Help debt free at 30

Field_sheep

Okay so this still hasn't sinked in yet but I inherited just over 200k, it's sat in my normal bank account for just under 4 weeks whilst I try and get my head round it. I paid my mortgage off and after a holiday and treats I will have the best part of 100k left! I'm single with no children or pets! I'm mortgage free and I'm female and I haven't a clue how to invest it wisely before I spend it! I'm not thick it won't last forever but I hope I can invest wisely? Any ideas what to do? I earn over 1,300 a month too?

Murphy2011

Field Sheep, fantastic news! What a position to be in! Re what to do I suppose a lot depends on how you feel about your current job, whether you want to travel, invest, retire early....£100k could help with a lot!
I would probably just spend a little time thinking at the moment, there is no urgency to do anything so just pop it into an interest bearing account, decline any offers of help from the bank or building society that you save it in as they definitely won't give you the best advice and decide what your heart and head are telling you! If you look to invest then have a look on unbiased.com which will tell you how to find a local fully independent financial adviser and frankly, good luck and have fun enjoying your new situation!

midnight_child

Will you marry me? :rotfl:

Seriously though, congratulations & I agree with murphy's sentiments.

Dont listen to anyone that says invest in X, Y or Z now or you will "miss the boat". These people are invariable blaggards that just want to part you from your cash. You are young and have plenty of time to decide on how you want to use it. Even if their advice was correct and X, Y or Z increases in value, then you still have the cash and there will be another boat along shortly.

MC