Endowment just matured.
Discussion
Been away working for a couple of days and have come home to find a cheque for £32,000 as my 25 year endowment has just matured.
No woohoo moment, to be honest I'm more relieved at not having to shell out that £85/month and I no longer have the £50k mortgage that it was supposed to pay off.
What can I do with it to help me out in the long run, rather than covering 2 years of one of my kid's school fees. Stick it on a 10/1 nag at Kempton Park?
Thank you PH financial whizz kids.
No woohoo moment, to be honest I'm more relieved at not having to shell out that £85/month and I no longer have the £50k mortgage that it was supposed to pay off.
What can I do with it to help me out in the long run, rather than covering 2 years of one of my kid's school fees. Stick it on a 10/1 nag at Kempton Park?
Thank you PH financial whizz kids.
Depends on...
How long you are able to lock it away
Your attitude towards risk/return.
Me being the cautious type - I'd ensure all other debts are paid off, maximise mine and Mrs C's Stocks & Shares ISAs, and then buy some FTSE 250 shares outside the ISA.
Or you may want to invest in a BTL for the kids' future ?
How long you are able to lock it away
Your attitude towards risk/return.
Me being the cautious type - I'd ensure all other debts are paid off, maximise mine and Mrs C's Stocks & Shares ISAs, and then buy some FTSE 250 shares outside the ISA.
Or you may want to invest in a BTL for the kids' future ?
Some of the blue chip shares have been performing rather well for me over the last two years.
RR, QQ. Vodafone and a few others have brought me in a fair return of about 40% I did invest (gamble) just over double what you have got cash wise.
Do remember though that you can loose your shirt with shares as well as make a nice return.
RR, QQ. Vodafone and a few others have brought me in a fair return of about 40% I did invest (gamble) just over double what you have got cash wise.
Do remember though that you can loose your shirt with shares as well as make a nice return.
russ_a said:
Deposit on a holiday home.
It's not as simple as that but this is what I did despite advice on here and it's the best investment I've ever made so far. Use the cash as a deposit, borrow the rest, use the income to pay the mortgage and use the interest to offset the tax.
Why anyone bothers with BTL when holiday properties give such a massive return I do not know.
I think the OP just wants something to do with he money.
Refer to the previous answer - coke and hookers. It's the best way to spend £32K.
Pistom said:
russ_a said:
Deposit on a holiday home.
It's not as simple as that but this is what I did despite advice on here and it's the best investment I've ever made so far. Use the cash as a deposit, borrow the rest, use the income to pay the mortgage and use the interest to offset the tax.
Why anyone bothers with BTL when holiday properties give such a massive return I do not know.
I think the OP just wants something to do with he money.
Refer to the previous answer - coke and hookers. It's the best way to spend £32K.
davepoth said:
Coke and Hookers.
Seriously though, if it really is windfall money and not part of your previous plans, I'd be inclined to put it into a slightly higher risk fund that deals with BRIC countries.
I second that, well the second bitSeriously though, if it really is windfall money and not part of your previous plans, I'd be inclined to put it into a slightly higher risk fund that deals with BRIC countries.
The BRICs are all in the dumps at present and offer more favourable valuations than established economies.
That of course could be considered a little adventurous, so possibly put half in a Global Fund.
A little depends on how close you are to your first Zimmer Frame.
I'd look to spend it gradually on some nice purchases.
Got one maturing myself in a few months and I have no idea what to do with it. Doubt it will pay off what was promised and expecting a 25% offset. The mortgage was paid off 10yrs ago and I'm (up to now) debt free.
The wife has plenty of ideas and has a somewhat carefree attitude to money. Me? I've no doubt I'll snuff it with over-stuffed pockets in my shroud.
Got one maturing myself in a few months and I have no idea what to do with it. Doubt it will pay off what was promised and expecting a 25% offset. The mortgage was paid off 10yrs ago and I'm (up to now) debt free.
The wife has plenty of ideas and has a somewhat carefree attitude to money. Me? I've no doubt I'll snuff it with over-stuffed pockets in my shroud.
smckeown said:
Id buy 6 good dividend stocks,and whilst they increase in value id use the dividends to pay for a holiday each year
If only there were guarantees. I last invested in the stock market in 1999 having lost confidence with it. The fact I still have PEPs gives you an idea of how long ago it was. Having said that some have been very good - Investco Perpetual & M&G I rate providing decent growth.I would still suggest that a gamble on the stock exchange can produce pretty outstanding returns. For instance I bought £30K's worth of RR shares two years ago and with dividends and paying tax I have more than doubled my initial £30K despite there being a bit of volatility at the moment but a month ago it was looking very rosey.
jeff m2 said:
The BRICs are all in the dumps at present and offer more favourable valuations than established economies.
That of course could be considered a little adventurous, so possibly put half in a Global Fund.
The BRICs are in the dumps mainly because there are enormous structural weaknesses there which mean that they are a much higher risk than most people have been factoring in thus far - the chase for yield has blinded people to risk.That of course could be considered a little adventurous, so possibly put half in a Global Fund.
Brazil's economy is tanking; Russia's going nowhere fast, and still runs a risk of enormous amounts of corruption; India isn't realistically at an investable stage yet; and China is over-spending massively on infrastructure, in the way Spain was 10 years ago, with similar reliance on unsustainable and unrealistic assumptions, borrowing ever more for ever smaller returns.
I think that many of the assumptions underlying BRIC investments are starting to be disproven. That is why everyone is getting out.
Personally, I still don't trust many investment strategies at this stage in the cycle. At some point the global economy will start to recover, and whoever is in the right investments at the time will do well. Unfortunately, no-one knows what those investments might be, and so, as usual, everyone's running after the next big idea.
I like property, but it can be hard work. If I were to go for financial investments, I'd be looking at splitting the money into two or three reputable equity focused funds from reputable managers.
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