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bella123
Posts: 209 Forumite
i received 1,6 million in compo should i invest in the stock market or put in a high interest account????????
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Comments
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Wanna new best friend?
Just run, run and keep on running!0 -
Its a personal decision that everyone differs on. What someone else does shouldnt have any consideration on what you do.
What you should be more concerned with initially is taxation and forward planning as to what it needs to do for you.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
i would put some in an high interest account
use uo your isa allowances first as you will probably end up being a higher rate tax payer by the time you receiver your interest on 1.6 mil, but i would
invest some in interest account
some in stocky market
some in property0 -
Invest it all in a high interest account and live of the interest. No money worries for the rest of your lifeAoccdrnig to a rscheearch at an Elingsh uinervtisy, it deosn't mttaer in waht oredr the ltteers in a wrod are, the olny iprmoetnt tihng is taht frist and lsat ltteer is at the rghit pclae. The rset can be a toatl mses and you can sitll raed it wouthit porbelm. Tihs is bcuseae we do not raed ervey lteter by it slef but the wrod as a wlohe.0
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Tayus wrote:Invest it all in a high interest account and live of the interest. No money worries for the rest of your life
Thats hardly a tax efficient method and likely to give the lowest overall return.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Not to mention that if the savings company went under only the first £35,000 would be eligible for compensation!
I'm not convinced it is a serious question. If it is then start by paying for some financial advice.0
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