£150k to invest and grow

[Mr.D]

Hello

Looks like I'll have about £150k going spare. Interesting.

Assuming I don't want to put it into property or pension funds what would be the most lucrative way to invest ?
I'm assuming speculating on the markets with it is probably the best approach. I did not bad with £60k of gold bullion in the noughties and made about 20% profit in 3-4 months ( was almost a full time job though and to be honest if I had walked awy for a few months instead of being smart I'd probably have made slightly more or the same.

Cheers for suggestions , columbian nose powder and ladies of the night not required either.

[Macca]

Simple solution here, spend 150k on unpopular rolex models now (my tip is polar explorer and Milgauss models) and leave it a few years... kerrrching lol

You’re probably going to encounter less hassle investing but with Brexit who knows where to invest, properly is a non no in terms of appreciating but a rental portfolio on the other hand is very lucrative, oh and good time to get an e46 m3 I feel.. prices stating to creep, get a good bargain be now and they will sky rocket

So maybe a mix of property and rolex, and a bmw m3.... and there’s my awful top for the week finished


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[Sean89]

I’ll take the other 100k. Give yer 2% return... No questions asked.

As below Marcus is market leading for savings. If you don’t need the money for upto 2years there might be a slightly higher return available.

[pete-r]

What's the timeframe for ROI?

Can't go wrong with property and if you wanted high yield you could buy and let 2 or even 3 small flats/houses in mid Wales or the north east.

[Mr.D]

What's the timeframe for ROI?

Can't go wrong with property and if you wanted high yield you could buy and let 2 or even 3 small flats/houses in mid Wales or the north east.

ROI ... 5 years plus ??? . I was kinda shying away from property. I was under the impression its not great these days. Just sold a house in London.

[Brian]

1 year bond 2% - no risk joint names until all this unceratinty sh** is over - but when will that be.... but compound interest is your friend when you lend money.

B

Corporate bond funds are priced too highly (IMHO) at the moment but I'm yielding 4% - if you have ISA allownaces could be considered.

Stay away from the dreaded market would I at the moment with Rees Mogg and the likes of Boris and the other Eton mess all shorting around all over the place.

Just an opinion you understand................No mention of any derivatives you may note.

I like my money to be my money. :-)

[Andyg]

Proper first world problem

If you buy "things" then you have to consider the costs and ease associated with selling them, however if it's really burning a hole in your pocket then invest it in something you enjoy. Perhaps a classic car (A X50 Porsche 996 Turbo would be a good starting point, or watches (a selection of 4 or 5 digit Rolex Sports watches) or perhaps some Art ((Bansky, Hirst, etc). The downside with cars is the costs of storage and maintenance, but this is offset by the thrill of driving them.

The answer is certainly not a boat, a helicopter, race horses or a football club

[Mick P]

Best overall performers are tracker funds. Dead easy to buy, cost peanuts to manage and nearly always beat managed funds.

[ryanb741]

Don't buy property. Ethically I don't think it's the right thing to do. I'd be tempted to stick it into the Vantage Lifetracker 100 fund and let it ride, making sure you use the full £20k per annum Isa Allowance

[justin44]

We were in the same boat recently, we took the simple approach as we wanted to just spend it and forget.

Bought a flat cost £148,000
Rent £ 975.00 a month
Service charge £ 1,200.00 per year
Management fee 8%

We do nothing, if something breaks the management company call and we say fix it, they then deduct the cost from the rent.

A friend would have bought 3 properties in Wales for the same money, but we took the approach that 3 properties could have 3 times the risk if things breaking, and finding tenants etc..

Is this the right way to invest? Maybe there is a better way but it works for us.

[jaytip]

Don't buy property. Ethically I don't think it's the right thing to do.

Can you expand on this?

Cheers.

[noTAGlove]

All depends on your attitude to risk.

Everything is toppy now. House prices, stock market even watches.

No easy investments at the moment, that why any additional money I’m investing now is just tredding water (and just about keeping up inflation) in a cash ISA.

Can’t risk 40% stock market falls like in the noughties, even if the prospect is low. But, it was considered low in the noughties until it just happened.

[hogthrob]

If you aren't going to invest in property, then wouldn't it be best to spread it around?

Places you could put some:
Premium Bonds
ISAs
Your mortgage

I know you exluded pension funds, but it's a very tax efficient way of saving.

[VDG]

Ah, I was about to suggest some gear and trannies, oh well. Seriously though, if it’s a long term investment , buy an antique art. There is only one way the value of it goes. Plus it’s nice to look at and a talking point if you like to entertain.

[Lomax99]

Could look at HL Active Savings, currently has 6 different banks offering rates between 1.65% and 1.98% over 12 months. Also offer a selection of other terms. One application, easy admin and FSCS protection of up to £85k for each different entity you place funds with.


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[beechcustom]

Could look at HL Active Savings, currently has 6 different banks offering rates between 1.65% and 1.98% over 12 months. Also offer a selection of other terms. One application, easy admin and FSCS protection of up to £85k for each different entity you place funds with.


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Just looking at this. Seems ok for people looking to lock in for 6 months plus but only one instant access option (Coventry BS) and the rate is lower than other options (only 1.25%).

Just noticed that Coventry are now offering a cash ISA at 1.5%. It's variable though so could move but it's worth considering. My Marcus account matures soon so I may move over to Coventry's ISA. Can you have a stocks and shares ISA and a cash ISA at the same time?

[David_D]

Can you have a stocks and shares ISA and a cash ISA at the same time?

You mean can you subscribe to both in the same tax year? I'm not sure - used to be able to so I suspect so. I'll see if I can find the answer; got me wondering!

EDIT: https://www.fool.co.uk/investing-bas...ds/isa-basics/

Mixing share and cash ISAs
If you like, you can open both a cash ISA and a Stocks & Shares ISA in the same tax year. However, the total amount you put in cannot exceed £20,000.

[beechcustom]

You mean can you subscribe to both in the same tax year? I'm not sure - used to be able to so I suspect so. I'll see if I can find the answer; got me wondering!

Yes and you can (just checked on MSE. £20k limit applies).

[tixntox]

I have a very good friend (or at least he says that he is) in Africa, who has a partner who has a gold mine. His father has put 2 tonnes of gold in trust for him, which he will be able to sell in two years time. Unfortunately, my friend appears to have dyslexia as he keeps spelling things wrong and needs a UK investor to put up funds to his friend so that he can have some cash now. If you send me your email address, I will forward all of his emails to you so that he can have all your bank details and passwords to deposit a sale of gold certificate. Alternatively you could just put the cash in a wheelbarrow and leave it on a street corner for him to collect! :)

[Skyman]

I think people for the money will buy an apartment. Or if for them this amount is small, then they know what to do with such money.

You clearly do not have the same issue on your mind.