relative about to get clear 80k what should he look to do with it

[brooke1]

hi a relative is about to get a clear inheritance of 80k

he would preferably like to invest and get some kind of return.

is it the time to buy a house here ? or a house abroad etc

I cant imagine 1 house alone will do him any favours

his mortgage is paid off

anyone got any ideas thanks stock markets etc are entering unkown territory

what about having a house built with 4 flats in if he put some more money forward

just throwing some ideas together really thanks

 

[David Earle]

I'd buy 80,000 lottery tickets.

 

[S-Marketing]

I'd buy 80,000 lottery tickets.

Great idea, you'd be bound to win a tenner.

 

[Kernowman]

Spend the lot on wine, women and song.

Might as well, in a short time we might need a barrowload of tenners just to buy a loaf of bread

Not spreading any doom and gloom or nuffink like that

-----------------------------------------------------------------------

Hard to say what the best investment is because house prices are still on their way down, unemployment isn't too secure and I think the investment houses having changed their disclaimers on their adverts to go from "The value of your investments may go down as well as up" to "The value of your investments may go down as well as plummet" says a lot to me.

Bank? No, that's the new four letter word methinks.

 

[MASSEY]

Go over to spain and take advantage of all the people who are selling for any money. You would need a mortgage though as 80k isnt enough to get a real bargain.

Now is the time to buy. They might fall a few % here and there until it gets good again but anyone who is serious about buying houses keeps them for 20-25 years and sells at a huge profit.

Dont lose it on the stock market

 

[Kernowman]

Go over to spain and take advantage of all the people who are selling for any money. You would need a mortgage though as 80k isnt enough to get a real bargain.

Now is the time to buy. They might fall a few % here and there until it gets good again but anyone who is serious about buying houses keeps them for 20-25 years and sells at a huge profit.

Dont lose it on the stock market

Spain? Until the Spanish government decides which houses have built legally and those that haven't and bulldozing them to the ground if in doubt, then I would be very cautious about buying property there.

 

[MikeJ]

Probably the best advice is "don't try to get free investment advice off an internet forum".

 

[MASSEY]

Spain? Until the Spanish government decides which houses have built legally and those that haven't and bulldozing them to the ground if in doubt, then I would be very cautious about buying property there.

Well you would do a little research wouldnt you.

Anyway... I thought it was greece that had that problem :|

 

[filtuh.com]

Spend the lot on wine, women and song.

And squander the rest

For the moment, split between several high interest paying accounts, take a grand out to play the penny shares with, and take his time considering the options. And don't tell anyone he's got it.

He could consider joining a business angel network, or directly invest, but keep the investments low imo. Easy to get carried away.

 

[Big Pete]

Do nothing for 6 months or so ,next year you should then buy a real giveaway priced bargain house..
There will be loads once the cutbacks and unemployment soars ,

then rent it out to the DSS ,as they will be severely short on properties by then

 

[filtuh.com]

Not a bad idea pete

 

[S88MRG]

Agreed, ask a professional.

Personally I would stick it in a high interest (fixed rate) account for a year or two then maybe you might have a safer investment.

 

[Psl]

80k is not a lot really when it comes to low risk investing and getting a good return in the short term, 1-5 years. However, as a nice long term investment with a higher risk element, 80k could be turned into a nice big lump of ££££. This is just my opinion

 

[brooke1]

thanks for replies he knows about visiting a financial adviser ofcourse but just thought of asking on here as you you never know someone might come up with something staring you in the face

 

[havscope]

Look for small entrepenurial businesses needing investment and rely on your gut to invest on the right business/person with at least a 3rd of it. A fun way to use your money! Be a small scale dragon!

 

[luvbusiness]

Do nothing for 6 months or so ,next year you should then buy a real giveaway priced bargain house..
There will be loads once the cutbacks and unemployment soars ,

then rent it out to the DSS ,as they will be severely short on properties by then

Well weve just been through about two years of a financial shock but the house prices have been quite resilient.Cant see so far how they have dropped that much

 

[Big Pete]

Well weve just been through about two years of a financial shock but the house prices have been quite resilient.Cant see so far how they have dropped that much

Shock !! trust me the recession hasnt even started yet

My 6 months was conservative actually ,but i dont want to scare people to much