I've inherited some money, what to do?

[jackrussell101]

Buy 5 artic loads of bale wrap

Would have been a good investment as things have turned out!

 

[Ysgythan]

I've been lucky enough to recieve some money from a deceased relative, around £20k.
I'd like to invest it wisely
I live in a rented house and have an income to live relatively comfortably.
Ultimately I'd like to buy a property to rent out, but £20k wont pay a deposit.
Any good, serious suggestions please?

Premium Bonds.

 

[andybk]

20k would comfortably cover a deposit on a first house, would be 15% on a 130k property, get you a 2 up, 2 down almost anywhere. If not big enough for you to live in, rent would more than cover interest on the mortgage, so rent out and repay capital slow enough to afford it, but quick enough to give you a large enough deposit to buy a house to live in.
Can't understand messing around with investments if you haven't bought a house to live in.

Starting price for a house down here is £200,000 2 up 2 down terrace , and still climbing

Sorry just seen old thread !

 

[Kidds]

Sorry just seen old thread

I would think it had mostly been spent on drugs and women by now and the rest just wasted.

 

[TelesnaAg]

Spend it on fast cars, fast women and booze, don’t waste any leftovers.

Ant…

 

[TripleSix]

@Sherlock
What did you spend it on?

Hookers and blow?

 

[jack6480]

@Sherlock
What did you spend it on?

Hookers and blow?

I hope he didn’t waste it on farm machinery