100k what would you do?

Thanks though guys.

I mean the exact figure is not actually 100k obviously, its nearer 120, but I don't need material goods, I have amassed TV's, got a decent watch, clothes all that stuff. So really the only purchase I make will be a car initially. I'm thinking bargain huge engined 5'er. But this thread has a lot of interesting ideas.

Currently the going rate for a small house in Detroit is around $600.

So, you could buy yourself a housing estate in America with around 250 houses, and declare yourself king!

Registration plates or property.

I would be jotting down what the investment advice is on here and do the exact opposite. For example, compare the number of people that have recommended BTL vs. the number that have recommended the stock market.

What ever you choose to do, make the money work for you, not you work for the money....

That way you can have the luxuries and benefits of the money but none of the pain to go with it. Many ways to achieve the same thing, but its a gift, and advantage, a windfall - make the best of it. Its something that most of us will never get, make sure you get something that you can benefit out of it.

Oh, and interest in a bank / savings account is crud at the moment - with the ending of the tax year, ISAs are the way forward.

That 100K could set you up for life, IF, you invest it properly.

Sure, have some mad money, a good holiday, get yourself a dependable and serviceable set of wheels.

Use 10-15K to clear any existing debts and help fund your university life, you have a couple of weeks to qualify for an ISA which is a reasonable rate of return and removes temptation to touch some of it for 12 months.

You will also end up debt-free and with a big head start with your peers.

First of all, do not rush your decision, short-term investment is an incredibly volatile business, leaving it in cash wouldn't hurt at least while things shake themselves down.

Then spread your 100K around, a variety of funds, some short-term (e.g. useful for a house deposit) and also long term (for growth). Really no offence, if I was 21 and came into 100K, I would have got into trouble with it.

To give you an example, if you invested £10,000 in the Fidelity Special Situations Fund in 1980 it would be worth over £1m now. You'd be 50 and you would be comfortable for the rest of your life.

So have a look around, opt for a mix of Global, National and European funds (definitely Swiss NOT EU) and I would look at an Dollar bond fund (Corporate Debt) for a lowish risk, good return.

Might be worth paying for the services of a good (word of mouth recommended) IFA.

I'd love to buy where I am now (moved to St Andrews Sq) but the cost is too much.

I would look at student letting, buy a couple of £150k houses with £50k deposit. £1k a month income per house [based on Sheffield student property market]. You could end up with a good few hundred quid a month out of it after your little contingency fund and a bit of insurance. Long term your equity will grow and grow. In 5 years repeat the process, buy another 2 etc etc.

It is a fantastic position to be in, don't waste it!!!

Or you could look at it positively: you'll still own the assets, you can claim back all the repairs costs against tax and you'll still be receiving an income from them.