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Thread: Recommendations as how to invest £20,000 required

  1. #1

    Recommendations as how to invest £20,000 required

    Nothing too high risk and I don't want to tie it up for more than a few years.
    (A mate spreads some of his money across a number of peer to peers loans, the high returns on some more than cancel out the inevitable poor or non-returns on others. Riskier than some options I suppose).

    It's not my total savings pot but the only part of it I can play with at present.

    Your contribution are appreciated.

  2. #2

    Re: Recommendations as how to invest £20,000 required

    I would look into buying shares in Xiaomi when they are released this summer. They are the fastest growing mobile phone manufacturer in Europe and already have a dominant share in India and China.

  3. #3

    Re: Recommendations as how to invest £20,000 required

    You need to start off by being clear about the risks you are prepared to take and the time you can tie up any investment for.
    For example less than 5 years realistically rules out any sort of balanced equity portfolio or fund and probably leaves you looking at bonds/bond funds or fixed term deposits.

  4. #4

    Re: Recommendations as how to invest £20,000 required

    Quote Originally Posted by Taunton Blue Genie View Post
    Nothing too high risk and I don't want to tie it up for more than a few years.
    (A mate spreads some of his money across a number of peer to peers loans, the high returns on some more than cancel out the inevitable poor or non-returns on others. Riskier than some options I suppose).

    It's not my total savings pot but the only part of it I can play with at present.

    Your contribution are appreciated.
    I ploughed a decent chunk into a stocks and shares ISA with Nutmeg that is currently earning about a 3% profit each month with a middle of the road risk factor. My plan is to leave it for a decade but you could make a tidy profit after just a couple of years.

  5. #5

    Re: Recommendations as how to invest £20,000 required

    I have until recently had a similar sum invested. Split 8k p2p, 5k funds and 5k shares and 2k in interest account (only1.5%)

  6. #6

    Re: Recommendations as how to invest £20,000 required

    Yes use up your ISA allowance , which coincidentally is £20,000.

  7. #7

    Re: Recommendations as how to invest £20,000 required

    £10,000 lotto tickets?

  8. #8

    Re: Recommendations as how to invest £20,000 required

    Put it all on Sir lancelot next time he runs at Wolverhampton over a mile

  9. #9

    Re: Recommendations as how to invest £20,000 required

    Quote Originally Posted by Taunton Blue Genie View Post
    Nothing too high risk and I don't want to tie it up for more than a few years.
    (A mate spreads some of his money across a number of peer to peers loans, the high returns on some more than cancel out the inevitable poor or non-returns on others. Riskier than some options I suppose).

    It's not my total savings pot but the only part of it I can play with at present.

    Your contribution are appreciated.
    Mortgage/credit card/loans/debts all paid off? If so, i'd go for a 4 way split: ISA cash, ISA shares (look for companies that will benefit from Brexit...maybe FTSE 250 listed), Premium Bonds (safe and always interesting at the start of the month when prizes are announced) plus P2P to spread risk.

  10. #10

    Re: Recommendations as how to invest £20,000 required

    Quote Originally Posted by IanD View Post
    Mortgage/credit card/loans/debts all paid off? If so, i'd go for a 4 way split: ISA cash, ISA shares (look for companies that will benefit from Brexit...maybe FTSE 250 listed), Premium Bonds (safe and always interesting at the start of the month when prizes are announced) plus P2P to spread risk.
    Yup. No debts. I'm no expert re: buying shares though.

  11. #11

    Re: Recommendations as how to invest £20,000 required

    Invest in preserving wealth and a financial insurance policy in one blow by purchasing physical gold bullion. Britannia and sovereign coins are CGT free.

  12. #12

    Re: Recommendations as how to invest £20,000 required

    Quote Originally Posted by Organ Morgan. View Post
    Invest in preserving wealth and a financial insurance policy in one blow by purchasing physical gold bullion. Britannia and sovereign coins are CGT free.
    That's a bit niche for me as I wouldn't know where to start - and isn't there a cost attached in storing it? Forgive my ignorance.

  13. #13
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    Re: Recommendations as how to invest £20,000 required

    All on Harry Kane as top scorer in the World Cup. What could go wrong!

  14. #14

    Re: Recommendations as how to invest £20,000 required

    Why not buy some tools and make something instead of profiting off of others? It would be very rewarding if you could turn a hobby or interest into a small business venture.

