What would you do with 60k?

[iffy]

As per title, so long as it's not interest based investment, what would you do with 50 to 60k?

 

[Mark T Jones]

What is your appetite for risk?

How long can you commit cash for?

Do you have particular interests/principles?

Incidentally, most of our spare cash is in premium bonds

 

[iffy]

Maxd out premium bonds. And risk wise I could take a sensible one. “With great risk comes great reward.” I read.

 

[iffy]

Just don't want to invest in anything unethical and interest based investment is a no no.

 

[Mark T Jones]

Maxd out premium bonds. And risk wise I could take a sensible one. “With great risk comes great reward.” I read.

You need to address those questions properly. They are the ones any professional advisor will focus on

 

[fisicx]

Buy a Jag and waste the rest on the horses.

 

[UKSBD]

If you don't mind a bit of risk, invest in Stocks ISA at Trading212 or similar

 

[JEREMY HAWKE]

A big piss up

 

[Mark T Jones]

Maxd out premium bonds. And risk wise I could take a sensible one. “With great risk comes great reward.” I read.

I read 'a fool and his money are easily parted'

Golden rules:

1. Don't risk what you can't afford to lose

2. If you don’t understand it, avoid it.

3. If it looks too good to be true, it usually is too good to be true.

 

[FreddyG]

As per title, so long as it's not interest based investment, what would you do with 50 to 60k?

That is easy for me to answer - I would split the sum into two packages -

1. About 12 gold one-ounce Britanias. Put them to one side and forget them for a few years. If/when you sell them, any nominal profit is tax-free.

2. The rest in junior miners in sensible jurisdictions that have proven deposits of key precious metals that have yet to be exploited. These usually go for pennies, despite the deposits being proven. I am watching one now that has 7 million ounces of PROVEN gold deposits in the ground (making it the fifth largest proven deposit in North America), is fully permitted, roads, rain, and utilities are installed, etc., and is at $0.36 Canadian. I would also look at precious metals royalties companies.

When buying share, particularly in something as risky and speculative as gold and silver miners, ALWAYS loo at who your fellow investors are going to be and when the insider trades are doing. You are looking for big names with proven track records in that field who are risking their own personal wealth.

Do not buy and sell shares via a UK bank or broker.

Also, remember that silver is an industrial metal and vital to the defense industry, as well as for electrics and electronics.

Humanity has totally under-invested in developing new sources of precious metals and without them, we do not have a modern technological society. Every intercontinental ballistic missile needs about 1kg of silver. So if we want to kill one another at scale, we must find new silver deposits!

 

[Porky]

@iffy

If you have any annual tax bill and can accept higher risk then you could invest in a UK business under SEIS - invest £50k and offset 50% £25k against your tax bill. Providing you remain invested for three years any gain would be tax free.

Because this would involve investing in a non listed company there are obvious risks namely an exit plan so you can exit after three years otherwise you could be locked in - Returns can be substantial but equally you could lose the lot.

Investing in a non listed business is Angel investing - i am potentially looking for support for a software business but its not for the faint hearted. Heck of a lot of business need investment at the moment so lots of options.

Take care

 

[ethical PR]

Just don't want to invest in anything unethical and interest based investment is a no no.

Then speak to a financial adviser for advice and invest in ethical bonds

 

[Mark James]

As per title, so long as it's not interest based investment, what would you do with 50 to 60k?

XRP

 

[Lisa Thomas]

I can recommend an IFA - feel free to dm me if you don't find someone on here.

 

[Paul Kelly ICHYB]

interest based investment is a no no

Are there such things as Sharia invesments? There are Sharia mortgages, which are the same principle!

 

[DontAsk]

Are there such things as Sharia invesments?

Yes

 

[Paul Norman]

I am not going to lie.

I would be mostly in Cyprus, in a fancy hotel, apart from the time I was in Spain.

Oh. Business? Right now I am not certain it would make much difference to the business - we are past the investment stage and in the getting some reward stage. If pushed, I would use it on marketing to speed up that.