is a Voluntary Redundancy payout but I walked into another job paying the same money so I don't really need it at the moment.
Its not earmarked for anything other than maybe making our lives a bit easier in the future.
We own our own house with no mortgage
I tried that website and it came back with 1 financial advisor in Belfast But I'm having a look elsewhere.
I'm not likely to hit the higher rate tax bracket for some time.

I have been contemplating getting 2 Stocks and Shares ISA for this years allowance and maybe the same again for next year which would take up most of the money but I'm not sure how wise this is.

As you say Stavros I'll try and talk to a IFA if I can find one

-AB

dunstonh

I tried that website and it came back with 1 financial advisor in Belfast But I'm having a look elsewhere.

Did you untick the option to only show paying IFAs? Most IFAs dont pay to be on that site and it defaults to only show those that do. I think option 2 has a tick box you untick to show all IFAs. It does have 99% coverage but you just need to make sure you dont over filter.