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No assets. What to do with £150k GBP? Property?
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Topic: No assets. What to do with £150k GBP? Property? (Read 2616 times)
mubington
5 O'Clock Shadow
Posts: 56
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
»
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frugledoc
Pencil Stache
Posts: 743
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.
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Thegoblinchief
Guest
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.
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Sacadoh
5 O'Clock Shadow
Posts: 43
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.
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phred
Pencil Stache
Posts: 500
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?
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daverobev
Magnum Stache
Posts: 3962
Location: France
Re: No assets. What to do with £150k GBP? Property?
«
Reply #5 on:
February 13, 2014, 06:03:43 PM »
Does anything in
https://forum.mrmoneymustache.com/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...
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No assets. What to do with £150k GBP? Property?