Educate Me

colsten

I haven't seen anyone mention pensions, or investments for the partner and/or the kids, which may well be sensible elements in OP's overall investment portfolio. This can only be assessed after a lot more information is known, and the assessment should really be done by an IFA or Chartered Financial Adviser.

xylophone

or investments for the partner

Post 2

P.s if you are marrie, then with two isa allowances you can get it all in over this tax year and next, eg next 6 months

Post 4

Have you and your spouse used up your ISA allowances for this year?

Surgeon

Thank you all very much for your advice and links. I am very grateful, and I am glad I posted here; otherwise I would have been down to the bank on Monday with my money.
I think I would definitely get an IFA (any recommendations around Pinner, Harrow, or anywhere else?)

Surgeon

20% UK Index Trust (FTSE all share) - 13.9% ytd
20% All stocks Gilt Index (UK Government Bonds) - 11% ytd
20% International Index Trust (International shares ex UK) - 22% ytd
10% Global Emerging Markets Index Trust - 11.9% ytd
10% Global Tech Index Trust - 32% ytd
10% US Index Trust - 25.4% ytd
10% Global Emerging Markets Local Currency Governmrnt Bond. - 11.8% ytd

Would love these kind of returns.

Remind me how much interest the bank gives you?

You would probably think that i am an idiot, but the money is actually in my current account, so 0%

Surgeon

Albermarle wrote: »

Assuming by high risk you mean in conventional/regulated investments ( like shares/stock market ) and you would be sensible enough to avoid very high risk/scam type products , like storage pods, car park spaces , products with 'guaranteed' high returns.

Absolutely. I don't have time to go near those other types

Afraid_of_Kittens

Surgeon wrote: »

Would love these kind of returns.


You would probably think that i am an idiot, but the money is actually in my current account, so 0%

I am mortgage and debt free with 3 Local Government Pensions - 2 that I will get when Im 60 and 1 at 65. I have a growing NEST pension pot.

My stocks and shares ISA is with Legal and General becasue I already had an insurance policy with them. I can afford to gamble abut £250 per month feeding my ISA - come a recession I could lose 50% plus of my investments but Im in it for the long run. My little portfolio is a 'slow and steady' strategy with minimum intervention. It is growing nicely (and my wife can't get her hands on it!).

Most important past performances are no guarantee of future returns etc...

Afraid_of_Kittens

Surgeon wrote: »

Would love these kind of returns.


You would probably think that i am an idiot, but the money is actually in my current account, so 0%

10 years ago I sold a house and left £230k in my 0% return current account for a month. Imagine my face when I asked what interest I would get and be told I had left it in the wrong account (this was before online banking and monthly paper bank statements)

colsten

Surgeon wrote: »

I think I would definitely get an IFA (any recommendations around Pinner, Harrow, or anywhere else?)

Good decision! The best recommendation would be from someone who you know personally - family, friends, neighbours, colleagues? Failing that, this article might help you: https://www.money.co.uk/guides/5-steps-to-finding-an-ifa-you-can-trust.htm

tefb

He's asking random people on the internet as an opening strategy, though. After all, if he goes to an IFA now and is asked what brought him, he will have to say "I was advised to by some random people on the internet"!

[Deleted User]

Have you considered NS&I Premium Bonds?