What would you do with 50k?

Adly812 · 10 February 2018 at 5:34PM

Mortgage is paid off, no credit cards, no debts. If you had 50 k savings, what would you do with it with plans to save and invest not necessarily spend it?

dunstonh · 10 February 2018 at 5:54PM

Without knowing objectives nobody can really answer that. If you do get answers then those people will be looking at their objectives and that isnt very helpful for you.

However......

What would you do with 50k?

I'd be more worried about where the rest of it went.

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Zorillo · 10 February 2018 at 6:13PM

I'd genuinely have no idea what I'd do with it long term, so I'd look to have it in an easy access savings account until I made my mind up. Probably a one year NSI account so I can get at it if I did decide the house needs a new roof or a loft extension. I wouldn't invest it because there's plenty of things I could decide to do with it in the next few years.

I'm not sure that helps you though.

18cc · 10 February 2018 at 6:41PM

I'd give it all to the dogs trust and ask them to open a kennel in my name

Adly812 · 10 February 2018 at 7:40PM

I!!!8217;m just looking for peoples own opinions. I currently have some in ns&i lotto draw bonds. A regular saver. ISA. But still access to it all without penalty, so I!!!8217;d be interested to hear what others would do if they were in the position to make this decision. No suggestions are wrong or crazy, but interesting to hear. 18cc... are you my mum ? Haha !!!55357;!!!56397;bless you on that !

Katiehound · 10 February 2018 at 7:44PM

I'd start squirrelling away some of it in current accounts which either have access to RS or pay interest-even both- that would take up at least half of it. Generally earning more than most savings accounts
Enjoy spending a bit. Decorate house? Re-jig garden? Go on a fabulous holiday

BananaRepublic · 10 February 2018 at 9:47PM

If you want access to it without penalties, then essentially you have little option beyond savings accounts and similar. Some will give good rates but only on modest sums, and usually/always for a short period such as a year, so you could spread it around multiple such accounts.

Or blow most of it on fast cars, booze, and women/men. Then squander the rest.

george4064 · 10 February 2018 at 10:07PM

Stuff it all in stocks and shares ISA, invest money in diversified global portfolio.

GT85 · 11 February 2018 at 12:41AM

Not sure if this is a speculative question or whether you're contemplating investing and looking for generic/popular opinions.

Scenario A - Average DIY investor with time on your side:
- Stick it in an stocks and shares ISA for that tax protection (or increase pension contributions), and invest in a low-fee index tracker. Don't aim to beat the market, but replicate it. Age and goals/time frame of wanting to withdraw the money will dictate your asset allocation.

Scenario B - approaching retirement/retired:
- I'd be emphasising the importance of compound interest on investments and have my children/grandchildren doing the same from as early age as possible. If I was well off, I'd use it to help get them involved in the markets. If I was invested myself, generally speaking you'd be in more bonds than equities to have 'locked in' gains from stock growth over the years.

Scenario C - Rich tycoon:
If I had a lot of disposable income, or had enough assets in all to see me through to retirement, I'd invest in something I was interested in. Sponsoring local bike racing teams, buying into local football clubs etc, or companies with good business plans that you are interested in etc.

Adly812 · 11 February 2018 at 8:18AM

I like scenario C, I!!!8217;m keen to invest in businesses but ones that shed a return. I have invested but not stocks and shares as I don!!!8217;t know much about them. My question is both speculative as I!!!8217;m keen to hear what others would do in the same circumstances as some suggestions are really interesting and relevant, also interested to hear investing suggestions. Thank you

ValiantSon · 11 February 2018 at 11:51AM

Smb3088 wrote: »

I like scenario C, I!!!8217;m keen to invest in businesses but ones that shed a return. I have invested but not stocks and shares as I don!!!8217;t know much about them. My question is both speculative as I!!!8217;m keen to hear what others would do in the same circumstances as some suggestions are really interesting and relevant, also interested to hear investing suggestions. Thank you

If you are keen to invest in businesses on which you can reasonably expect a return, then investing in equities is the obvious way forward, but not in buying individual company shares because that is very high risk. Instead, investing in a diversified portfolio either through ETFs or OEICs would be more sensible. Perhaps you would benefit from spending a little time learning about stocks and shares.

However, if you really want to be hands on with your investments in small businesses that interest you, then be prepared to do a lot of research on those businesses and the market they operate in. Also be prepared for the fact that they may well fail and you could lose all of your money.

What would you do with 50k?

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