What to do with my money from my house sale???

paul_b1

Hi,
I am going to sell my house and downsize. I will have approximately around 100k from the sale to invest. I am wondering what I should do with this money. Should I buy another house and rent it out. Or should I put the money in the bank and invest it in that way.

Hope someone can help?

paul_b1

Nobody got any advice?

opinions4u

paul_b1 wrote: »

I am going to sell my house and downsize. I will have approximately around 100k from the sale to invest. I am wondering what I should do with this money.

What do you want the money to do for you? Generate income? Grow in value?

When do you want to spend the money?

Should I buy another house and rent it out.

It's an option. Why do you think you'd make money out of this though? It would be putting all your eggs in one basket.

Or should I put the money in the bank and invest it in that way.

I think most would call that investing rather than saving.

Assming you believe that you've got this money for 5 years or longer I'd arrange to see an IFA. www.unbiased.co.uk will help you to find one in your area.

It's a substantial sum, and while investing some in property and keeping some safe in the bank are options there are a whole multitude of investments and tax wrappers available to you. Get professional advice.

worried_jim

Invest in wine.

http://www.wineinvestmentfund.com/

Fine Returns from Fine Wines; We aim to double investors money in 5 years by investing predominantly in Bordeaux Wines.

£200k in five years, what's not to like ?

opinions4u

worried_jim wrote: »

Invest in wine.

http://www.wineinvestmentfund.com/

Fine Returns from Fine Wines; We aim to double investors money in 5 years by investing predominantly in Bordeaux Wines.

£200k in five years, what's not to like ?

I'm not so sure that wine is the way forwards. From their own site:

"Please note: The Fund is an "unregulated collective investment scheme" as defined in s235 FSMA and has not been approved by the FSA or any other regulatory authority. The Fund's promotion is subject to strict controls by authorised persons and, accordingly, can only be marketed to eligible investors including, but not limited to: (a) "established" or "newly accepted" investors of any such authorised person in respect of whom that authorised person has taken reasonable steps to ensure that an investment in the Fund is suitable within the meaning of the FSA's Conduct of Business Sourcebook 4.12 and "professional clients" and "eligible counterparties" of such authorised person; (b) "investment professionals" within the meaning of article 14 of FSMA; (c) "high net worth companies, unincorporated associations, partnerships or trustees of high value trusts" within the meaning of article 22 of the Promotion of Collective Investment Schemes (Exemptions) Order 2001; or (d) "sophisticated investors " within the meaning of article 23 of the Promotion of Collective Investment Schemes (Exemptions) Order 2001, being a person who has a current certificate in writing or other legible form signed by an authorised person to the effect that he is sufficiently knowledgeable to understand the risks associated with participating in unregulated schemes."