What to do with £100k?

I_am_Emma_C

Hello
My husband has worked like a dog the past few years building up his business and as a result he has approx £100 to £150k to invest instead of it just sitting in the bank with almost zero interest. He doesn’t know what he should invest in, he doesn’t want anything super high risk and he did used to buy houses and do them up and sell or rent them quite a while ago but I’m not sure if there’s much money in that market anymore. He was even looking at a large corner shop type set up with a 4 bed flat above 🙈 he’s not keen on holiday home investment but I might be able to change his mind if it can be lucrative enough.
I think we’re going to have to organise an appointment with a financial advisor to see what we might do but I just wondered if anyone else had any decent investment tips or any success stories of good investments. Thank you in advance 

Zorillo

How is his pension looking?

I_am_Emma_C

His accountant sorts it at the end of each year and puts a certain amount into (I think) a private pension as he’s been self employed all his life. 

Socajam

I agree with I_am_Emma_C about his private pension.
Before doing anything find out exactly what his pension worth is and then decide from there.

I_am_Emma_C

Ok thank you! How much would you say is a healthy pension? I know it’s subjective but I will have my own pension eventually and a private pension from the nhs. Thanks again!

Socajam

What I have done is sit down and add up all of my bills, food, entertainment, holidays, things that can go wrong with the house/car, medical etc - that should give you a rough figure of how much you are spending now.
I would also have an emergency fund and a life happens fund.
I would then add a percentage for inflation, even though this is like an imaginary friend, it should be taken into account.
Start from there with either a spreadsheet or a book with a heading like - present - future.

dunstonh

he’s been self employed all his life. 

Is he self employed or is he a company director?  (it makes a difference)

His accountant sorts it at the end of each year and puts a certain amount into (I think) a private pension

And how is the pension doing?  What is it invested in?  Is it suitable for his objectives?

Ok thank you! How much would you say is a healthy pension?

Whatever is required to meet the objectives.    There is no figure we can pull out of a hat as everyone is different.  Someone who lives on an income of £15,000 a year during their working life wont need as much as someone who has lived on £150,000 a year in their working life.

I know it’s subjective but I will have my own pension eventually and a private pension from the nhs.

You should be looking at your planning jointly. Not individually.   You both get allowances (now and in retirement) and being top heavy on one side can create extra tax which could be avoided with better planning.

Socajam

Socajam said:

I agree with I_am_Emma_C about his private pension.
Before doing anything find out exactly what his pension worth is and then decide from there.

Sorry this should have read: I agree with Zorillo

Albermarle

I think we’re going to have to organise an appointment with a financial advisor to see what we might do but I just wondered if anyone else had any decent investment tips or any success stories of good investments.

You will not get any 'tips' on here. There have been plenty of good investments , but nobody knows what will happen in future.

Apart from the pension questions , you need to think about your 'risk tolerance'

There is a correlation between risk and potential reward. How would you feel for example , if you lost 50% in a big stock market crash ( twice as big as the one we are in now ) On the other end of the scale how would you feel if after 10 years you had just kept up with inflation and no actual growth . It's important that any investments you have, including the ones in pension are suitable for your risk tolerance, your age , your other assets, your plans etc