where to place my £50000 lump sum

gadgetmind

jamesd wrote: »

I do agree that a fund manager can choose to make a lot of poor decisions and lose a lot of money.

"Can choose to"? You make it sound like it's deliberate rather than just being rather inevitable.

NAR

OP i'll not enter the debate about safe or unsafe investments. My suggestion is put £30k in premium bonds, where you can get all your money back as and when you like, with the possibility of a number of prizes. You can then invest in ISAs and other speculative funds with the rest of your lump sum. That way you have a balance of safe and gamble with your pot of money.

EdGasket

Ref "Thanks for the examples and I'm sorry to read that you lost that money, though it doesn't appear that either of the investments was a fund, both seem to have been investment trusts."

An investment trust is a closed-end fund:
http://www.businessdictionary.com/definition/investment-trust.html

jamesd

gadgetmind, some will make poor decisions. Agree that my wording was poor.

EdGasket, OK, though they are more aimed at professional investors and tend to use leverage, raising the risk compared to the more commonly used unit trusts, OEICs and SICAVs.