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Where/how to invest £30K

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  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Bitcoin is at a good price right now, time to buy. I'd thoroughly recommend looking at Crypto (you don't need to understand the underlying technologies)
    Greed drives most players in the market not the technology.  Musk only changed his tune due to the negative impact of the PR for Tesla generated by promoting Bitcoin. 
  • bostonerimus
    bostonerimus Posts: 5,617 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    I've got very small SIPP investments (1% each) in BG Shin Nippon and Fidelity China Special Situations. I had planned on adding to those with this extra money. Those funds are currently 7% down on when I purchased them a couple of weeks ago. Again, these were historically good funds which are suffering now but maybe worth sticking with. 

    As @Thrugelmir mentioned, this will dilute the American concentration down somewhat.
    Focussed sector funds, and active funds like BG American that holds just 47 companies, can be volatile and you must expect to see significant losses as well as gains. You must not focus on a single trade or a limited time span and let that influence a well considered strategy. Of course broad index trackers can also see big swings as my US Total Stock market index fund has been up and down by 3% in the last couple of days...sometimes doing nothing is a very viable strategy.
    “So we beat on, boats against the current, borne back ceaselessly into the past.”
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