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Investment for pensioners ?
C_Mababejive
Posts: 11,668 Forumite
A friend is of pensionable age, owns her own home outright , has a state pension and also an index linked DB pension. The income from the dual pensions is enough to live the lifestyle they want. They have some spare cash doing nothing and would consider investing it in an accumulation fund for growth. My initial thoughts are a multi asset fund ,managed or otherwise. Any thoughts ?
Feudal Britain needs land reform. 70% of the land is "owned" by 1 % of the population and at least 50% is unregistered (inherited by landed gentry). Thats why your slave box costs so much..
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As with anyone else wondering what to do with money, much depends on the broader picture, i.e. how much is being talked about, other existing assets, objectives, timescales, appetite for risk, financial knowledge, health, dependents, etc, etc - multi-asset funds are almost the default go-to forum answer and may well be applicable here but they won't suit everyone....1
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Yes if it is right for them. It really depends on their age though.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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Its no more than 10k and is not immediately needed . Its just that there is no point in saving and the money is currently tied up in a couple of individual shareholdings which of course is high risk.I'll peruse MA funds,Feudal Britain needs land reform. 70% of the land is "owned" by 1 % of the population and at least 50% is unregistered (inherited by landed gentry). Thats why your slave box costs so much..0
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If this is also their emergency money, then it would be wise to keep at least a few grand in cash / premium bonds.Think first of your goal, then make it happen!0
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Inside a tax wrapper, presumably?C_Mababejive said:... and would consider investing it in an accumulation fund ....
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Any idea when some or all of it might be needed?C_Mababejive said:Its no more than 10k and is not immediately needed .0 -
The answer to this almost certainly depends on what they're expecting the money to go towards. Just saying "they don't need it now" doesn't answer the question. Are the expecting for example to use this money on care costs if they need it, or is that covered and this money will probably go to beneficiaries? If it's the former, then most of the money needs to be low risk, if it's the latter then possibly 100% of it could go into equities (for example if the beneficiary is a grandchild who won't/can't access the money for 10+ years).1
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