£ 80,000 to invest

adviceline

Got £80,000 to invest and safeguard my kids future as my wife is terminally ill. If anyone out there has any ideas I would be grateful.Its not a lot of money in that sense but cant be wasted.
There are other funds available at a push but dont want to gamble everything.

HappyMJ

If you don't want to gamble the capital then go for capital guaranteed products...cash isa's, fixed term deposits. You could gamble with the interest you receive by investing the interest into shares.

You might not think it's a lot but it's enough to speak with an IFA to get some more options.

BugsyBrowne

adviceline wrote: »

Got £80,000 to invest and safeguard my kids future as my wife is terminally ill. If anyone out there has any ideas I would be grateful.Its not a lot of money in that sense but cant be wasted.
There are other funds available at a push but dont want to gamble everything.

£80000 is a hell of lot money as you actually have the money, it's like 3k don't look a lot when you've spanked it away On a credit card, but when that 3k is in front of you it's a different matter, invest wisely.

pinkdalek

£80k is a lot of money to invest but also have you thought about how much you are worth? For example if you own your property etc.

You would be wise to get some professional advice, many banks offer money management advice service, generally if you have more than £200k.

Getting professional advice is a much better option than just sticking it in "cash" based savings accounts which are accountable when care home fees, benefits etc come into account. There are options out there were you can invest safely in trust so it is safe for you and your children. Please just don't stick it in a fixed account paying for example around 4% it isn't always the best route.

xylophone

Is the money specifically intended for your children?

toadhall

we had a payout of a similar amount of money last year. Money was tight before then so we used it to completely upgrade the house which desperately needed doing, paid a chunk of the mortgage, opened isa's and savings accounts, treated the children to things and now have roughly £10,000 left to have a few nice holidays and not worry about it.
Sorry about your wife, are you able to go away so those left behind can have happy memories?

bluebird

I am sorry to hear about your wifes condition and although i cannot offer advice regarding where best to place your cash i do wish you well and hope you take proper finacial advice from a proper finacial adviser.

Spooneroonie

I'm so sorry to hear about your wife too, and wish you all the best for what must be an incredibly difficult time. I would agree with the sentiments above that 80k is a pretty significant sum, and definitely worth getting professional advice. I would ask around your friends to see if any of them have an advisor that they have had experience over a reasonable period of time, and that they would recommend. Take care.

heloid

Best wishes for you and your wife. I'd post this again in the Savings & Investments part of this forum, those guys focus on this a bit more than here:
http://forums.moneysavingexpert.com/forumdisplay.php?f=17

opinions4u

What debts do you have?

What rates are you paying on them?

Do you expect to get any further life assurance payouts? (sorry to ask)

Debt reduction may be the best way to give them the best possible childhood. If you are keen to invest then I'd get along to an IFA. Www.unbiased.co.uk.

FrugalFranny

Hello, sorry to hear about your wife and good for taking action now rather than later.

A relative on mine passed the other day leaving shares to be sifted through, they never had to worry too much about cash flow and had a steady income from them right up until they died.

'Premium Bonds' are a good investment from what I've seen, one of two wins a year and it's better than your average savers interest rate. Also picking up a few shares in 'water' could prove handy with all this drought business. Recentally china invested large sums in UK water companies so things may be on the move there soon, and as a stock market broker was saying only the other day, sooner or later water will be traded just like any other commodity (which currentally is against the law and so it should be imo!). But these are the times we live in.

Other than that fossile fuels (petrol,coal) and utiiltys (gas,water,leccy) are usually ones for of the safer bets, and possibly things of a medical nature/medcines if you know what 'trends' are coming up (obesity crisis = diabetes, high blood pressure...etc...so insulin, statins and so on will be in demand).

I'm not a professional so don't take my advice as gospel, I may be way off the mark (just a disclaimer, don't want people losing their hard earned pennies on the word of a silly old lady with a cat addiction )

Have a good dig around the net, check out the stock markets around the world for a few weeks to see what's going up/down/sideways and vanishing and keep an ear out on world affairs. Then it's up to you and your gut instinct, if your not sure, be safe not sorry, opertunity knocks more than once in life.

If of course you really think you need professional advice, shop around.