Lump sum

mitchell

Looking for ideas relating to investing a lump sum

what are the basic invesments i should be looking at?
Risk is medium
50years old

unsure on funds there are so many to chose from???

Idea so far
use this years stocks n shares isa ( again what do i go for?)

use this years cash isa

emergency fund 6months net pay

£65k

please please please some ideas???????????????????

Thankyou

Totton

Hi mitchell,
I don't know your circs but with 15k aged 50yrs and able to tie the money up for awhile (i.e medium risk) then I would ensure that I had 6 months living expenses in an easy access account. Then I would open a fund supermarket account and put the remainder in funds or investment trusts.

Let's say you have 5k left to invest, no point going for lots of funds so I would suggest going for just a couple of Investment trusts or 5 funds. if the IT's appeal I would go for Troy Income & Growth (TIGT) & Personal Assets (PNL) although these are a little pedestrian so you may prefer something racier such as Templeton Emerging Mkts (TEM) and Temple Bar (TMPL).

If going for OECIS then consider Hargreaves Lansdown fund supermarket and 5 funds @ 1k each to start you off. perhaps Troy Trojan, Newton Asian Income, M&G Global Basics, First State Global Emerging Markets and Threadneedle UK Equity Income may be worth looking at.

All of the above are just a flavour, if it were me I'd definitely make sure that I had that I had the rainy day money sorted out first, I'd then invest a few quid buying a decent book such as Tim Hale's Smarter Investing, after reading that you may decide to for tracker funds or follow one of his 6 suggested portfolios.

Best Wishes,
Mickey

atush

Fill up your cash ISa, and put 15K into NSI index linked scs. Then fill up your S&S isa with low/med risk income and growth funds.

Then I would invest in regular savings in cash, and investment trust savings plans investing 250 in the former (500 joint) and several hundred in the latter.

For the rst I am not sure as you haven't mentioned other savings, if you have a mortgage, and pension.

I would say pay more into your pension (lump sum perhaps) overpay your mtg each month if you have one, and save moreinto a longer term depsit acct but hard to say how much in each as we don't know your true picture incl if youare working, what rate tax you pay and when you think you will retire.