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Turn 150k into 1 million

Accou3
Accou3 Posts: 15 Forumite
in Savings & investments
I have 150k savings.
My friend gets 5k annual return on his savings of similar amount.
He said he invests but I don’t know how or where to start.

Comments

  • Alistair31
    Alistair31 Posts: 981 Forumite
    Seventh Anniversary 500 Posts Name Dropper
    You didn’t think to ask him what he invests in ? :)
  • Robin9
    Robin9 Posts: 12,917 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    That's over 3.5%. Perhaps your friend takes risks.

    What is your attitude to risk ?
    Never pay on an estimated bill. Always read and understand your bill
  • Albermarle
    Albermarle Posts: 29,191 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    You could always look at the website of Money Savings Expert …..

    https://www.moneysavingexpert.com/savings/investment-beginners/
  • jimjames
    jimjames Posts: 18,930 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Robin9 wrote: »
    That's over 3.5%. Perhaps your friend takes risks.

    What is your attitude to risk ?

    Just under the dividend yield of the FTSE. Wouldn't be good investing to just have that as a fund but it would give the level of income
    Remember the saying: if it looks too good to be true it almost certainly is.
  • bostonerimus
    bostonerimus Posts: 5,617 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    Accou3 wrote: »
    I have 150k savings.
    My friend gets 5k annual return on his savings of similar amount.
    He said he invests but I don’t know how or where to start.

    With a US and international equity and bond tracker funds I had 24% return last year, but I could lose money this year as I am taking risk.
    “So we beat on, boats against the current, borne back ceaselessly into the past.”
  • colsten
    colsten Posts: 17,597 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    Oh. Accou3 again. 'nuff said.
  • Rheumatoid
    Rheumatoid Posts: 1,055 Forumite
    Part of the Furniture 500 Posts Photogenic Name Dropper
    colsten wrote: »
    Oh. Accou3 again. 'nuff said.

    Yes, looks like a village is missing one.
    16 Panel (250W JASolar) 4kWp, facing 170 degrees, 40 degree slope, Solis Inverter. Installed 29/9/2015 - £4700 (Norfolk Solar Together Scheme); 9.6kWh US2000C Pylontech batteries + Solis Inverter installed 12/4/2022 Year target (PVGIS-CMSAF) = 3880kWh - Installer estimate 3452 kWh:Average over 6 years = 4400 :j
This discussion has been closed.
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