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Financial advice
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By *iguyyy OP Man
over a year ago
whitstable |
Say you won on a scratch card or inherited like £100k what would you buy/invest in right now to maximise your lifestyle and future? For me it would have to be a good deposit on a house but it’s so intriguing all the different ideas people have with money! |
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By *iguyyy OP Man
over a year ago
whitstable |
"Buy a house in wales somewhere like Blynneau Ffestiniog outright and rent it.
Or
Just pay off most of my mortgage. Best way to save is to not spend…"
Very true, but if you could generate a steady £1000 interest from the £100k then you’d be able to spend more  |
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By (user no longer on site)
over a year ago
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I'd set aside enough to pay off my mortgage, using my 15% 'free' annual overpayment
I'd give £5k to charity, £10k to my family
Then with the remaining £45k I'd travel ... I'd go to:
* Antarctica
* Canada and do the lake/mountain/water
* Peru + cuba
* Rain Forest expedition
 |
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By *iguyyy OP Man
over a year ago
whitstable |
"I'd set aside enough to pay off my mortgage, using my 15% 'free' annual overpayment
I'd give £5k to charity, £10k to my family
Then with the remaining £45k I'd travel ... I'd go to:
* Antarctica
* Canada and do the lake/mountain/water
* Peru + cuba
* Rain Forest expedition
"
Wow! Great plan that, spend it while you’re here make the most of it!  |
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By (user no longer on site)
over a year ago
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"I’d do half and half. Save half and spend half. First thing I’d do is book a truly luxurious holiday. I could do with one!
Oh tell me about it! Straight to the Maldives for 3 weeks "
How did you know that was my no.1 destination?! |
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By *iguyyy OP Man
over a year ago
whitstable |
"I’d do half and half. Save half and spend half. First thing I’d do is book a truly luxurious holiday. I could do with one!
Oh tell me about it! Straight to the Maldives for 3 weeks
How did you know that was my no.1 destination?!"
Top of most peoples wish lists! My second choice is definitely Bora Bora though |
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By *litterbabeWoman
over a year ago
hiding from cock pics. |
I would buy buy a bitcoin, £10k premium bonds just in case I get lucky for the million, a car each for two family members who could really use them, take my family on a wonderful holiday.
I would treat my other family members and help some local charities. |
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By *iguyyy OP Man
over a year ago
whitstable |
"I would buy buy a bitcoin, £10k premium bonds just in case I get lucky for the million, a car each for two family members who could really use them, take my family on a wonderful holiday.
I would treat my other family members and help some local charities."
Wow a bitcoin? I’d rather buy 10 ethereum’s!
But the rest sounds very good to me! Lucky family to have such a kind person |
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By *litterbabeWoman
over a year ago
hiding from cock pics. |
"I would buy buy a bitcoin, £10k premium bonds just in case I get lucky for the million, a car each for two family members who could really use them, take my family on a wonderful holiday.
I would treat my other family members and help some local charities.
Wow a bitcoin? I’d rather buy 10 ethereum’s!
But the rest sounds very good to me! Lucky family to have such a kind person "
I'm very new at looking at crypto, but the gas fees on Etherium would put me off.
I think either of them are good for a long-term investment. |
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By (user no longer on site)
over a year ago
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"I'd set aside enough to pay off my mortgage, using my 15% 'free' annual overpayment
I'd give £5k to charity, £10k to my family
Then with the remaining £45k I'd travel ... I'd go to:
* Antarctica
* Canada and do the lake/mountain/water
* Peru + cuba
* Rain Forest expedition
"
This^^^ she is in my brain hole  |
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I would spend it on updating our home - new kitchen, new bathroom, fix the roof etc all the expensive things that need doing. I’d buy/put money aside to get the kids reliable cars too. If there’s anything left I’d keep it in the bills account to cover future gas & electric bills
J x |
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By *yron69Man
over a year ago
Fareham |
Investing is hit and miss. Sometimes you get a good year, others bad.
