Have 100k To Invest!

vball

Hi all

New to the forum and would appreciate any advice.

I have 100k to invest, what should i do with it. I have a 50k mortgage and no debit. my wife and I are still working so this doesn't pose a problem.
We have maxed out the ISA thing so need to invest the rest.
We also have two kid under ten but I'm getting conflicting info on putting some money in their name.
Any advice will be very much appreciated.

dunstonh

risk attitude?
tax position?
time scale?

that will do for starters.

samnmalc

if it was me , I would pay off the mortgage and stash the rest in a high interest account , and gradually move into an isa.

dunstonh

samnmalc wrote: »

if it was me , I would pay off the mortgage and stash the rest in a high interest account , and gradually move into an isa.

none of which is investing. Which is what the op was asking for.

vball

Im a 225 tax payer, wpuld be happy to take a medium to low risk on any investment and would be happy to put the money away for 5 years.

Thanks

Aegis

vball wrote: »

Hi all

New to the forum and would appreciate any advice.

I have 100k to invest, what should i do with it. I have a 50k mortgage and no debit. my wife and I are still working so this doesn't pose a problem.
We have maxed out the ISA thing so need to invest the rest.
We also have two kid under ten but I'm getting conflicting info on putting some money in their name.
Any advice will be very much appreciated.

I know dunstonh has already asked a few questions, but out of interest for the situation, are you on a fixed-rate mortgage (if so, at what rate and for how much longer), and are you currently comfortable with the percentage of your money that goes into mortgage repayments every month?

Note that I'm not a financial adviser in any way, shape or form, I'm just trying to think of what I'd do in your situation!

dunstonh

In addtion to Aegis' questions (Which are important as you may be on a 7% mortage rate), what do you mean by medium/low risk?

We need to put that in context as low to one person could mean high to another. In a very simple question, how much would the investment have to drop in any one year period before you got cold feet and pulled out? 10%, 20% , 30%, 40%?

SussexResearcher

I have to declare that I am NOT an independent financial advisor or anyone remotely connected to the financial services. So I have no personal interest at all.

I will give you this advice. If I had £100,000 to invest, I would call a reputed (independent) expert in wealth management and discuss my situation with him/her and invest offshore. I personally would say I am prepared to see my investment value drop by up to 25% in any bad year but expect growth in double digits in good years. From then on, receive periodical reports, keep asking questions from time to time and relax.

isofa

Although not investing, I'd personally clear the mortgage off instantly and then invest 50K instead. Then you won't be paying interest on a debt, you'll be able to save more of your salary.

Depending on your approach, you could be more risky with 25K in stocks/shares (probably with an IFA guiding) and lock the rest away in high interest accounts/bonds which are risk free.

IvanOpinion

Surely if the OP has, for example, a fixed rate mortgage of say 5% (or less) then they would be better NOT to pay the mortgage off since they should be able to get a better return even in short term investment?

Ivan

cheerfulcat

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