£150,000 available to invest. What to do now?

Mark1987

Hello everyone!

I am 32yo, single, currently working in the US with a 5-years VISA and I have £150,000 in cash and the possibility to save £2,000 monthly for investments.
Considering the high levels of the markets and that I am not interested to buy a house at the moment, how would you invest this amount of money to build wealth for the long term?

I am considering to build an ETF portfolio with most of it leaving out a small part to invest or trade in individual stocks for short/medium term. My biggest doubt is about investing with a lump sum or dollar cost averaging. What do you think?

Additionally I have £13,000 in my SIPP and £10,000 in cryptocurrencies.

Thank you!

colsten

£13k sounds a woeful sum of  pension money for someone your age. With luck, you will grow old, and one day don't want to, or can't, work any longer. What is your plan for retirement income?

Mark1987

colsten said:

£13k sounds a woeful sum of  pension money for someone your age. With luck, you will grow old, and one day don't want to, or can't, work any longer. What is your plan for retirement income?

Unfortunately I worked in many different countries so I couldn't build a steady pension pot. I am also not sure I will be back to the UK after my US experience so I prefer not to add other money into that SIPP.
I am planning to invest this $150,000 also to obtain a good pension income later on.

I like to travel for work so my priority is building wealth for the long term/retirement while I am not so interested to buy a property at the moment but I don't exclude it completely.

Albermarle

Whether you consider the markets to be high at the moment , or not, is a matter of opinion.
Also whether you put in a lump sum or drip feed is also a personal choice and a matter of debate .
Only you can decide for you , there is no right or wrong answer as you are basically trying to predict the future .