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Insurance Claim

MoAli_2
MoAli_2 Posts: 2 Newbie
in Savings & investments
Hello I’ve got paid 250k for a road accident that I had and atm I’m 24 no bills to pay with no education so I want to invest this money to better my future and have a early retirement. What are the best ways to invest this money? Really need help!

Comments

  • spadoosh
    spadoosh Posts: 8,732 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Photogenic
    The best place to invest your money is in yourself.

    There isnt anything that anyone can tell you on here that will guarantee you can live off that money however its very easy to live if you have skills or knowledge that is in demand.
  • dunstonh
    dunstonh Posts: 120,321 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    The best places (as it wont be one thing) will depend on you. Your objectives, plans, risk profile, capacity for loss, tax position (now and future), knowledge, experience and investment behaviour and a whole range of things.

    You haven't given anything to go on as to what may be suitable. It can also be a bit risky asking such things on the internet as you may get messages sent to you by scammers or dodgy individuals with their get rich quick schemes.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • MoAli_2
    MoAli_2 Posts: 2 Newbie
    Thing is I don’t need to live off that money I’m not in need of anything and am very aware about me I dropped out of school at 14 and have been working ever since I just need a few innovatives
  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    We could list as many 'innovatives' as you like, but they would be meaningless without knowing your circumstances.
  • HappyHarry
    HappyHarry Posts: 1,851 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    It would be best to book an appointment with a local Independent Financial Adviser.

    https://www.thepfs.org/yourmoney/find-an-adviser/
    I am an Independent Financial Adviser. Any comments I make here are intended for information / discussion only. Nothing I post here should be construed as advice. If you are looking for individual financial advice, please contact a local Independent Financial Adviser.
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