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Investing 70,000 at 53 years old
Karmo
Posts: 16 Forumite
Im a UK citizen ; tax payer too . 70,000 to invest safely as possible . Im no gambler as the money did not come easily .
I was thinking of buying a flat to rent out but as I live overseas this seems like a fair bit of hassle and I could be faced with big bills for repairs evictions etc . Plus I have zero experience in the field .
How should I invest it? I would like to get as much monthly return as possible and have the lump sum available when Im older . I have contacted IFAs in the UK but they all want to have an in person meeting with me . But Im overseas at the moment
Thanks for any suggestions .
I was thinking of buying a flat to rent out but as I live overseas this seems like a fair bit of hassle and I could be faced with big bills for repairs evictions etc . Plus I have zero experience in the field .
How should I invest it? I would like to get as much monthly return as possible and have the lump sum available when Im older . I have contacted IFAs in the UK but they all want to have an in person meeting with me . But Im overseas at the moment
Thanks for any suggestions .
0
Comments
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You can't really have 'safe' and 'as much monthly return as possible'.
If you aren't prepared to risk any of your capital then you are looking at high interest savings accounts which will just about keep pace with inflation but you may have trouble opening some if you are not currently resident in this country.
Do you have a pension ?0 -
Why not put the cash into a savings account in whichever country you are living in?"A nation's greatness is measured by how it treats its weakest members." ~ Mahatma Gandhi
Ride hard or stay home :iloveyou:0 -
You'd be better posting on this board:
http://forums.moneysavingexpert.com/forumdisplay.php?s=&daysprune=&f=170 -
You'd be better posting on this board:
http://forums.moneysavingexpert.com/forumdisplay.php?s=&daysprune=&f=17
see here > https://forums.moneysavingexpert.com/discussion/5661578"A nation's greatness is measured by how it treats its weakest members." ~ Mahatma Gandhi
Ride hard or stay home :iloveyou:0 -
OP - so didn't you like the replies you got to your earlier post?0
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