What to do with 60K?

mroller

EdInvestor wrote:

Commercial property funds normally invest in office blocks and smaller office properties, shopping centres and industrial/retail parks.

They don't usually invest in residential property, which is a different asset class.Most small investors already have substantial exposure to residential property through owning their own home, so it's unwise to put more money that way. [Of course some people are so besotted with residential property that they don't want to hear this.....;) ]

Thanks a lot, this will certainly help me a lot in my research.

wacko911

Something a bit different

Risk = 0% (well loss of interest i suppose if you have < average luck)

Buy premium bonds. The limit is 30K per person, so half would have to be in one name and the other half in another.

That would be 60,000 entries in the the draw every month, with a chance of winning £1,000,000 and lots of other prizes. Statisically, you should be hitting a few £50 prizes every month (odds on a single bond is 24,000 to 1, so for 60,000 do the maths - should work out around 3% all tax free of course with 'average luck') but then if you hit a nice 5k or 10k+ prize and be laughing all the way to bank. Much more intresting than a boring old savings account and a lot less risky and hassle than some other suggestions.

Backed by HM treasury (the only people that can say 100%) this is risk free, cus they print the money.

checkout the NS&I website for more details.
http://www.nsandi.com/products/pb/index.jsp