Author Topic: No assets. What to do with 150k GBP? Property?  (Read 1892 times)

mubington

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No assets. What to do with 150k GBP? Property?
« on: February 13, 2014, 02:20:51 PM »
I have 150k spare cash. Should I just put the whole lot in stocks?

It's currently 1/3 in UK stock trackers, and 2/3 in cash @ 1% interest.


« Last Edit: October 09, 2017, 05:34:57 PM by mubington »

frugledoc

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Re: No assets. What to do with 150k GBP? Property?
« Reply #1 on: February 13, 2014, 02:30:55 PM »
How about:
- 60,000 as a deposit to buy the flat you are living in at 60% LTV then rent it out
- 60,000 into  stocks and shares -half into high yield shares and the other half into emerging markets and investment trusts
- 30,000 into premium bonds.

Thegoblinchief

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Re: No assets. What to do with 150k GBP? Property?
« Reply #2 on: February 13, 2014, 03:43:21 PM »
I'd invest the bulk of it without knowing further details.

What's your monthly rent? Knowing that could help in the rent vs buy calculation. I know UK has the reputation of being inflated currently, not sure about your area/circumstance.

Sacadoh

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Re: No assets. What to do with 150k GBP? Property?
« Reply #3 on: February 13, 2014, 04:14:21 PM »
I am a jock.

Unless you plan to be in the one place for 5 years or more, I'd say keep renting.

On investing the cash, I'd think everyone would need a lot more background to give you a steer.

phred

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Re: No assets. What to do with 150k GBP? Property?
« Reply #4 on: February 13, 2014, 04:15:04 PM »
put it into stocks?  No, since you seem to know little of the stock market.  If you knew more, then you wouldn't need to ask.  I would not put all the money into a flat either; you'd have nothing left.  How's the rental market where you are?  Buy a couple or three buy to lets and rent them out?

daverobev

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Re: No assets. What to do with 150k GBP? Property?
« Reply #5 on: February 13, 2014, 06:03:43 PM »
Does anything in http://www.mrmoneymustache.com/forum/investor-alley/uk-investment-advice-for-an-absolute-beginner/ help?

150k you could buy one small house and rent it out (live in it for 6 months first to get the better rates), put 20% downpayment, and yeah - invest the rest.

It'll rollercoaster a bit, but over the long term don't worry. At the bare minimum please use up your full ISA room before April...