Plus you pay annual fees either way.
Property investments can be good. You invest in companies that own buildings basically. Your returns are from the rents collected.
Property is on the up still. 100k won’t buy much but as long as you can cover a mortgage you won’t do too bad.
Phone an independent financial advisor. They can give a free initial consolation and advise on the level of risk you want to take and exactly what you want from any action taken. |
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By *iguyyy OP Man
over a year ago
whitstable |
"I wish i had taken financial advice i have 270k left but dont know what to do with it  "
Wow you have £270k!?! Don’t keep it tucked up in a bank account that’s for sure, do you enjoy your current job? If not then start a business with something you do enjoy. But a holiday home in the south west of England, or invest invest invest! |
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By (user no longer on site)
over a year ago
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"Id split it, 70k would go into various nft & crypto projects as i know id double if now triple my money within 18 months 
So spill the beans let’s all triple our money "
Shares- prem, im up 565% on last year raising 57% in a week 
Cypto- eth, grt, mana, near are good projects to jump on atm for any budget.
I mine ETH and initial set up of 20k was made back in 7 month. Im on year 3 now with that |
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By *iguyyy OP Man
over a year ago
whitstable |
"Id split it, 70k would go into various nft & crypto projects as i know id double if now triple my money within 18 months
So spill the beans let’s all triple our money
Shares- prem, im up 565% on last year raising 57% in a week
Cypto- eth, grt, mana, near are good projects to jump on atm for any budget.
I mine ETH and initial set up of 20k was made back in 7 month. Im on year 3 now with that "
Wow that’s some profits! |
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By (user no longer on site)
over a year ago
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Stick it in a stocks and shares isa depending on your risk tolerance.
10 years at 3 % £134k, 5% £164k, 8% £221k, 11% £298k.
If you got 11% and left for 20 years you'd have ~£900k
S&P 500 ETF annualised returns of 8-10% over the last 60 or so years.
My early retirement plans all tied into the above
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"Stick it in a stocks and shares isa depending on your risk tolerance.
10 years at 3 % £134k, 5% £164k, 8% £221k, 11% £298k.
If you got 11% and left for 20 years you'd have ~£900k
S&P 500 ETF annualised returns of 8-10% over the last 60 or so years.
My early retirement plans all tied into the above
"
Not really sure where you would get those rates for an ISA currently? |
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By (user no longer on site)
over a year ago
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"Stick it in a stocks and shares isa depending on your risk tolerance.
10 years at 3 % £134k, 5% £164k, 8% £221k, 11% £298k.
If you got 11% and left for 20 years you'd have ~£900k
S&P 500 ETF annualised returns of 8-10% over the last 60 or so years.
My early retirement plans all tied into the above
Not really sure where you would get those rates for an ISA currently? "
It's not a savings ISA, stocks and shares ISA, completely different |
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"Stick it in a stocks and shares isa depending on your risk tolerance.
10 years at 3 % £134k, 5% £164k, 8% £221k, 11% £298k.
If you got 11% and left for 20 years you'd have ~£900k
S&P 500 ETF annualised returns of 8-10% over the last 60 or so years.
My early retirement plans all tied into the above
Not really sure where you would get those rates for an ISA currently?
It's not a savings ISA, stocks and shares ISA, completely different "
I understand but I assume these are averages on historical returns? |
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By (user no longer on site)
over a year ago
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"Stick it in a stocks and shares isa depending on your risk tolerance.
10 years at 3 % £134k, 5% £164k, 8% £221k, 11% £298k.
If you got 11% and left for 20 years you'd have ~£900k
S&P 500 ETF annualised returns of 8-10% over the last 60 or so years.
My early retirement plans all tied into the above
Not really sure where you would get those rates for an ISA currently?
