Discussion
Ok,You have inherited £50,000 (i have,looking for advice)
Do you,invest?if so..in what?
Buy a business? if so,what?
Clueless sums it up,i already own half a restaurant,but want to do something different.
Or do i just buy the 360 spider in the classifieds ive been eyeing up?haha,nope thats not an option.
I want to make the most of it,cheers.
Do you,invest?if so..in what?
Buy a business? if so,what?
Clueless sums it up,i already own half a restaurant,but want to do something different.
Or do i just buy the 360 spider in the classifieds ive been eyeing up?haha,nope thats not an option.
I want to make the most of it,cheers.
Why not speak to an independent financial advisor and see what they suggest in terms of investment possibilities? Most will operate on a no-charge basis (and make their money by commission on what they sell to you) if you don't want to pay for the advice.
If you've got a mortgage, I'd probably pay that down first (assuming you won't get penalised for doing so) given the paltry rates on offer at present and the fact that you'll probably be paying considerably more than that on whatever you owe.
If you've got a mortgage, I'd probably pay that down first (assuming you won't get penalised for doing so) given the paltry rates on offer at present and the fact that you'll probably be paying considerably more than that on whatever you owe.
No need to rush to a decision in which case pay into your mortgage as much as you can without incurring fees if offset mortgage put all in if not put as much as you can in then rest possibly in premium bonds as in 100% risk free and totally liquid.
IF something comes up at some point in x months x years later then when you have a real idea after full investigating it then do it. OR it could be a nice slug of deposit to upgrade to a bigger house or extend your house.
Or if you have unsecured debt at high interest clear them down.
IF something comes up at some point in x months x years later then when you have a real idea after full investigating it then do it. OR it could be a nice slug of deposit to upgrade to a bigger house or extend your house.
Or if you have unsecured debt at high interest clear them down.
Pay off Card. Then assuming you've got nothing else, max out ISA allowances (either Cash or Shares or both) for you and wife )if you have one!). Good time to do it as you are going to cross 2 tax years shortly so can get a real good chunk of the £50k into them in the space of a month.
Remember that any 'investment' should ideally be left for 3-5 years
Remember that any 'investment' should ideally be left for 3-5 years
no-worries88 said:
Ok,You have inherited £50,000 (i have,looking for advice)
Do you,invest?if so..in what?
Buy a business? if so,what?
Clueless sums it up,i already own half a restaurant,but want to do something different.
Or do i just buy the 360 spider in the classifieds ive been eyeing up?haha,nope thats not an option.
I want to make the most of it,cheers.
Had you considered coke and wDo you,invest?if so..in what?
Buy a business? if so,what?
Clueless sums it up,i already own half a restaurant,but want to do something different.
Or do i just buy the 360 spider in the classifieds ive been eyeing up?haha,nope thats not an option.
I want to make the most of it,cheers.
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