What should I do with 30k

teddysmum

We have done quite well by having almost maximum Premium Bonds accounts each. Two months ago, we earned the equivalent of the sub 1% offers, in just one draw and (tempting providence) have very rarely had no win.
We have a number of classic cars  ( not the early 20th century sort) bought as a hobby rather than an investment, but I read somewhere , recently, that the floor is dropping from the classics market. On mentioning this to my husband, he said that the market is changing and value is increasing on quirky, unusual  cars which may have been unpopular in their time, as they were considered ugly, meaning they are fewer in number, now.

Gadfium

Cocaine and hookers. Then, on your deathbed you can look back at the fun you had.

I spent as much time considering this response as the OP did in crafting their question.

steampowered

The default answer to this question is to invest in a stocks & shares ISA.

The easiest way of doing this is to invest in what is called a passive multi-asset fund. A good example are the Vanguard VLS funds. These funds split their money across much of the global stock market, covering thousands of companies, so you get the average growth of the markets. That way you do not need to choose specific shares, and your portfolio is not affected by individual companies going bust.

If you do choose to invest, you need to be aware that stocks and shares do go up and down from time to time. But over the long term they offer a very consistent and attractive rate of return. The average return generated by the major stock markets over the past 10 years and over the past 50 years is about 7.5% per year.

Albermarle

We have done quite well by having almost maximum Premium Bonds accounts each. Two months ago, we earned the equivalent of the sub 1% offers, in just one draw and (tempting providence) have very rarely had no win.

With a £100K in bonds you should on average receive three wins a month , so you could maybe expect one blank month a year,

The_Real_Cheddar_Bob

The OP has two posts guys. Both in this thread. 

Spend it on hookers and coke. 

eskbanker

Albermarle said:

We have done quite well by having almost maximum Premium Bonds accounts each. Two months ago, we earned the equivalent of the sub 1% offers, in just one draw and (tempting providence) have very rarely had no win.

With a £100K in bonds you should on average receive three wins a month , so you could maybe expect one blank month a year,

Indeed - although the odds of an individual maximum holding drawing a blank in any given month are higher than many expect at 23.5% (i.e. you'd expect roughly three zero months per year), the odds of a couple both winning nothing in the same month would be more like once per 18 months....