Big Mack
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100 000 British pounds = $195150 U.S. dollars.
Put it down on a house, and sell the house in 7 years. That's how I started out, and now I own 26 houses, 2 apratment bulidings, and work 30 hours a week... |
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Mario E
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It's simple asset allocation.
Decide how you want to divide your money.
The recommended is 90% low-risk (savings) and 10% high-risk (stocks)
Or if you're younger, then 80% low-risk, 20% high
Or if you're younger, then 70% low-risk, 30% high
I wouldn't recommend 60%/40%, UNLESS you're really really young.
Now...you don't EVER touch your savings.
But with the profits that you make from your high-risk investment, you put HALF on your low risk accounts, and HALF for you to enjoy.
If you want to buy a car, for example, make sure your high-risk investment gives you enough money to buy that car twice. Because you have to remember that your profits from your high-risk investments have to be divided evenly into your own delights, and into your more secured investments..
This is called asset allocation. |
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Mr. Insecurity
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Invest, get the bank impressed, get interest, get the spending urges suppressed, do you best, to keep the money nest, or spend it and end it!
Good luck with your decision mate, keep your uncle in mind when making your decision- what would he have wanted you to do ? |
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Eric v
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the bigger the risk the higher the profit, but dont invest it all, u might end up loosing all of it, so u should invest in many different investments, so if one deal fails, u wont loose too much money |
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behorne
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1. Pay off all unsecured debt, credit cards, studen loans, etc.
2. INVEST the rest |
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sexytrojan
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I'm sorry your Uncle passed away.
Keep it in a 6 month CD until you figure out how to invest it. |
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RichDaddy
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DIVERSIFY????? Warren Buffett says, "Put all your eggs in one basket, then watch that basket very close!"
Don't ask for financialy advice for such a large amount of money here! Get a financial adviser who is rich!! (A lot of them are as broke as can be) Then ask him where he ivests his money and go for it! You've got the chance of a lifetime, don't blow it like most people do! |
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lil_poet_man
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well i dont know how much 100k pounds is in american money, but i would DEFINITELY save a lot of it. at least a third of it. you never know what you might need the money for later on down the road. it also depends on what you are going to invest it in--hopefully something useful lol--and how much of it you would need to invest. but thats just my opinion. |
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ewwwenglish4francecom
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invest sure |
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redrobin
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I've just been given a slap by my kipper wielding auntie - can we do a swop? |
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sexy lady 101
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u can invest by getting some premium bonds up2 £30,000 and they don't lose they value and u can cash them in at any time. p.s can u buy me a xmas prezzie pleaseeeeee |
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richardwales79
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I would go and see an independant financial adviser, they will give you the best advice on where to invest your money because with that amount you could accrue a nice sum of interest per year. Its up to you though, good luck!!! |
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Norm
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Invest some |
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andrew.dosdale@btinternet.com
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You answer your own question, you need some financial advise. Go into your local branch and ask if they can give you advice your manage investments on your behalf. |
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angy
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SPEND A LITTLE AND THEN BUY A HOUSE |
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ukcufs
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"well i dont know how much 100k pounds is in american money, but i would DEFINITELY save a lot of it."
Generally as a very rough rule: £100,000.00 is APROXIMATELY $200,000.00 |
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heartless_916
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u shud definitely keep some in my saving account. |
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Phoenix, Wise Guru
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Keep some in savings, some in a low risk investment, and whatever you feel comfortable putting into higher risk investments. "Diversify." |
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demnity
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How about investing in property - possibly a place abroad which you could rent out to travellers? I know there are some great investment opportunities in the Czech Republic at the moment, because the law is about to change for landlords and landladies, which will enable them to sell their properties more easily.
Good luck. |
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taz c
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Are you sure it's not £10,000? No one really gets given that much, do they? If you really have indeed inherited £100,000, buy a house, or go on holiday, then save the rest for your future. |
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floridaman39us
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100,000 pounds sounds heavy. You may need a forklift to carry that load. |
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Carolyn P
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I would suggest keeping some in a savings account unless you can invest it somewhere you are guaranteed to get all your money back whatever happens. You dont want to risk losing it. You could always give some to me and i will keep it safe for you! lol! |
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JOSEPH A
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phew depends. save at least 75% maybe alittle more should and you then take and make your own mind up about the rest |
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gringopete101
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put it in property, or have a good time drinking f'king and doing drugs. |
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jenny
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invest some money, buy shares and keep some just to keep you going. Lucky you but becarefull not to misuse the money or else you find yourself with a POUND in your bank account. |
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CHARLIEDONTSURF
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Concur with the guy above-charlie and escort girls-ENJOY!!! |
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Reyes&Ricky
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blow all the money on beer, have a good time! |
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rrrraaaahhhhhhhhhhhhhh
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look....you live ONCE...invest half or if nervous 3/4 then blow the rest!....if you have a great time.....blow the lot...you could be dead tomorrow! |
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Jak Darktent
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Spend some on wine, women and song, and then waste the rest. |
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jessie
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Marry me! |
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Citizen DeCat
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Pay off your mortgage/put it towards a house/high interest savings account (spread it around to minimise the risk). |
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clare
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Thanks guys and girls, some interesting comments, will let u know how its going xx |
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