Educate Me

colsten

tefb wrote: »

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"!

He doesn't have to say that at all. He simply wants the advice of an independent expert whom he can hold to account about the advice.

colsten

newbinvestor wrote: »

Have you considered NS&I Premium Bonds?

Premium Bonds might play a role as the cash element in a balanced investment portfolio, as has been discussed here many times. Putting your entire reserves into PBs would be a bit silly. Not that this stops some people from doing it.

DrSyn

tefb wrote: »

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"!

At least he did ask here, before doing something with his money.

That is better than asking here after making basic mistakes with his money or falling for a scam.

pip895

Will IFA's be interested in 50k?? I would suggest a multi asset fund like VLS60 or 80 siting in HL or on Vanguards own platform would be pretty sensible.

Not sure if the OP is right to want to invest prior to the 31st Oct either - There has to be better than an even chance that Boris either gets a deal or Corbin ends up as interim PM and gives us an option of Remain or staying in the CU. Any of these scenarios will send the pound up...

If the OP went for HL they could always hedge their bets and put 30k into active savings (instant access at 1.2% or 2% fixed for a year) and the other 20k into a global/ multi asset fund in an ISA.

SonOf

Will IFA's be interested in 50k?? I would suggest a multi asset fund like VLS60 or 80 siting in HL or on Vanguards own platform would be pretty sensible.

Most General Practitioner IFAs will be fine with £50k. "wealth management" types less likely to be or will price themselves high to act as a passive blocker.

smithers1981

At least open a Marcus savings account and stick it in there until you decide what to do.

colsten

smithers1981 wrote: »

At least open a Marcus savings account and stick it in there until you decide what to do.

Why Marcus at 1.45%? Why not Al Rayan at 1.6%?

MaxiRobriguez

Surgeon wrote: »

Would love these kind of returns.

Poster used ytd rather than 12 month returns because 2019 started following a 20% decline in prices. YTD has been good for most of us, but the reality is lots of indices are just where they were 12 months ago.