We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
What could £120,000 make in 5 years?
scottie333
Posts: 1 Newbie
Hi there everyone! I have £120,000 in spare cash. I would like to try and earn as much money from it in 5 years. My attitude to risk is "Medium". Any ideas? I have already cleared my Mortgage so this is indeed spare cash. Thanks...:A
0
Comments
-
Well send me £10k and I'll give you £11k back in 5 years..
hehe0 -
Medium will mean different things to different people, but you could certainly consider investing in a variety of unit trusts and OEICs to get some decent growth over the next 5 years.
However, my top suggestion would be to see an independent financial adviser with that much money at stake!I am a Chartered Financial Planner
Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.0 -
Medium risk in its recognised form "could" double your money although that is unlikely given the current cycle. Probably closer to 50%-60% positive if things arent bad to nothing if things dont get well.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards