Have 100k To Invest!

isofa

IvanOpinion wrote: »

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

I guess it depends on your approach, and of course if their mortgage rate (fixed or otherwise) can be beaten with investment rates.

Personally, and it's only my personal take, I like to have a little debt as possible, and mortgages are the biggest drainer IMO. But there are other approaches, as Ivan suggests.

PS vball ignore moremoneygurus post, it's spam, and cheerfulcat has reported it.

McSaver

I'd pay the mortgage, it would be good situation to be in because you would become mortgage free and you wouldnt have to think about that monthly payment anymore, you would have that monthly amount to invest plus the 50K left over after the mortgage has gone.

mussgo

Thats 50k PLUS the monthly mortgage amount (that would be over 300 a month) ....... thats what I would be looking at.

But I am debt adverse and dont trust the what the future holds! (I never took out an endownment as I said at the time you can not gaurantee that rates wont fall. I was laughed at!!).

I am well aware I will never make millions at the stock market. But plenty do make money there.

To the OP, dont make rash decisions, do lots of research, understand how much risk you are prepared to make (what are you prepared to lose). \How long you want to tie your money up. Understand all risks.

Good luck!

vball

Im on a fixed rate of 5.5% for the next 3 yrs and I would probably get cold feet at around 25% before I pulled out.

The financial advisor at RBS told me they could invest the money for me and the fund they were talking about has been returning 19.8% per annum for the last few years. ) although I find this hard to beleive) Dont ask me what it was as I was only with hi=m for 20min due to work. But I will be going back to see him after work this week. So will keep you all informed.

:beer:

Aegis

An RBS adviser is likely to be a tied agent, which means that he's not going to be able to offer you the whole of market range of investment funds. You'd be better off going to see an Independent Financial Adviser, as they can offer you the best funds for your risk profile, and probably at a lower cost than the bank's agents.

dunstonh

The financial advisor at RBS told me they could invest the money for me and the fund they were talking about has been returning 19.8% per annum for the last few years. ) although I find this hard to beleive)

Thats about right for a medium risk fund or higher. Of course, the last few years doenst average out the ups and the downs you get and is selective timing.

But I will be going back to see him after work this week. So will keep you all informed.

Cancel it. He is a tied rep with around 15 funds (compared to around 20,000 fund links an IFA has access to). Plus, as Aegis says, ht is probably more expensive as well.