What would be the best way to invest £100,000 for regular income?

smjxm09

I had a spare £100,000 that I wanted an income from and my IFA suggested the Prudential Cautious fund. It is a smoothed fund with life assurance attached that I can draw an income from which is based on multi asset investments. I have decided to draw 3% income from it while leaving hopfully any surplus profits to grow the value of the fund.

smjxm09

I had a spare £100,000 that I wanted an income from and my IFA suggested the Prudential Cautious fund. It is a smoothed fund with life assurance attached that I can draw an income from which is based on multi asset investments. I have decided to draw 3% income from it while leaving hopfully any surplus profits to grow the value of the fund.

The fund is no good for a short term investment as an IFA will want hit cut for setting it up though.

Apodemus

Just to throw another suggestion into the mix... As a student, might you consider buying a student flat that you can live in and let out the other rooms to your fellow students? That way you have the benefits of reducing your own costs, getting some income, on-hand to look after the property, no capital gains tax on any increase in property value and already on the property ladder for the longer term. When you graduate, you can then decide whether to stay there, sell up and move on, or retain purely it as a letting business.

mb1986

greenglide wrote: »

So you are quite happy to suggest that the OP buys BTL, P2P and, scarily, matched betting and website development but suggest staying clear of S&S investment because they need to be "savvy"

The OP hasnt given sufficient information to make any of these suggestion.

We need to know what the long term plans are for this money. S&S investments may well be the best home for this in the longer term but not if the plan might be to purchase a home after leaving university (assuming the OP does not already have a home).

A HTB ISA or a LISA (held as cash rather than S&S) may be appropriate for some of it.

What you said is right. But I still stand by what I said - most of the advice I posted is a lot easier for people to research and get the help and guidance and easier for a beginner to get started in.

Where as S&S I feel is more of a risk take, something that someone studying full time would find more of a learning curve, especially when parting with £100k.

I don't know, just my two cents. Each to their own, if your more comfortable with stocks and shares, thats great. The op asked for suggestions, and I merely gave them.