best thing to do with £100,000 inheritance

meltemi

whats the best thing to do with lump sum inhertance of around £100,000?

i am mid 50's, work fulltime, pay basic rate tax, have cleared my debts, have no mortgage, pay into company pension scheme. also have recently been able to save around £200 per month and buy £50 premium bonds per month.

i have seen one financial advisor who assured me i could 'have a comfortable retirement' investing it all via him in a balanced portfolio for the next 5-10years. have not ruled this out but feel a bit uneasy putting all my eggs in one basket

would appreciate any help from out there......thanks in advance

gargoyle

The best thing to do would be to allow me to have a comfortable retirement.

dunstonh

but feel a bit uneasy putting all my eggs in one basket

A balanced portfolio would mean spreading it across many funds from different fund houses so you wouldnt be putting it in one basket.

What tax wrappers were suggested? What spread of funds?

GingeG

Lucky you!!

Honestly mate if I was you, I would chill and enjoy a bit of life.
Why not go part time at work etc?

Enjoy your money

Conrad

Suitable foreign real estate.

The key is to look for

1) A young market (not Spain, S Cyprus etc)
2) A safe reputable builder that goes out of his way to prove past projects
3) A ready 'second hand market'. So look for countries with growing GDP and or significant tourism potential
4) A long season or a capital city
5) No over - supply (eg Bulgaria is suffering mass over supply so potential second hand buyers instead buy the brand new stock)
6) Good Tax regime. Most foreign investors I know dont repatriate funds to the UK so dont concern themselves with UK Tax. The F/As on this forum will decry this for obvious reasons.
7) Safe state property transfer infrastructure
8) Low prices
9) Short flight time (so not Dubai)

I sold most of my UK property. Now mainly into Morocco but stick to the Government backed 'plan azure sites'. These developments are far better than anything else in the Med, aimed only at the middle classes and in 5 years everyone will want to go unlike with short season Turkey and Bulgaria which are not aimed at the middle classes.

Tiggs_2

mid 50's + £100k doesnt make for much of a retirment.