I'm 27 and I'm going to get an inheritance of ~£300k (~$430k) this year.
I also have £40k (~$57k) in shares which I don't want to touch because they are in a tax free ISA, which I can only add back £15k a year once I withdraw it.
What do I do with this money? Real estate? Index fund? Start a business? Most interest efficient back account?
buy ethereum
>>1140802
Don't know enough about crypto currencies.
>>1140806
What's there to know? You put money in and money comes back out. It's like an ATM that gives you unlimited cash.
Index fund, move to southern Europe.
a 1,000£/income in spain, portugal or Italy is equivalent to a 3,500£/income in London, except with a bigger flat and you get to see the sun more than once a year. you could retire already and live a very confortable life.
>>1142208
Everything written in this post in bullshit.
Sincerely, an Italian guy.
Well you can also move somewhere like Croatia where it would be pretty easy to stretch out €1k. You can pretend you lvie in Italy except that nobody will rob you.
>>1140800
spend it all on long term options for SunEdison. If it gets acquired, you are a millionaire.
>>1140800
i guess your in the uk. buy a house or two flats to rent out. student houses are good (4/5 bedrooms) or 2 flats rented to professional couples would be low management. put the rest in zopa/funding circle
>>1142209
shut up cuckold, we will invade the south for sun and warm and ibiza, mark my words and wipe my fucking arse
>>1140800
Buy a house, live in it, keep your job. Not having a mortgage will make you more than any handful of percent return on an investment.
And if the economy goes south, well, you still have a house, don't you?
Get some ethereum and hold.
>>1142236
OP here
I'm thinking of doing this. I dunno if I can afford that much though. I'm hoping to get close to or above 8% ROI net yield a year, that would be amazing.
If I have any money left over I'd buy some SEIS shares in a company for the tax relief. I'd also like to take advantage of the residential room letting tax relief.
The way I work it out:
Most efficient bank account - <3% per year
Real estate - 5-10% + capital growth a year
Index funds - 3-5% a year
Does anyone have any other ideas I'm missing?
>>1142235
Why would it be acquired? Get me up to speed pls
Lotto, alll on lotto
>430k
>large
keep growing the S&S ISA and re-invest any dividends from it into it.
As of next tax year you can earn £1000 in tax-free interest too, so stick £20,000 in that Santander 3% current account.
Rest in an index fund I guess (and move it over to the ISA-wrapped investments each year)
Personally I'd put £1000 into ETH and some other moonshot coins (i.e. Maidsafecoin)
>>1142579
British housing market is long overdue a correction desu.
Once rates come up to even 2% I reckon we'll see it. Would help if the govt. didn't keep propping it up with subsidies for buyers.
>>1142958
Yeah this is what I'm worried about. Real estate is a long term (20y+) investment so it shouldn't matter. Wait and buy the dip? Seems like a boom time atm from monitoring it for the past 6 months but who knows when that will end right.
>>1143005
Already seeing declines in prime london property
>oversupply
>increased stamp duty (Tax on property purchases)
>less demand from Russian, Chinese and Gulf foreign buyers for various reasons
JP Morgan predicting 20% decline in prime London prices this week.
Obviously OP wouldn't be in prime London with £400k. Not sure how contained this''l be though.
It's been booming for the last 20 years (apart from 08/09) especially in the South East.
>>1143029
London really skews the UK housing market. It should really be discounted and looked at in individual areas.
I assume the prime London areas are feeling the up coming stamp duty rises. This doesn't affect the rest of the country so much.
I don't see how I could realistically wait until a interest rate rise causes a drop in housing prices considering that interest rates could be low for 3-5 years.
Houses will be cheap when the baby boomers die off.
>>1140800
all of the above
diversify your investments
mitigate losses
>>1143117
You're in for a long, long wait.
Pic related. Assholes who stated the same thing to investors.
>>1143117
>what are wills
>what is an ever increasing demand
