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Forum For Men • View topic - Where to invest 70k
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Where to invest 70k

Posted: Sun Mar 19, 2017 7:54 pm
by Greeno13
I have recently inherited £70k and I am not sure what to do with it.

I have my own house which is currently mortgaged but I want to try and invest it for the future.

What should I do with the money? My money looks like it will devalue if I put in in a savings account.

Re: Where to invest 70k

Posted: Mon Mar 20, 2017 10:23 pm
by ohwhynot
Greeno13 wrote:
Sun Mar 19, 2017 7:54 pm
I have recently inherited £70k and I am not sure what to do with it.

I have my own house which is currently mortgaged but I want to try and invest it for the future.

What should I do with the money? My money looks like it will devalue if I put in in a savings account.
The standard answer a few years ago would have been, stick it in a buy to let but things have now changed and the government seems to be anti buy to let.

Re: Where to invest 70k

Posted: Tue Mar 21, 2017 11:34 am
by craigmj
OP have you got any debt? I would pay that all off first and see what you have left.

Re: Where to invest 70k

Posted: Sun Apr 02, 2017 8:03 pm
by Greeno13
craigmj wrote:
Tue Mar 21, 2017 11:34 am
OP have you got any debt? I would pay that all off first and see what you have left.
I don't have any debts apart from the Mortgage, and that is on such a low rate I am in no rush to pay if off.

Re: Where to invest 70k

Posted: Mon Apr 10, 2017 10:58 pm
by stevenev
If you haven't already pay as much into an ISA as possible.

Re: Where to invest 70k

Posted: Wed May 10, 2017 9:52 pm
by Greeno13
Thanks for the advice. I have filled up me and the Mrs 20k ISA allowance. Still have 30k left so have put 10k in a "high" interest savings account which I can get to quickly. Still looking for a home for the remaining 20.