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Lump Sum Investments After Retirement.
manrow
Posts: 185 Forumite
Just received a life insurance payout of £20,000, as I have reached age 65. Rather than just fritter it away I would like to invest this sum, maybe for small income, although probably to appreciate as a lump sum, but with the ability to change funds in which it is invested as the mood takes me! even convert to cash if beneficial.
Or should I leave it to the professionals to protect my investment, which bodes the question, after the recent collapse of the financial institutions are there any reliable fund managers out there, who are not extracting large commissions to mange/switch funds?
Or should I leave it to the professionals to protect my investment, which bodes the question, after the recent collapse of the financial institutions are there any reliable fund managers out there, who are not extracting large commissions to mange/switch funds?
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Rather than just fritter it away I would like to invest this sum, maybe for small income, although probably to appreciate as a lump sum, but with the ability to change funds in which it is invested as the mood takes me! even convert to cash if beneficial.
Thats a lot of objectives and/or a lot of compromises if you are looking at a single solution. Chances are more than one thing would fit the bill.which bodes the question, after the recent collapse of the financial institutions are there any reliable fund managers out there, who are not extracting large commissions to mange/switch funds?
fund managers dont switch funds. Its not their job to.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.0
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