Where to put £250,000 life savings?

xunil

eskbanker wrote: »

That's not the only problem of course - there is also the small matter of how completely inappropriate the recommendation of an unregulated investment would be to the 80-year old looking for safety and security....

I'll let the OP judge if it was inappropriate or not. Doing anything with your cash is a risk - regulated or not.

HappyHarry

xunil wrote: »

I always recommend Dolphin Trust as a good investment, they renovate Grade II listed buildings and convert them into apartments to sell off.

You get 10% returns per annum and you get your original money back after the chosen term (2 or 5 years)

The only problem is you can't invest directly with them, you need to use an agent.

Carrieanne wrote: »

Mum might want to consider a financial insurance policy - gold, the real stuff, in her own possession.

Is this thread some kind of feeding ground for high-risk recommendations? Is the poster for London & Capital about to throw their (unwanted) oar in too?

The OP said

Her aim is to minimise her risk but create some return as well.

Cash deposits, NS&I and a possible entry into a low-risk, regulated, diversified fund is about all that should be mentioned here. Not unregulated high-risk investments! :eek:

ColdIron

xunil wrote: »

I always recommend Dolphin Trust as a good investment

Congratulations, you are the winner of the prestigious 'worst advice' award for this thread

dunstonh

xunil wrote: »

I always recommend Dolphin Trust as a good investment, they renovate Grade II listed buildings and convert them into apartments to sell off.

You get 10% returns per annum and you get your original money back after the chosen term (2 or 5 years)

The only problem is you can't invest directly with them, you need to use an agent.

This is a wholly inappropriate and totally irresponsible and quite frankly stupid thing to recommend. I cannot emphasise how much so. You are a dangerous poster and I hope the OP does not give your post any consideration.

I have pressed spam on your post as I suspect you are trying to promote it as no sensible person would consider it for this scenario (and most other scenarios considering it is an unregulated investment with no FSCS protection with 100% loss potential and no guarantees to pay anything.

bigadaj

Not sure xumil's post is spam, more just stupid advice from an inexperienced individual.

Think he should go back to his debate about whether Xbox or PlayStation is better, I have a feeling he's far more experienced in that arena.