Best way to invest £150k?

Phamous

Hello all!

I'm a complete newbie to investing so this seems like the perfect place to start with some advice.

I inherited a house a few years ago which I have just sold. (I lived in the house) I was fully intending to buy another house but I didn't find anywhere I loved enough and now I need to move out.

I have rented a house now and with a year's rent, some fees and some other funds needed, I have about £150k about to hit my account.

I have no idea what to do with it. Maybe I could buy a flat and rent it out but nobody seems to have any idea what's going to happen to the housing market over the coming year.

I wondered what your advice would be...?

Thanks in advance.

xylophone

If you know that you will need the money at short notice and want to hold it as a lump sum, you might consider NS&I Income Bonds.

http://www.nsandi.com/our-products

Linton

What do you want the money for? Buy a house? Save for retirement? Steady income? When do you want it? Next year or so? In 5 years? In 35 years? Unless you have some objective with a timescale its impossible to say how best to achieve the objective.

Dan83

P2P? Saving steam offers 12% and you could have your £150k fully invested in a number of property loans in no time.

There is quite abit of choice on the secondary market at present and at the moment it's a buyers markets.

Don't just take my word for it, it's free to sign up and look.

Make sure you know and understand the risk's before investing.

£150k would get you £1500 per month in interest.

Phamous

xylophone wrote: »

If you know that you will need the money at short notice and want to hold it as a lump sum, you might consider NS&I Income Bonds.

http://www.nsandi.com/our-products

Good plan. Thank you I will check that out.

Phamous

Linton wrote: »

What do you want the money for? Buy a house? Save for retirement? Steady income? When do you want it? Next year or so? In 5 years? In 35 years? Unless you have some objective with a timescale its impossible to say how best to achieve the objective.

That is a REALLY good point. I don't know yet.

Just about to get a divorce so I am taking a year in my new rented house to just breathe and get my head together.

Then after - I might spend a year in France.

I might buy a house to rent out.

I guess a good place to start would be invest for a year for a good return and not touch it.

Phamous

Dan83 wrote: »

P2P? Saving steam offers 12% and you could have your £150k fully invested in a number of property loans in no time.

There is quite abit of choice on the secondary market at present and at the moment it's a buyers markets.

Don't just take my word for it, it's free to sign up and look.

Make sure you know and understand the risk's before investing.

£150k would get you £1500 per month in interest.

Wow really? 1500 a month?!

I'm a complete newbie to investments.

I will check it out and read about it. In your opinion - how risky is it?

economic

Phamous wrote: »

Wow really? 1500 a month?!

I'm a complete newbie to investments.

I will check it out and read about it. In your opinion - how risky is it?

dont forget the tax on interest!!!

bigadaj

Phamous wrote: »

Wow really? 1500 a month?!

I'm a complete newbie to investments.

I will check it out and read about it. In your opinion - how risky is it?

Fairly risky, it's not a savings account and they can't be compared.

Slinky

Phamous wrote: »

That is a REALLY good point. I don't know yet.

Just about to get a divorce so I am taking a year in my new rented house to just breathe and get my head together.

Then after - I might spend a year in France.

I might buy a house to rent out.

I guess a good place to start would be invest for a year for a good return and not touch it.

So is your £150K about to become £75K if you're divorcing?

Startup1985

Another vote here for saving stream, 1% per month compounding.

However I would not put 150k in it, that would be borderline insanity, you don't want to put all your eggs in one basket right now espicially when the basket is secured against property and land!