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Best way to invest a six figure sum

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  • Linton
    Linton Posts: 18,154 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Hung up my suit!
    Before thinking about what to invest in you need to be very clear what you want from your investments.

    For example:
    - sustainable income now
    - maximum income for the next n years
    - you want to buy a larger house in a better area in the next 5 years
    - an inheritance for the kids
    - maximum cash on hand for luxuries
    - to pay for early retirement

    You dont need to do the same thing with all your money. The best approach may well be to divide it up into separate transches with different objectives, You can only sensibly decide what to invest in when you understand what you are investing for, with timescales. So dont put in all in VLSxx, gold or whatever. Put it in a safe cash account - eg NS&I, and get your thoughts straight first.
  • BookerTee
    BookerTee Posts: 156 Forumite
    100 Posts I've been Money Tipped!
    You could lend it to me and I will double it in 10 years...
    ...or give it to a 'professional' who will double it for himself and give you the crumbs...
  • Genuine thanks to all for their suggestions above; I realise it has been a long time since my first post.

    I have been reading Smarter Investing by Tim Hale, started the OU managing my investments course and am looking into the Vanguard LifeStrategy options.

    Still early on in my learning journey, but my understanding is growing and the picture is all beginning to come together.
  • I'm in a similar situation to yourself, with a decent 6 figure sum, an average wage and mortgage not much of a problem. I'm probably less risk adverse than you, but leaving it in NSI would just be losing money. I've got 40% in about 10 different funds in HL. Mostly VGLS100. Been thinking about taking it out... but it keeps going up. £4K up this month. 35% in 8 diff p2p platforms. Averaging 10%. Bit of a gamble but it's mostly secured and everything's going well there at the moment. And 35% in cash earning 1-2%. Been dipping into it to top up, and another 10% will head into my S&S ISA in April.

    There's nowhere else I'd like to invest, so I'm happy with my 10 funds and 8 p2p sites for diversification at the moment :-)

    Andrew
  • Pincher
    Pincher Posts: 6,552 Forumite
    1,000 Posts Combo Breaker
    We are in 2017 already.

    Might as well wait till after the crash in 2018, and start from the bottom. Four years of no action, then things start picking up around 2022.

    Just my superstition, don't mind me.

    It does make thing simple, though, as I just have to look at what happened in 2007 and 2008, and assume things repeat themselves.
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