Turn 150k into 1 million

Accou3

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.

Alistair31

You didn’t think to ask him what he invests in ?

Robin9

That's over 3.5%. Perhaps your friend takes risks.

What is your attitude to risk ?

Albermarle

You could always look at the website of Money Savings Expert …..

https://www.moneysavingexpert.com/savings/investment-beginners/

jimjames

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

bostonerimus

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.

colsten

Oh. Accou3 again. 'nuff said.

Rheumatoid

colsten wrote: »

Oh. Accou3 again. 'nuff said.

Yes, looks like a village is missing one.