I've inherited some money, what to do?

[Bald Rick]

Blow it. Have fun. It's only £20k

 

[willy]

Go an around the world trip and learn life skills and meet people who run very good businesses.

 

[Northeastfarmer]

Blow it. Have fun. It's only £20k

You must have some good parties

 

[Frodo]

You must have some good parties

Don't think it would be that hard

 

[Northeastfarmer]

Don't think it would be that hard

What wouldn’t?

 

[franklin]

Spend couple of grand on intensive Spanish lessons. Spend rest on tumble down house in Spain. Move there. Fix it up. Enjoy the sun and cheap beer.

 

[puppet]

£20k sounds a lot but is not if you lost your job. I would keep most in cash if you want to buy a house. It should get you a deposit and a lower rate mortgage. Plenty will promise better returns but your capital is at risk and you might lose 5% in commission as a starter.
I was once advised to invest £1000 in a trust fund and 5 years later it was only worth £200. And of course the adviser still made his money.

 

[Bury the Trash]

I'd be happy to invest it for you in blue scrap metal....

Blow it. Have fun. It's only £20k

I would buy my Mrs a new car.


.......well it definitely wouldnt get spent on the bledy farm

 

[Frodo]

What wouldn’t?

Having enough or even just one lavish parties and blowing it all.

 

[Col555]

Sirius mineral shares [emoji6]

 

[kill]

Be wary of conmen.

And women!!!!! Especially women!!!!

 

[michael N123]

Blow it. Have fun. It's only £20k

Oh yeah I nearly forgot to mention hookers and cocaine

 

[Derrick Hughes]

Buy 5 artic loads of bale wrap

 

[Beowulf]

Blow it. Have fun. It's only £20k

This. Buy yourself a Ducati, or a pickup or whatever floats your boat. Go on the trip of a lifetime. Blow it on booze and women.

Whatever you do don't waste it by investing it in bricks and mortar, there is bugger all return on property in the long term unless you just want a roof over your head. For the love of God (other imaginary friends are available) don't invest anything in buy to let.

Forget asking a financial advisor, any "financial advisor" who is interested in £20k is the sort who got their financial qualifications at a night school class or a course they bought on the internet. A financial advisor worth listening to won't be interested in anyone with less than £500k to invest.

Go out, have fun, enjoy it while it lasts.

 

[Al R]

Give it to me?

 

[chickens and wheat]

too late now but dont invest in alcohol , choose the tonic instead - fever tree shares rose 1,937.65% 5 years

 

[sodbuster]

Bit coin

 

[Bossfarmer]

One of my better investments is a buy to let.

£15k down on a £65k house, plus £6k repairs. Mortgage is just over £200/month and tenant paying £550/month rent. Money back in 3-4 years (minus tax & maintenance) plus a £95k house in 25 years time all paid for.

thought you needed 40% deposit on btl?

 

[ProDrive]

Fast cars & fast women!!......not that 20 grand will go far.

On a serious note, I agree with seeing to world though, there's a big wide world out there, go see it....
We're here for a good time, not a long time!!!

 

[Bossfarmer]

This. Buy yourself a Ducati, or a pickup or whatever floats your boat. Go on the trip of a lifetime. Blow it on booze and women.

Whatever you do don't waste it by investing it in bricks and mortar, there is bugger all return on property in the long term unless you just want a roof over your head. For the love of God (other imaginary friends are available) don't invest anything in buy to let.

Forget asking a financial advisor, any "financial advisor" who is interested in £20k is the sort who got their financial qualifications at a night school class or a course they bought on the internet. A financial advisor worth listening to won't be interested in anyone with less than £500k to invest.

Go out, have fun, enjoy it while it lasts.

don't invest anything in buy to let.?

why not?some people are making decet returns say he put 20k down on a 50k 1 bed flat, interest only mortgage at £100/month on the 30k and a rent of 350pcm thats 250 minus expenses call it £150/mnth profit ater tax, handy income from not much capital expense and the asset is still there to sell/appreciate