a bit of a fantasy - what would you do if you had a £100000 windfall?

tara747

I have almost £100k in savings and I never get excited about it, probably because I've built it up slowly over the last 8-9 years.

I suppose winning £100k all in one go would be more of a thrill!

What would I do? I'd save/invest £80k, and take a trip round the world with the rest

Pincher

What you really want is for somebody to give you £100k when you have no house, no mortgage, so you can just buzz off for a year or so. I had £5k in my late twenties, and made it to Hong Kong, overland, no flying. If I had £20k, should have been able to do Australia and America.


Nowadays, I worry if I go away for two weeks.

zolablue25

Keep £20,000 in a holiday fund to be used over the next 4 years.
The rest would go into Stocks and Shares ISAs (2x adult, 1x Child).

lisa110rry

I'd probably put it in some sort of savings account with the thought of filling my ISA each year and using some of it to buy a new car (mine are 13 and 16 years old but still going strong). In reality though, the money would remain invested for my retirement along with my annual ISA which comes from savings from my salary and the car would never be bought and holidays would still come out of my income. And to make matters worse, I probably wouldn't retire but go on working as long as I can...

sharpharp

I'm surprised at so many suggesting ISAs, the rates are rubbish.
100K would be better split up and invested in High Interest Accounts current/savings accounts until a rate rise happens.
Double up savings if you have a partner and use tax incentives where possible ;-)

Futuristic

I'm about to reach 80K with most in current accounts and some going to regular savers.

Early 20s, single and living with parents so living cost is extremely low. Will be putting excess into S&S ISA probably for at least 5 years+ when I look into getting a sizeable property for myself.

justme111

Linton , whichever way you use it it would result in hassle then. Which is exactly what you don't want while on monetary front all your needs and desires are covered. Good illustration to relative value of money. As an author of this topic I believe it would be right if you send that money to me should it happen to pounce on you.
Sharpsharp, people who mention isas are probably talking about s&s ones , not cash.

chucknorris

Malthusian wrote: »

I would spend half on booze, fast cars and loose women. The rest I would squander.

[/ObGeorgeBest]

He nicked that quote from George Raft, but as the link suggests that he also probably wasn't the first to say it:

http://quoteinvestigator.com/2010/05/19/gambling-women/

Eco_Miser

sharpharp wrote: »

I'm surprised at so many suggesting ISAs, the rates are rubbish.
100K would be better split up and invested in High Interest Accounts current/savings accounts until a rate rise happens.
Double up savings if you have a partner and use tax incentives where possible ;-)

Cash ISA rates are rubbish, but S&S ISAs are likely to beat even the highest of High Interest current accounts.


What would I do? Well there's a few local good causes that would benefit from a £k or two instead of just my time. Investing the £100k would provide that forever.

darkidoe

Archi_Bald wrote: »

£15Kish limit, so it would take 6+ years

Hmmm true. SIPPs then? Any sort of investment that will hopefully beat inflation in the long term!