How to invest £100k

everycloudandthat

Where would be best to invest 100k? I'm looking for a long term investment and shouldn't need to touch the money for 10 years maybe even longer, however I would like the option of having access to it if I needed it.  I have no clue about stocks and shares and if I chose this route would I best to go through a wealth management company.  Many thanks.

[Deleted User]

What is your appetite for risk? If it went down 10%, 20%?

Linton

If you would like paid-for advice £100K is routine business for a local high street IFA.  "Wealth Management",  particularly from a national firm is likely to be more expensive and in my view OTT for £100K.
Some general points
1) DiY is perfectly possible and there are multi-asset funds that provide a very broad set of  underlying investments snd do not need any any going management from yourself.
2) You should not see this money as something to dip into except in dire circumstances.  If you hold investments you should also keep perhaps 6 months living expenses in instant access cash to cover normal emergencies such as losing your job, replacement boiler etc etc.
3) If you are investing in stocks and shares you need to accept that progress will be very variable.  Some years you will make a large profit, others you will make a loss.  Over time the profits should win out.  This is why such investments are not suitable for time periods shorter than 5 years, 10 years is only medium term.
4) It may be worth you putting some of the money in your pension rather than setting up your own investment account.  The reduction in tax could be useful, especially if you are a higher rate rtax payer.

Albermarle

Some time learning the basics would be time well spent , even if you do go to an IFA.
https://www.moneysavingexpert.com/investments/
https://www.moneyadviceservice.org.uk/en/categories/saving-and-investing

steampowered

These days it is extremely simple to do it yourself. You don't need an IFA or a wealth management company. You can simply put the money into a diversified multi-asset fund. That means the fund pools your money with other investors, diversifying your investment across many different companies and countries/sectors. That's much less risky and much easier than trying to pick individual stocks.

Vanguard Lifestrategy funds are a good place to start.

Do as much as possible through a stocks & shares ISA,  the rest in a regular stocks & shares account. You could also consider topping up your pension to benefit from tax relief.

Albermarle

These days it is extremely simple to do it yourself.

It is if you have some basic knowledge but the OP said I have no clue about stocks and shares .

So you have to assume that despite your good and clear explanation , it may still go over the OP's head.

Mrs_Z

I would echo Albemarle's advice.  Dont be in a rush to do anything and in the meantime educate yourself to get your head around the basics, if only to be able to evaluate the advice given if you decide to go for an IFA.