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Where to invest 100,000 pound inheritance?
Comments
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US stocks and shares have plummeted!
You sound like you have been reading too much Daily Express. They certainly have not plummeted. They are down but are not even in crash territory at this time. There was a larger drop in 2015/16 and 2008/9 and 2000/1. There have also been similar sized drops over those periods too.
A negative period is quite normal and to be expected. This is not a plummet. Just routine market activity.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 -
First make sure you have paid all relevant US and local taxes (ie where you are resident) in accordance with local laws and the relevant tax treaty...where do you live?
Then do what every sensible person does; contribute to pensions and other tax advantages investing opportunities using a diverse selection of equities and bonds. If you are not sure of you long term plans this can be complicated, so where do you think you'll be living long term?“So we beat on, boats against the current, borne back ceaselessly into the past.”0 -
All relevant taxes have been fully paid. Thanks for the concern but that isn't my question.
No, it's not reading Daily Express. While I appreciate advice and I am aware I am not the most finance savvy, please don't patronize me. I know that the worth of the investment has declined significantly and would have continued declining until quite recently. The decline in late 2018 has been the worst in a decade, that's just a fact. Perhaps you're not aware of US markets?
I have a good pension already and will need to access the money to give to my children as they reach 21 (which will be before i reach pension age)
I dont know where we'll be living. I have a profession which is very international and uncertain.0 -
No, it's not reading Daily Express. While I appreciate advice and I am aware I am not the most finance savvy, please don't patronize me.
You are being over sensitie and are not being patronized. Someone was attmeoting to explain the current situation is not abnormal.
Anyway, pay off any debt, boost cash savings, boost pensions and any other tax advantaged savings in your home country.
I personally would invest the lions share in equities and multi asset funds if for the long term as you can ride out any periods of volatility.0 -
No, it's not reading Daily Express. While I appreciate advice and I am aware I am not the most finance savvy, please don't patronize me.
The use of the word "plummet" when it has done nothing of the sort is modern media style.
It hasnt declined significantly. It hasnt gone in to crash territory, let alone depression territory. It is just a regular negative period of the type we see very often. S&P fell just over 15%. A similar level to the fall in 2015/16. Double digit drops have happened several times over the last decade.I know that the worth of the investment has declined significantly and would have continued declining until quite recently.
This is normal and expected activity. Nothing unusual at all.Perhaps you're not aware of US markets?
Now who is patronising?
As it happens, single sector investing is bad investing. When people here are talking about investing, they are not talking about 100% in US equity as that would be bad. It would be a global spread with bonds/gilts and property weighted to your risk profile. This is a British website aimed at British consumers.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 -
If you have specific dates in mind (i.e. the 21st birthday of each child) then you could divide the sum in three and with each lump buy an index-linked gilt maturing as close as possible to the required date.
The coupons from the gilts - i.e. the interest - could be paid to each child on his birthday as a cash "gift from Grandpa".Free the dunston one next time too.0 -
All relevant taxes have been fully paid. Thanks for the concern but that isn't my question.
No, it's not reading Daily Express. While I appreciate advice and I am aware I am not the most finance savvy, please don't patronize me. I know that the worth of the investment has declined significantly and would have continued declining until quite recently. The decline in late 2018 has been the worst in a decade, that's just a fact. Perhaps you're not aware of US markets?
I have a good pension already and will need to access the money to give to my children as they reach 21 (which will be before i reach pension age)
I dont know where we'll be living. I have a profession which is very international and uncertain.
I did not intend to patronize you. I'm a UK expat living in the US so my concern over the taxes was expressed with an understanding on the standard US tax treaty rubric and my investment advice was honestly given.
As you are living in an EU country I would use local tax advantaged investment opportunities and understand how they would be deal with in some countries you might move to ie the UK etc. If you intend to gift this money to your children you should look at the relevant local rules ans probably not tie the money up and maybe be a bit conservative in your asset allocation. I would not tie it up in real estate.“So we beat on, boats against the current, borne back ceaselessly into the past.”0 -
Some really sounds advice but just to chip in I'm inherrited in Denmark which is where I'm from but live in the UK and I found the financial advisers in Denmark wouldn't advice me in investing there as I wasn't resident neither would my IFA here if the money was still aboard. Maybe look to take advise where you are now living re investing I didn't invest via Denmark in the end as they have a very high tax on dividends but each country is different. I hope you find something suitable ultra safe but obviously not keeping up with inflation is premium bonds. Anyway good luck maybe involve the oldest good way to learn about investments I learnt from my gran.Save £12k in 25 No 49
PB Win 21 £225, 22 £275, 23 £900, 24 £750 Balance Dec 25 £32.7K
Plan to move to Denmark for FIRE by Autumn 2025 “May your decisions reflect your hopes not your fears”
New diary aiming for fire https://forums.moneysavingexpert.com/discussion/6414795/mortgage-free-now-aiming-for-fire#latest0 -
Vered, if your Dad wanted you to “keep the account as it was” why not construct a similar portfolio to the one you were forced to liquidate? That would respect his wishes and also absolve you from responsibility for doing anything too adventurous or too cautious if the markets go against you.0
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