£100,000 to invest

ctdctd

My generic, fits all circumstances, advice would be:-


Invest a third
Save a third
Spend a third


HTH

Zorillo

I'd probably build a large-ish extension on the back of my house and possibly go up in to the loft as well. Any change from that could go on the mortgage.

cheerfulcat

4am wrote: »

A quite simple question which will, no doubt, not have a simple answer.

As per the thread title, I have £100,000 to invest (bequeathed in a will). Bar investing in bricks and mortar, what should I be doing with it?

There is a very helpful guide here http://https://www.bogleheads.org/wiki/Managing_a_windfall. It’s US based but the general principles will be the same for the U.K.

bostonerimus

Simple answer.

Pay off any high interest debt you have.

Then put a year's worth of spending in the bank and use the rest to fund your pension and ISAs buying a low cost multi-asset fund consistent with your appetite for risk.

mcfly998

I've lost too much on the stock market in the past, so I'd go for:

£40,000 into Al Rayan 2 year fix @2.17% = £868 interest PA (under the £1000 personal allowance)
£2500 into Nationwide Flex direct + open regular saver (keep an eye on interest earned against your personal allowance)
£20,000 into best 2 year fixed ISA @1.63%
Rest into premium bonds until next financial year, Then:
£20,000 into best 2 year fixed ISA
Leave rest in Premium bonds until next financial year, Then:
£20,000 into best 2 year fixed ISA

As each fix matures, either use it if you need to, or reinvest again for another 2 years.

Maximum savings return without having to pay tax on interest, and never too far away from ready cash if you need it.

cheerfulcat

OP hasn’t been back but just in case this flowchart might be useful to others in a similar situation- http://https://i.imgur.com/ezGWhE3.png

sham63

cheerfulcat wrote: »

OP hasn’t been back but just in case this might be useful to others in a similar situation- http://https://i.imgur.com/ezGWhE3.png

I don’t think the OP will be back.

I believe the term is ‘drive-by newbie’

4am

My thanks to those who have offered constructive responses (especially cheerfulcat).

webjaved

This thread has descended in to a free for all :rotfl:

TyrroL5690

I have just over £100,00 as a result of parental death and sale of property ..Monies available about July /August 2020) . I am 64  March 20 , (OAP March 2022)  have a property with a mortgage of about  £14,000 with a date to complete June 2023. I would like to change my car (intended 2022). Would like to move once I retire March 2022. What is the best way to invest the monies until I am ready to use?