Where would you invest £10,000 in March 2023?

GazzaBloom

I hope to be able to invest £10,000 in March 2023. The money will be aside from core pension investments for retirement so I am happy to take more risk with it looking for good growth in a 10 year window. My general investing appetite is low cost index funds for our pensions and don't change anything year in year out except pay in a good contribution each month for retirement but for this £10,000 I am not adverse to moving it around as required.

I have bet on higher risk funds in the past, for example put £6,000 into Baillie Gifford American at the beginning of March 2020, and so, by coincidence caught the huge growth wave, selling it out in 2021 for around 100% gain! I also put £2,000 into Bitcoin & Ethereum in early 2021 but sold out before the big crypto drops at a £200 loss. I have no appetite for crypto any more. I put some of the BG gains into the L&G Global Technology Index fund which is around 27% down this year but I am happy to leave it there for the long term hoping for the bounce back whenever that happens and accept that further losses may be yet to come in this current bear market.

Just for a fun discussion, what would you speculatively invest £10,000 in for the best growth over 10 years, knowing what we know today? obviously not knowing what is going to happen in terms of global economics or black swan events  

lohr500

You could have a bit of fun and invest in gold. I've done this recently with around £5.5k.

The Royal Mint claims that the annual growth since 1999 is 11.93% and that £10k invested now could be worth £21734 in 10 years time.

Of course, as with all investments, who knows what might happen to the gold price in the future.

You could either buy UK gold coinage (which is exempt from Capital Gains Tax) or bullion.

Best price I found for 1oz UK Britannia coins was Atkinsons.

If you are concerned over the security of storing gold at home, then look at a service like the Royal Mint DigiGold, or a vaulted service from one of the other major UK gold sellers.

The Royal Mint DigiGold service is the one I went for as the annual storage fees were low and they offer an easy buyback process for cashing in any digital gold you purchased from them. I had cause to test the buyback service a couple of weeks ago and it worked flawlessly.
 

Alistair31

With a bit of fun money, I’d be looking at National Express. 

bostonerimus

I'd invest 10k in the same places no matter what the month or year, split between a low cost global equity index fund and a US equity index fund...K.I.S.S.

GazzaBloom

Alistair31 said:

With a bit of fun money, I’d be looking at National Express. 

Where to? A couple of months in Las Vegas away from the wife? 

MiserlyMartin

The problem I see with silver or gold coins etc is that you buy them even used, the same dealers will buy them back from you at a lot less than the price you paid. Eg £32 for used Kugerrand 1 oz coins, and they offer £20 to buy it back. You need to think that silver is going to the moon to make any money. And that is without any secure storage. Plus in cash you'll make 3% or so in interest. Silver sits there and hopefully just goes up in price against cash.

GazzaBloom

bostonerimus said:

I'd invest 10k in the same places no matter what the month or year, split between a low cost global equity index fund and a US equity index fund...K.I.S.S.

Been thinking that as well

Richard1212

I would ask the same question again in mid-Feb and then I'd give my own views as to what I propose to do , if anything, with my own portfolio.

bostonerimus

GazzaBloom said:

bostonerimus said:

I'd invest 10k in the same places no matter what the month or year, split between a low cost global equity index fund and a US equity index fund...K.I.S.S.

Been thinking that as well

If equity indexes are good enough for your pension then why not use them elsewhere? I've had a very simple portfolio of index funds for the last 35 years; I've never tried to maximize my potential gains, I've tried to maximize the probability of meeting my financial goals...and it's worked.

lohr500

MiserlyMartin said:

The problem I see with silver or gold coins etc is that you buy them even used, the same dealers will buy them back from you at a lot less than the price you paid. Eg £32 for used Kugerrand 1 oz coins, and they offer £20 to buy it back. You need to think that silver is going to the moon to make any money. And that is without any secure storage. Plus in cash you'll make 3% or so in interest. Silver sits there and hopefully just goes up in price against cash.

Agree, there is a wide buy/sell price spread on silver. Less so on gold coins. (3.8% based on latest Atkinsons buy/sell price on a 1oz Britannia). I guess over a longer term investment window, the buy/sell differential is less important so long as it remains around the same %.

The digital gold service from Royal Mint is more cost effective with just a 0.33% buying premium over the spot gold price, and a 1% selling commision when cashing in. Annual storage charges are 0.5% of the spot value each quarter + VAT.

Albermarle

Not sure why Gold is being suggested as the OP's objective was

 Just for a fun discussion, what would you speculatively invest £10,000 in for the best growth over 10 years.

For the speculative best growth, you inevitably have to invest in something that could blow up in your face.
Like some obscure shares on the AIM market.