Invest in shares. Don't worry too much about which ones, just a decent range - maybe 5-10k each (depends what you mean by 6 figure sum). Take a year or two over it, don't spend it all at once. You can expect about 2-3% dividend income plus whatever capital growth.
Don't use a fund unless you can check that the management fees are really low. Parasites, the lot of them.
I know this guy in Nigeria who can hook you up with a great investment.
Invest 30k in premium bonds the most you can have 30,000 chances of a win every month.
It changed not so long ago, it's £40,000 now.
SWAG: shares, wine, art, gold. Diversify for most security.
Buy oil when its somewhere near $50 /barrel
Give it 2-3 years and it will be back up somewhere near $100 / barrel
I'll take just a 5% commission for the tip.
I,d stick 30k on CF Woodford equity income.Tick the dividend reinvestment box,light a cigar,put your feet up and Waaaaaaaaait.Neil
PS,with inflation most bonds will lose you money.
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Oil is a decent shout IMO.
I,d stick 30k on CF Woodford equity income.Tick the dividend reinvestment box,light a cigar,put your feet up and Waaaaaaaaait.Neil
Pretty much my strategy!
I inherited about 20k in 1994ish when i was about 20. I invested it all for a few years then used some for a big holiday some for a couple of cheap cars etc and by about 2008 I still had 25k to use as a house deposit. So I guess my advice is use some fkr coke and hookers but invest a good chunk..depends on your age and responsibilities though I suppose.
Inherited some cash from my dad about 6 years ago. Some shares directly, some in investment trusts, also ISAs and self select SIPPs. Also cash in bank, to pay for kids music lessons, and so on.
I was also left some cash when about 18 / 20 - used that to offset the cost of buying my first flat, not regretted that. Never went into the buy to let game though.
I,d stick 30k on CF Woodford equity income.Tick the dividend reinvestment box,light a cigar,put your feet up and Waaaaaaaaait.Neil
Pretty much my strategy!
Hasn't that fund done less than 2% over last 3Y? vs FTSE100 doing 14%? For a 1% fee!
It has only been going for 6 months so bit early to judge
Warren Buffett said....Passive money management - track the index
I am not a financial advisor....
A +1 from me.
It has only been going for 6 months so bit early to judge
Plus the fee is less than 1%...
It was up nearly 8% in 6 months until last week when the whole FTSE started to dive....
It has only been going for 6 months so bit early to judge
But probably fair to refer to the performance of the Invesco Perpetual Income fund prior to that since Woodford is, for the sake of argument, almost exactly the same from a strategy point of view. And those that stick big chunks into woodford relative to overall portfolio size just bear in mind that whilst his track record is excellent the fund is heavily weighted towards the pharmaceutical/healthcare sector.
PS,with inflation most bonds will lose you money.
Utter pish.
Buy a racing car and race it
New bike forks I reckon...
It has only been going for 6 months so bit early to judge
My bad, screen annoyingly shows a 3y return not allowing for inception
My bad, screen annoyingly shows a 3y return not allowing for inception
So if this is all a dream within a dream within a dream the returns could be different?
But probably fair to refer to the performance of the Invesco Perpetual Income fund prior to that since Woodford is, for the sake of argument, almost exactly the same from a strategy point of view.
He has been beating IP slightly over the last 6 months.
me the brother and sister got a tidy sum when an aunt died.. i paid off the mortgage.. sister paid half of her husbands gambling debt.. brother moved a hooker/money chaser in.. very attractive, 19 years old ( he was close to 40).. lasted a year.. but hes still smiling..
So why wouldn't property be the best long term investment? How about an industrial property/unit? Higher rent to value, less maintenance as most are just 4 walls and a roof.
Get a decent deposit off a tenant and away you go.
Find a good (and expensive) financial adviser.
I had 50k from my father (still with us thankfully...) last year. I kept some for house improvements and odd jobs, and gave the rest to an IFA. Quite steep (1% upfront and 0.5% per year...) but well worth it - the portfolio has made well over 10% in the last 12 months. It's as safe as I need it to be - the risks are strictly managed with a variety of stock, in case of poor performance in any particular sector.
Some folk set them up to provide an income, whereas mine just accrues value...
Gotama,you obviously haven't seen the yield on govt bonds lately.Try having a look sometime.Perhaps start with German govt bonds.You'll no doubt recommend rocketman to get rich with them.
BTW anyone looking for a long term, low cost tracker fund would do a lot worse than the HSBC FTSE trackers (accumulation or income) which IIRC charge only 0.1% pa and have a pretty good beta record (closeness of tracking)
Its where I stick our ISA pots each year.
BTW anyone looking for a long term, low cost tracker fund would do a lot worse than the HSBC FTSE trackers (accumulation or income) which IIRC charge only 0.1% pa and have a pretty good beta record (closeness of tracking)
Good choice, but be careful of the platform fees your broker charges...
indeed.
I use Share.com frequent trader which works for me quite well.
Long term currency speculation?
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It's got to go back up eventually... Right?
