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Looking For ideas

Ok so I am 28 and with savings, bonuses and some inheritance I am looking to have a figure of around £80,000 by the summer. I am financially stable, pension, full time employed, no children and I have accommodation (forces). I am looking to use this money to do something with to try and accumulate a further income of roughly £300+ a month(minimum if possible). I am not a first time buyer as I owned a home a few years back now and my knowledge of stocks and shares etc is pretty much non existent. My question is what would people recommend as the right way to go whether it be to do with properties, into savings accounts etc.

Comments

  • DomRavioli
    DomRavioli Posts: 3,136 Forumite
    1,000 Posts Combo Breaker
    You need to do your own research.

    Perhaps consult an independent financial planner - with that amount you would be best placed to seek professional help.
  • fragmented
    fragmented Posts: 1,657 Forumite
    1st thing to do is ignore all the MLM offers from people/members (probably via PM inbox) wanting you to join their downline, that your post will attract.
  • I'm going to seek professional help also, but figured i would ask on here aswell so i don't wonder in clueless and get taken for a ride
  • joeyjimbles
    joeyjimbles Posts: 2,253 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Might you have more success on the investments part of this site? I think the Boost Your Income title is open to interpretation a bit but it's mostly people trying to make a bit more money from doing stuff additional to their day job, rather than investment for the main part.
    Good luck however.
    LD 12.25 £1600.00/£0700.00             Fn £274.00  LTFn £525  LLTFn £300     
    Renewal 25 £500.00/£500.00            InsH 12.25 £600/£600.00   InsP 03.26 £150/£150.00
    NPt 12.25 £150.00/£051.50               Ins/TC 02.26 £550/£470.00
    YX25 £1500/£0750                             FD £3600/£0600
    PX25 £1500/£0625                             P6m £1200/£0800  PEa £100/£060          
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