Excess Cash - What to do with it?

ChilliBob

I think it depends on the rest of your assets (and any other liabilities) and your tolerance for risk really.

If you're looking for that void between cash/savings and equities then there are options but it depends again on risk tolerance.

But I sense this is more of a higher level discussion rather than getting into investing details

Dh6

If I was in your position I’d be booking myself onto a round the world cruise! 

michaels2411

Thanks all, some really useful comments and views. 

barnstar2077

Buying another property doesn't have to turn you into a scummy landlord.

If I had the money I would buy a second property and rent it out (for not much more than the mortgage) to my ex who is currently at the mercy of a scummy landlord.  She would be happy to be able to save some money herself, and I would have an asset in the future (Although in truth I would probably gift it to her when it was paid.) 

Do you have a good friend or relative that is struggling?

enthusiasticsaver

You are in a fortunate position and there are a number of options but basically it boils down to the following. 

Repay debt or mortgage.  Even though you have a low LTV mortgage and are 20 years from retirement the chances are the rate on the mortgage is higher than you get in your cash savings accounts.  I think I would err towards that. 

Save or invest either in pension( already maxed that one) or stocks and shares isas or if very risk averse a reasonable fixed term savings instrument. 

Spend more. Book yourself a nice holiday, do some home improvements, gift to family/charity or buy a new car. 

You can do any or all of the above.