Best way to invest £150k?

Phamous

Slinky wrote: »

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

Ha - luckily no. I inherited the house and an inheritance does not normally form part of the marital pot - unless any part of it is shared which it wasn't.

We'd been married a few weeks when I asked my husband to leave (long story, not the time or place) so he has no claim on the house.

Jeems

Startup1985 wrote: »

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!

So do you actually get 1% a month regardless of the amount you put in? Do you think they'll be able to keep this up in the long term, especially with possible brexit / housing ramifications?

ro2778

I'd stick 15,200 in stocks and shares ISA and then buy asap because the market is in shock after brexit but not sure how long that will last. I'd open all the instant access bank accounts that pay interest and cycle the money around. Save 20k for next years ISA allowance and invest some more. Perhaps with the rest buy a city centre flat in a place like Liverpool as property is still cheap there and university plus city foot flow means high rental demand.

Startup1985

Jeems wrote: »

So do you actually get 1% a month regardless of the amount you put in? Do you think they'll be able to keep this up in the long term, especially with possible brexit / housing ramifications?

Yes correct every month you recieve 1% of your invested money back as interest and then all of your capital back at the end of term unless you sell the loan part on the secondary market, because of the monthly compounding you actually get a rate of 12.6% over the year of you reinvest your interest.

Phamous

Thanks for your advice - much appreciated.

I move house in 3 weeks, so when I am settled and I have the money in my account, I will go through all of your suggestions, do some research and I'll be back to tell you what I decided to do.

This is exactly what I needed - to take some well-informed advice about which direction to think about going in and to set off a chain of thoughts and research.

Thank you!

buglawton

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.

Surprised you are recommending someone put their life savings into what sounds like a too-good-to-be-true product.

If you can really receive 12% pa then the lending-out rate must be at least 14%. Only risky borrowers who cannot obtain bank loans or mortgages, e.g. are failing conventional credit checks, would be borrowing like that.

P2P lending is the sort of thing you could dabble in with maybe, just maybe, 10% of your savings.

[ edit ]
A cautionary article to read:
http://www.thisismoney.co.uk/money/saving/article-2621707/Why-lending-6m-day-total-strangers-fears-grow-boom-risky-websites-offer-savers-returns-18.html

economic

buglawton wrote: »

Surprised you are recommending someone put their life savings into what sounds like a too-good-to-be-true product.

If you can really receive 12% pa then the lending-out rate must be at least 14%. Only risky borrowers who cannot obtain bank loans or mortgages, e.g. are failing conventional credit checks, would be borrowing like that.

P2P lending is the sort of thing you could dabble in with maybe, just maybe, 10% of your savings.

[ edit ]
A cautionary article to read:
http://www.thisismoney.co.uk/money/saving/article-2621707/Why-lending-6m-day-total-strangers-fears-grow-boom-risky-websites-offer-savers-returns-18.html

agree. i would say even 10% is too high. personally i have 1% of my net wealth in p2p - about 8k.

Missus_Hyde

buglawton wrote: »

Surprised you are recommending someone put their life savings into what sounds like a too-good-to-be-true product.

If you can really receive 12% pa then the lending-out rate must be at least 14%. Only risky borrowers who cannot obtain bank loans or mortgages, e.g. are failing conventional credit checks, would be borrowing like that.

P2P lending is the sort of thing you could dabble in with maybe, just maybe, 10% of your savings.

[ edit ]
A cautionary article to read:
http://www.thisismoney.co.uk/money/saving/article-2621707/Why-lending-6m-day-total-strangers-fears-grow-boom-risky-websites-offer-savers-returns-18.html

agree. i would say even 10% is too high. personally i have 1% of my net wealth in p2p - about 8k.

As above. I've only got 5% in P2P and although I would emphasise that I've had no problem at all with it, I wouldn't want to invest any more, particularly as things are a little unstable at present.