Ive got £170k and would like to know where to invest it

Sebo027

@raffraymonIt can be hard to give advice on what to do with money without considering many other aspects of a persons life, and even then circumstances may change and perspectives when it comes to "value" differ from person to person. 

Do you want to spend money on college or university tuition?  Do you want to buy a house or flat?  Do you want to go travelling (you may have to wait a couple of years for COVID to die down to do this - but that's okay, more time to plan)?

Statistically speaking, the more money invested, and the earlier you invest it, the more you will have later in life.
My advice would be, simply, don't spend it unnecessarily. From my experience most young people struggle to build capital that they can invest and grow, and even then most that do tend to get round to thinking about it in their early thirties. You have a ten year head start. I agree with the advice posted by @MaxiRobriguez. Set up your basics and invest the rest via a stocks and shares ISA or pension fund. 

It would be easy for one or two luxury purchases to cascade into frivolous purchasing that you may later consider wasteful, so be careful.

If you're looking for some ideas on investment, I recommend you buy this book: 

https://www.amazon.co.uk/Simple-Path-Wealth-financial-independence-ebook/dp/B01H97OQY2/ref=sr_1_1?dchild=1&keywords=simple+path+to+wealth&qid=1596455495&s=digital-text&sr=1-1

kangoora

I would suggest not paying a off a student loan if you have one. This is a debt you only start to repay if you earn over a certain amount and, conceivably, you could never pay anything off it if you don't hit that earnings threshold during your working life. Even if you earn a little more than the threshold you will pay a minimum amount.

Morally, is this questionable? probably - Financially, it's just common sense and legally, well, it's perfectly legal.

Socajam

kangoora said:

I would suggest not paying a off a student loan if you have one. This is a debt you only start to repay if you earn over a certain amount and, conceivably, you could never pay anything off it if you don't hit that earnings threshold during your working life. Even if you earn a little more than the threshold you will pay a minimum amount.

Morally, is this questionable? probably - Financially, it's just common sense and legally, well, it's perfectly legal.

That's a selfish attitude to take - and I have read it on here time and time again - why should I repay my student loan.
Because the money it taxpayer's money and by repaying the loan, you are giving someone else who may be less unfortunate than you a chance to attend university.
If we continue in this vein, it is going to be only a matter of time before students will have to repay all of the loan regardless of how much they earn - welcome to the USA system
To al those who say tough, guess what the crap is going to hit the fan soon - post corona virus and all of us will suffer the consequences for the greed that have overtaken this country.  Yes, the rich do it too, so why should I not follow them?
You have the money repay the student loan and move on with your life with a clear conscience and the your integrity intact.

Bobziz

Socajam said:

kangoora said:

I would suggest not paying a off a student loan if you have one. This is a debt you only start to repay if you earn over a certain amount and, conceivably, you could never pay anything off it if you don't hit that earnings threshold during your working life. Even if you earn a little more than the threshold you will pay a minimum amount.

Morally, is this questionable? probably - Financially, it's just common sense and legally, well, it's perfectly legal.

That's a selfish attitude to take - and I have read it on here time and time again - why should I repay my student loan.
Because the money it taxpayer's money and by repaying the loan, you are giving someone else who may be less unfortunate than you a chance to attend university.
If we continue in this vein, it is going to be only a matter of time before students will have to repay all of the loan regardless of how much they earn - welcome to the USA system
To al those who say tough, guess what the crap is going to hit the fan soon - post corona virus and all of us will suffer the consequences for the greed that have overtaken this country.  Yes, the rich do it too, so why should I not follow them?
You have the money repay the student loan and move on with your life with a clear conscience and the your integrity intact.

and those that got their tuition fees paid for by the state and maintenance grants from the 60's to the 90's, should they offer to pay back tax payers money to clear their consciences too ? 

Eco_Miser

Socajam said:

kangoora said:

I would suggest not paying a off a student loan if you have one. This is a debt you only start to repay if you earn over a certain amount and, conceivably, you could never pay anything off it if you don't hit that earnings threshold during your working life. Even if you earn a little more than the threshold you will pay a minimum amount.

