600K to invest needs some impartial advice

Hibidibi

Marine_life wrote: »

More info needed.

1. What other assets do you have?
2. When will you need the cash?
3. Do you have income or are you looking for this to produce an income for you?
4. How old are you and what are your plans for retirement?

Thanks for all your feed back and advise regarding this just to respond to some questions.

1 i have 3 propertys that i own probably totaling 1.2 million and have no debts against them. i also own 4 cars outrigfht about 130k worth
2.i dont realy need the cash for day to day living and its been sat in a instant savings account for 3 months.
3 yes i have a income of 5k per month that i can easaly live of#
4 I am 36 and have mad no plans about retirement althou i do own 2 aditional property that i rent out.


I apreciat what people say about seeing an IFA i would rather take
my own risks with the cash a spread it over sevral arears.

Thanks again

Paul

Hibidibi

bendix wrote: »

This thread is a disaster waiting to happen.

why is this thread a disaster waiting to happen?

jimjames

Hibidibi wrote: »

2.i dont realy need the cash for day to day living and its been sat in a instant savings account for 3 months.

Can we ask why you moved it from a savings account where it was presumably earning some interest to a current account where it presumably earns none?

darkpool

Hibidibi wrote: »

Thanks for all your feed back and advise regarding this just to respond to some questions.

1 i have 3 propertys that i own probably totaling 1.2 million and have no debts against them. i also own 4 cars outrigfht about 130k worth
2.i dont realy need the cash for day to day living and its been sat in a instant savings account for 3 months.
3 yes i have a income of 5k per month that i can easaly live of#
4 I am 36 and have mad no plans about retirement althou i do own 2 aditional property that i rent out.


I apreciat what people say about seeing an IFA i would rather take
my own risks with the cash a spread it over sevral arears.

Thanks again

Paul

if you are 36 and worth a couple of million you should be giving out the advice

Hibidibi

jimjames wrote: »

Can we ask why you moved it from a savings account where it was presumably earning some interest to a current account where it presumably earns none?

sorry its in an instant access savings account

ed123_2

.....its quite amazing that someone who has accumulated £600,000 has it in a current account.....in order to amass such a sum you must have more financial knowledge

PipPip

Could be inheritance. In the original poster's shoes, at that age with that much money I would see an IFA (or two to compare the advice/options) without hesitation.

cashbackproblems

I would also invest abit of it in GCSE English and learn how to spell.

Hibidibi

PipPip wrote: »

Could be inheritance. In the original poster's shoes, at that age with that much money I would see an IFA (or two to compare the advice/options) without hesitation.

i have worked for it and now want it to work for me

Hibidibi

cashbackproblems wrote: »

I would also invest abit of it in GCSE English and learn how to spell.

lol thanks cashbackproblems.. i got kicked out of school early