Want to invest in with your lump sum?

Hawkey99 · Post by **Hawkey99** » 12 Mar 2019, 11:54

I know we are all different but just wondered what sort of things people were considering investing their lump sum in.

Im looking at something like 60% in Vanguard 60 which is a mix of worldwide stocks and shares and bonds. Possibly an Innovate isa such as funding circle or Zoopla, a bit in Emerging markets and the rest in the bank.

Any thoughts ??

lordthornber · Post by **lordthornber** » 12 Mar 2019, 13:43

You're right, we're all different. A lot depends on your attitude to risk, a friend of mine has £190k in a managed fund and last year it made him 0:85%. He's fuming but he admits he hasn't a clue and he's scared to death of it losing value.

I recommend you follow some funds, and/or individual shares and see how they 'move'. Are you comfy with stodgy funds, or excited by roller coaster funds? On a 1 (dull), to 10 (racy), scale I'm a 7 or 8. You may know your level already.

Don't forget, up to age 75 and if you're a none tax payer, you can pay £2880 nett £3600 gross into a SIPP per year, so you've got yourself £720 of tax relief or 20% without breaking sweat. Recycling rules to be observed of course....

Decky Boy · Post by **Decky Boy** » 12 Mar 2019, 17:59

If it's a lump sum taken from your pension pot when it matured I'd suggest you seek some professional financial advice. A Cash ISA is probably safest for a good chunk though interest rates aren't that great right now. Commsave are currently paying 2.25% on their Blue Acorn Cash Isa ( though I am unsure if this account is open to new members ?

Time things right and a pocket-full of gold Sovereigns are unlikely to loose their value ! ! !

I think consolidation rather than investment may be the way to go... especially in these uncertain times ?

noggin1969 · Post by **noggin1969** » 13 Mar 2019, 16:20

Class A's and firearms are a risky bet , but get it right and the rewards can be huge

TheStrangler · Post by **TheStrangler** » 27 Sep 2019, 11:18

Maybe premium bonds? Risk free, usually win something each month and always the chance of a big win.

Post by **RobertT** » 27 Sep 2019, 14:42

PB's are a lottery, you've got a very small chance to win big, but you probably won't! And if you don't get enough smaller prizes to keep pace with inflation, your money will effectively be going down in value. So not entirely risk free.

In practice your investment strategy during retirement won't necessarily vary from during your working years, as it all comes down to personal choice and the aims you have for your money.

If you're planning on spending it fairly quickly on that new car and a few exotic holidays, then a high interest savings account or similar, is probably best.
But if you're going for longer term growth, equities are still the way to go in my opinion.