£80k to invest

irongate74

Hi

I want to invest £80,000 over 7-10 years, I haven't got an ISA, neither has my wife, so there is allowance there. Should I go with a financial advisor/managed investment through them, or my bank investment ISA, premium bonds etc. I don't want high risk/return, just cautious but preferably better than a regular savings account. Any advice ? 

csgohan4

high returns= higher risk
lower risk= lower returns generally.

Consider Premium bonds if your risk adverse

have a look at Monevator website on passive investing if you want to do some research and we can answer any questions you have

There's also alot of other similar named threads to look at on here as well which will give you some more info

dunstonh

Should I go with a financial advisor/managed investment through them, or my bank investment ISA, premium bonds etc. 

Geenral rule of thumb is not to use your bank.   They have an awful track record on investments historically (limited, expensive and generally poor performing).   You shouldn't use an FA.  If you need advice, you should use an IFA.

So, it comes down to the choice of DIY or IFA.   If you know what you are doing then going DIY can be cheaper.   However, it can also be more expensive and lead to poor outcomes if you don't.   using an IFA will cost you more but you get consumer protection in respect of suitability.

Albermarle

I want to invest £80,000 over 7-10 years

The most obvious question is what will this investment pot be for ? . If it is for retirement income then usually it is better to invest via a pension due to the tax relief.

What  is you and your wife's current pension provision ?

Should I go with a financial advisor/managed investment through them, or my bank investment ISA, premium bonds etc. I don't want high risk/return, just cautious but preferably better than a regular savings account. Any advice

In the world of personal finance , you will only get 'advice' by going to a financial advisor. Here on a anonymous internet forum , you will only get ( hopefully useful ) pointers and different opinions .

Firstly Premium bonds are not investments, they are similar to regular savings accounts = safe but low returns ( below inflation ) Fine for short term but in the long term the value of your money will be eroded by inflation .

Whether you use a financial advisor or not is up to you . In any case it will always be better to have some basic knowledge of investing . You can start here.

Investing in stocks for beginners: how to get started - MSE (moneysavingexpert.com)

Investing for beginners: Why do we invest? - Monevator

Long-term investing: Increasing your chances of positive returns (nutmeg.com)

Plus as already said questions like yours get asked all the time on this forum so spend some time looking through the threads.

maxsteam

dunstonh said:

Geenral rule of thumb is not to use your bank.   They have an awful track record on investments historically (limited, expensive and generally poor performing).   You shouldn't use an FA. 

I would agree as far as making the investments but the "investing for beginners" section of their website is a good place to start for advice. At least then you know that you'll be getting advice from an organisation that you (hopefully) know and trust. If you seek advice from forums, it's only a matter of time before you are told that you should put all the money into gold/bitcoin/penny shares or some other easy solution that "cannot fail".

MEM62

Avoid your bank, avoid FA's at all cost and you probably do not need an IFA either.  Do some reading and look at things like the Vanguard Life Strategy funds.  As already stated, it is important to understand the end game.  It may prove beneficial to put some into your pension but that ties it up until later life so it is important that you understand your goals.