40k, options

[thegingerone]

If it were you and had 40k liquid to put away for 2-3 years then realise the profit, if any. Not risk averse at all excepting Prince Ngobo Mbongo III, looking at ETF and the like, already have a few large in BTC, etc. Any input/suggestion appreciated as ever,

stay cool...

[fat80b]

thegingerone said:

If it were you and had 40k liquid to put away for 2-3 years then realise the profit, if any. Not risk averse at all excepting Prince Ngobo Mbongo III, looking at ETF and the like, already have a few large in BTC, etc. Any input/suggestion appreciated as ever,

stay cool...

these threads always go the same way - you haven't yet provided enough information so can expect answers ranging from premium bonds (no risk) to "buy an aston martin" and everything in between.

1) have you got 6 months of expenses in a relatively easy access cash based account / product
2) do you already max out your ISA contribs
3) what age / pension provision do you have etc
4) what debts to do you have

assuming you have dealt with the above, then what is your attitude to risk? and what sort of profit do you expect?

[thegingerone]

Yeah, was a bit vague. The missus just retired and this is what she plans to "invest", already have isa's but not maxxed. Have a few quid personally and in business so fairly comfy. We're both 55 (she stopped early), my pension's adequate for sure but this is sitting in her personal account, worry is she'll jump onto Kuoni.com and poof, gone! Happy to go mid to high risk, awful to say but can afford to lose it.

[HustleRussell]

How much ISA allowance do you have left for the tax year?

For me, max out a stocks and shares ISA... it's the remainder which is less obvious.

[fat80b]

thegingerone said:

Yeah, was a bit vague. The missus just retired and this is what she plans to "invest", already have isa's but not maxxed. Have a few quid personally and in business so fairly comfy. We're both 55 (she stopped early), my pension's adequate for sure but this is sitting in her personal account, worry is she'll jump onto Kuoni.com and poof, gone! Happy to go mid to high risk, awful to say but can afford to lose it.

Just retired - what is this year's income level going to be?

Because the best investment may actually be to put up to 100% of this years income into a pension (yours or the mrs) - get all of the tax back on the contributions which you can then very shortly draw down tax free.

[Mr_Megalomaniac]

Given the current climate, I'd put £40k into stocks with strong fundamentals, lower P/E multiples, and decent dividend yields (8%+).

[Armitage.Shanks]

I'd take the holiday option. She's earned it, your'e comfortable enough to take the risk and I expect you are also looking at some sort of retirement plan so with more years behind than ahead I'd take advantage of the opportunities available now.

I retired at 53 and have never looked back. Like most (all) on here we'll all die with money in the bank/investments we never spent thinking about the 'rainy day'.

[bitchstewie]

Where's the 2-3 years come from?

Pretty sure if you sat down with any sort of financial planner and mentioned that as your timescale they'd be saying you should look at savings products rather than investments.

You said "profit, if any" but that sort of timescale could easily be a loss with an investment.

[keith333]

2-3 year gilts are yielding around 4.9%. Risk free. They might be cheaper on Thursday if B of England raises rates again.

[Dylano]

With 5.5% currently available surely just boring old savings accounts are as good an option as any?

[HustleRussell]

Dylano said:

With 5.5% currently available surely just boring old savings accounts are as good an option as any?

You’ll be paying tax on any returns over personal allowance

[Gigamoons]

You sound financially comfortable - in your position I'd have a bit of fun as an angel investor / look into crowdfunding for new ventures.