    Failing that, just stash it in a secret off-shore bank account or in some other illicit venture. If you can't beat 'em, join 'em

  15. #15

    Re: Recommendations as how to invest £20,000 required

    Quote Originally Posted by Wales-Bales View Post
    Why not buy some tools and make something instead of profiting off of others? It would be very rewarding if you could turn a hobby or interest into a small business venture.

    Failing that, just stash it in a secret off-shore bank account or in some other illicit venture. If you can't beat 'em, join 'em
    A small business is all about profiting off others, of course And I am still gainfully employed, by the way.

  16. #16

    Re: Recommendations as how to invest £20,000 required

    Quote Originally Posted by Taunton Blue Genie View Post
    A small business is all about profiting off others, of course And I am still gainfully employed, by the way.
    Providing a product or service for profit is a moral activity, whereas lending money with interest is usury

  17. #17

    Re: Recommendations as how to invest £20,000 required

    Quote Originally Posted by Wales-Bales View Post
    Proving a product or service for profit is a moral activity, whereas lending money with interest is usury
    Usury is a Japanese way of saying usually, isn't it?

  18. #18

    Re: Recommendations as how to invest £20,000 required

    Quote Originally Posted by Taunton Blue Genie View Post
    Yup. No debts. I'm no expert re: buying shares though.
    Maybe best to go for a FTSE 250 tracker that spreads risk across companies and wrap it in an ISA to avoid tax.

    A possible starting point:

    http://www.hl.co.uk/shares

  19. #19

    Re: Recommendations as how to invest £20,000 required

    Thanks for all your replies hitherto. I have made several poor investments in the past as a result of so-called 'professional advice' and am happy to take my chances from an alternative source

  20. #20

    Re: Recommendations as how to invest £20,000 required

    There are plenty of dodgy non regulated schemes out there, usually which lose you all or most of your money. So try and ensure invest in something which is protected.

  21. #21

    Re: Recommendations as how to invest £20,000 required

    Quote Originally Posted by Taunton Blue Genie View Post
    A small business is all about profiting off others, of course And I am still gainfully employed, by the way.
    If you are still working it might be better to find out if you can pay into a pension which is tax efficient with a view to building up a pot, not for an annuity but to aim for income drawdown and retire early. Needs planning to avoid paying tax on income drawdown. Too big a pot taken too quickly and you are liable for 20 or 40% tax.

  22. #22

    Re: Recommendations as how to invest £20,000 required

    Quote Originally Posted by IanD View Post
    If you are still working it might be better to find out if you can pay into a pension which is tax efficient with a view to building up a pot, not for an annuity but to aim for income drawdown and retire early. Needs planning to avoid paying tax on income drawdown. Too big a pot taken too quickly and you are liable for 20 or 40% tax.
    I have that plan with another pot of money, sir I went part-time a year ago without affecting my income and it's a great balance: I should be able to tolerate working for at least another year to 18 months (and possibly longer) whilst still increasing my savings. Trying to avoid taking OUT of that pot along the way - so annuity for future use may be preferable to drawdown but I am a complete amateur regarding such things.

  23. #23

    Re: Recommendations as how to invest £20,000 required

    united bank UK for 5 years at 2.65% its not massive, but has fscs protection so its safe

    I know its a little dull, but its safe

  24. #24

    Re: Recommendations as how to invest £20,000 required

    Quote Originally Posted by Taunton Blue Genie View Post
    I have that plan with another pot of money, sir I went part-time a year ago without affecting my income and it's a great balance: I should be able to tolerate working for at least another year to 18 months (and possibly longer) whilst still increasing my savings. Trying to avoid taking OUT of that pot along the way - so annuity for future use may be preferable to drawdown but I am a complete amateur regarding such things.
    Annuities are a minefield and worth reading up on. Typically you hand over £100k and you get an income of 3k ish. But, all sorts of factors come into play such as whether you smoke, whether you want a fixed income, income with an annual increase, joint income, fixed income period and so on. Plus you get taxed on that income so take off 20/40% as any pension/other income will be taken into account for tax purposes. If you can build up savings via ISAs etc then income drawdown might be a suitable option, taking out the sum equivalent to whatever the prevailing tax threshold is, not working and enjoying life until a company and/or state pension kick in (and downsize to avoid inheritance tax). A quick bit of Maths shows you have to live quite a while to benefit fully from an annuity, too.

  25. #25

    Re: Recommendations as how to invest £20,000 required

    I’m looking at doing the same for a short term strategy

    I was hoping to renovate houses but it seems that houses are startling to get peaky again

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