It's not a savings ISA, stocks and shares ISA, completely different
I understand but I assume these are averages on historical returns? "
Averages based on personal risk tolerance and where your investment is split. You can move your ISA up and down between different funds as you see fit.
All returns are achievable based on my experience, I've seen 5% to 17% over the last 15+ years on my own investments |
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By (user no longer on site)
over a year ago
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Spend 20k on my car and make it the beast its destined to be, use 20k to to find a new place with a garage and use the money for furniture and to cover the rent and bills for a while until im back on my feet. Use 10k for myself to splurge a little, clothes, new computer etc. Then the rest of the 50k left ill dump into savings to gather interest and have it there when i really need it |
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"I’d do half and half. Save half and spend half. First thing I’d do is book a truly luxurious holiday. I could do with one!
Oh tell me about it! Straight to the Maldives for 3 weeks "
I got exceptionally bored in the Maldives. Lovely place but nothing to keep me interested |
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"I’d do half and half. Save half and spend half. First thing I’d do is book a truly luxurious holiday. I could do with one!
Oh tell me about it! Straight to the Maldives for 3 weeks
I got exceptionally bored in the Maldives. Lovely place but nothing to keep me interested "
And that sand gets everywhere  |
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By *oss11Man
over a year ago
eastleigh |
Buy a property in the Southampton area and open it up as a swingers club. There’s nothing around here so it would be prosperous if it failed I’d still have the property you hardly lose investing in property leave it to the kids |
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By (user no longer on site)
over a year ago
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There are a number of ways of looking at this:
With my appetite for risk I would play the macro having some experience in it. As we write interest rates are likely to rise making banks a good bet (they make money in these environments because they make their profiles from the Net Interest Margin (NIM) the difference between what they charge borrowers and what they pay savers.
When inflation tapers off (not interest rates) I would be buying high growth. Depending on the entry point my favourite stock is Tesla right now and from my view Tesla are a screaming buy anything below $700 with a view to holding for 3-5 years and if you haven’t by then quintupled your money I would be amazed.
If your appetite for risk is high but want to let others manage it in a high growth fund then I would buy an ETF called ARK K which is a high growth fund with a view to long term capital growth. Their biggest position is Tesla but they are also invested in genomics and AI which are areas which are about to explode. If I had children I’d put £20,000 in an ISA invest that into ARK K for them and let see how it grows until they are old enough to manage it themselves.
I wouldn’t go into houses / property, especially not commercial property because they are nearly a full 100% negatively correlated to interest rates which, to put it in perspective have never been lower and look for all th world like they are about to spike (remortgage and fix if you’re reading this and you can). In short there may be a house price crash about to come because of the rise in inflation.
I like Bitcoin here although it’s very volatile and you would need to ride a short term downside risk. I see it in the medium term being very very lucrative if central banks start to change their reserves over to that from the Dollar, which is not impossible. If your appetite for risk is low Bonds are a decent bet here, but not for too long, I’d be seeking out when the world calms down and moving to high growth.
I hope that helps. Best of luck. |
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Pay off my mortgage. Fix evrything thats broken in my sons new flat, how it got through inspections. I'll never know. Broken boiler, front door hanging off, blown windows, most window locks broken or missing. His is ground floor, the fff has 7 missing bricks on the course below the gutter.
I'd also give my freind who works so hard, and gets set backs no fault of her own. A large sum of cash. |
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By (user no longer on site)
over a year ago
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I have everything I need. so I would invest the money to people that really need it. I believe in helping people . I have been lucky enough to have people in my life that believed in me. So I go though my life now in helping where I can |
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By *lim_funMan
over a year ago
Hebden bridge |
"Crypto, a decent liquidity pool that offers silly gains like 200,000 Apr always works for me
Hmm sounds good… any recommendations for a 200,000 apr "
you gotta be early to the big moves but defi kingdoms launching avax staking pools in like 20 hours. Alot of scams follow official Twitter links mah dude |
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