Morally, is this questionable? probably - Financially, it's just common sense and legally, well, it's perfectly legal.

That's a selfish attitude to take - and I have read it on here time and time again - why should I repay my student loan.
Because the money it taxpayer's money and by repaying the loan, you are giving someone else who may be less unfortunate than you a chance to attend university.
If we continue in this vein, it is going to be only a matter of time before students will have to repay all of the loan regardless of how much they earn - welcome to the USA system
To al those who say tough, guess what the crap is going to hit the fan soon - post corona virus and all of us will suffer the consequences for the greed that have overtaken this country.  Yes, the rich do it too, so why should I not follow them?
You have the money repay the student loan and move on with your life with a clear conscience and the your integrity intact.

And while you're doing that, don't use any ISAs or tax-advantaged pensions, they're subsidised by the tax payers too.

OP - of course you should minimise payments to the government, by all legal means,

sebtomato

Socajam said:

kangoora said:

I would suggest not paying a off a student loan if you have one. This is a debt you only start to repay if you earn over a certain amount and, conceivably, you could never pay anything off it if you don't hit that earnings threshold during your working life. Even if you earn a little more than the threshold you will pay a minimum amount.

Morally, is this questionable? probably - Financially, it's just common sense and legally, well, it's perfectly legal.

That's a selfish attitude to take - and I have read it on here time and time again - why should I repay my student loan.
Because the money it taxpayer's money and by repaying the loan, you are giving someone else who may be less unfortunate than you a chance to attend university.
If we continue in this vein, it is going to be only a matter of time before students will have to repay all of the loan regardless of how much they earn - welcome to the USA system
To al those who say tough, guess what the crap is going to hit the fan soon - post corona virus and all of us will suffer the consequences for the greed that have overtaken this country.  Yes, the rich do it too, so why should I not follow them?
You have the money repay the student loan and move on with your life with a clear conscience and the your integrity intact.

and if you win more than 2% through premium bonds (so anything more than £1,000 per year), make sure to refund the state, as premium bonds prizes are paid by the tax payer too.

dd95

Socajam said:

kangoora said:

I would suggest not paying a off a student loan if you have one. This is a debt you only start to repay if you earn over a certain amount and, conceivably, you could never pay anything off it if you don't hit that earnings threshold during your working life. Even if you earn a little more than the threshold you will pay a minimum amount.

Morally, is this questionable? probably - Financially, it's just common sense and legally, well, it's perfectly legal.

That's a selfish attitude to take - and I have read it on here time and time again - why should I repay my student loan.
Because the money it taxpayer's money and by repaying the loan, you are giving someone else who may be less unfortunate than you a chance to attend university.
If we continue in this vein, it is going to be only a matter of time before students will have to repay all of the loan regardless of how much they earn - welcome to the USA system
To al those who say tough, guess what the crap is going to hit the fan soon - post corona virus and all of us will suffer the consequences for the greed that have overtaken this country.  Yes, the rich do it too, so why should I not follow them?
You have the money repay the student loan and move on with your life with a clear conscience and the your integrity intact.

absolute nonsense, student loan gets wiped after a certain amount of years and is largely an irrelevance - 50 a month or so if you earn 30k?

taking the moral high ground is all well and good - but you'll still be in the sh** and 'suffer the consequences for the greed that have overtaken this country', just with 30 odd thousand less in you pocket

dd95

your*******

csgohan4

looks like the topic been taken over by student loan wannabees. Morality doesn't come into it if you don't need to pay it early. But bare in mind the interest rates and if it is acceptable to you and your future earnings potential which may bring you into paying it eventually. 

Either way your choice. I chose to pay off my SL early as the interest rate was higher than my savings account.

but with 170k to invest, SL are the last of my priorities if I was the OP. 

eskbanker

sebtomato said:
and if you win more than 2% through premium bonds (so anything more than £1,000 per year), make sure to refund the state, as premium bonds prizes are paid by the tax payer too.

Only on a technicality - if bondholders have paid £92bn into the pot in the form of loans, returning about £1.3bn of that each year as a form of pseudo-interest can hardly be realistically regarded as taxpayer-funded as such....