What to do with £300,000

cyprus35

I am about to receive half a million pounds, once I pay off my mortgage I'll be left with approx £300,000 to invest. I'm 35, single, live abroad on a British Forces base and earn a very good salary - so have no need of an income from this additional money.

I'd really appreciate some advice on how best to manage it. I'd considered investing in another property, but am not sure if this is the best way forward at the moment.

Jonbvn

With this amount you need to see an IFA when next in the UK.

Do NOT use your bank for this. Find an IFA here:
http://www.unbiased.co.uk/find-an-independent-financial-adviser/

Loughton_Monkey

Wouldn't like to give you any 'hard' recommendations on what to do with it.

But I would thoroughly endorse the comment about banks. It is quite possible that some of it will best be put into equity funds of some description, but amongst the myriad of options available, here, it is generally considered on these boards that products supplied by banks will often represent the poorest value, and be 'sold' to you by 'advisors' with limited training and an even more limited product range. They will probably be first to 'see' the money and might approach you.

So see an Independant Financial Advisor. Preferably one knowledgeable on the tax situation both in UK and Cyprus [if that's where you are]. He won't, though, probably be able to advise adequately on the "Buy to Let" option. Remember though that this option is not just an 'investment'. It is a 'business' and hence involves 'time', 'work', 'costs', and 'risks'.

darkpool

15 grand into 20 different companies. household names such as Glaxo, Shell, Vodafone

if some mug comes on here and says invest in silver just ignore them

bigfreddiel

i guess you live on or work in an SBA as I did a fw years ago, so you can use ISAs that will take care of £20k this year (10/11 and 11/12 if you invest before and after april)

SIPPs are another area to look at - its never too late - well almost I retire in 6 months! Anyway I wish I had done this many years ago.

well thats my 2 pence worth

fj

blinko

it sounds like your looking for capital growth, go see and IFA as bove NOT IN A BANK they will give you a 5-10 year plan,
ask them for a report and then come back here and we will give you our opinion

also i notice you only have 1 post, try and become active in the community here if we help you, the idea is we all share informatin to help each other:money:

joerugby

Today's FT has an interesting article about how to invest to beat inflation (or "stagflation").

http://www.ft.com/cms/s/2/f7f6a92a-2b03-11e0-a2f3-00144feab49a.html#axzz1CRFQTwno

The most interesting part for me were the charts from Rathbones and Bestinvest which are recommendations of how to balance a portfolio to meet this objective - you'll need to buy the print version to see these - £2.50 well spent in my opinion

Rollinghome

cyprus35 wrote: »

I am about to receive half a million pounds, once I pay off my mortgage I'll be left with approx £300,000 to invest. I'm 35, single, live abroad on a British Forces base and earn a very good salary - so have no need of an income from this additional money.

I'd really appreciate some advice on how best to manage it. I'd considered investing in another property, but am not sure if this is the best way forward at the moment.

One way would certainly be to see an IFA, or several, but be fully aware of their limitations. The qualifications for being an IFA are very rudimentary and most are from a sales background so don't expect too much. Their advice will generally be confined to retail products that pay them commission so don't expect them to recommend anything else.

If you decide that would be enough then ask for a fee-based, not commission based, arrangement to reduce the likelihood of "commission-bias" and make sure it's the real thing and that that they return all commission to you, including annual trail commission. Caveat emptor.

Far better would be to do some reading so you at least have some knowledge to judge the quality of any advice given. You could look at:

• The Financial Times Guide to Investing £12.49 http://www.amazon.co.uk/exec/obidos/ASIN/027372374X - describes the pros and cons of a wide range of investments. New 2010 edition.
• Smarter Investing - Financial Times series £9.99 http://www.amazon.co.uk/exec/obidos/ASIN/0273722077 - about setting financial goals and how to get there.
• Be Your Own Financial Adviser - Financial Times series £9.99 http://www.amazon.co.uk/exec/obidos/ASIN/0273727796 - Includes how to choose an IFA if you needs one and how to avoid the dodgy ones.
• Save and Invest - "Which?" Essential Guides series £6.13 http://www.amazon.co.uk/exec/obidos/ASIN/1844900444 - basic easy read.

(The prices will have gone up slightly since last I checked.)

You could also put your question to Justin Modray, a very experienced adviser often seen/heard on TV/radio, who gives very detailed replies without charge. http://candidmoney.com/

snowqueen555

darkpool wrote: »

if some mug comes on here and says invest in silver just ignore them

I have a litte silver but this made me :rotfl:

anjb

What a great amount!
Agree see a couple of IFAs.

If it was my money i'd diversify. Split it into low/medium/high risk.

As you say you are young so there is scope for some risk.
Also enjoy some of it as well

Good luck!

amcluesent

I'd ring John Paulson. Feel free to mention my name...