Investment advice

MGD56

Just retired and have no debt, good monthly pension. I have £200k lump sum coming which I need to put somewhere. Not sure what to do? Any advice please

bigfreddiel

90% all share tracker and 10% gilts

Cheers fj

Linton

What do you want the lump sum for? What timeframe? Without some basic requirements it's impossible to sensibly say anything other than broad generalities. eg If it's for the long term (>5-10 years) you should have some in cash and most in share and probably bond based investments.

Once you know what you want the money for, with £200K it should be very worthwhile consulting an IFA, particularly if you have little investment experience.

Undervalued

Linton wrote: »

What do you want the lump sum for? What timeframe? Without some basic requirements it's impossible to sensibly say anything other than broad generalities. eg If it's for the long term (>5-10 years) you should have some in cash and most in share and probably bond based investments.

Once you know what you want the money for, with £200K it should be very worthwhile consulting an IFA, particularly if you have little investment experience.

If you can find a good one maybe but so far I have struggled.

greenglide

If you can find a good one maybe but so far I have struggled.

You need to define "good" then.

You may have struggled because of where you live or whether it is a personal relationship thing?

dunstonh

greenglide wrote: »

You need to define "good" then.

You may have struggled because of where you live or whether it is a personal relationship thing?

Undervalued has his own thread on the subject. His experiences are of 2 advisers (one from 10 years ago and one from 5, which he did not employ - so both pre RDR). So, that is a sample of 0.009% of the current adviser base.

I fear his problem is that he wants is not consistent with what an adviser can deliver. Especially post RDR with its increased due diligence and compliance requirements. Hence the problem.

xylophone

While you are thinking, you could safely hold the cash in NS&I Income Bonds.

http://www.nsandi.com/income-bonds

http://www.thepfs.org/yourmoney/find-an-adviser/