where to put 80k?

[anonymous-user]

bitcoin

[soad]

The Spruce goose said:

bitcoin

Why? Can be hacked and lose the lot.

[h0b0]

menguin said:

walm said:

That's probably because you don't know anything about FCA/SEC regulation combined with in-house personal account trading rules.
(Not that you should - it's terribly boring!)

If his wife worked for an investment fund that had also invested in the stock in question, he could be accused of front-running the fund. His wife has a fiduciary duty to maximise her investors' returns and having the husband get a sell order in first is the exact opposite of that!!

Most likely the company just has hugely restrictive PA trading rules in order to appear whiter-than-white while adhering to all the various rules from multiple regulators.

Generally it ends up easier just to stick everything in an ETF and forget about it rather than trade individual stocks if you still want equity exposure, IMHO.

Indeed - I am completely ignorant about that particular field of regulation - my day job involves enough in my sector to put me to sleep

Thanks for explaining though, makes sense.

Not to de-rail the thread too much but the explanation is correct. The restrictions put in place are crazy and even impact my investments that my wife has not touched because there is an assumption that she could find out information internally that would impact my investment decisions. I was asked to not accept the restricted stock portion of my package because it would violate their policy. They ended up putting in an exception to allow me to receive them.

[JoeMarano]

Ari said:

So where are you living now, in a tent? The back of an old Transit?

Armed forces married quarters

[Ari]

Then I understand why it's a tricky decision whether or not to buy property. It's toss of a coin stuff what happens next - we're well into an unprecedented government property value meddling territory, no one can predict what happens next...

[markcoznottz]

Ari said:

Then I understand why it's a tricky decision whether or not to buy property. It's toss of a coin stuff what happens next - we're well into an unprecedented government property value meddling territory, no one can predict what happens next...

No chance. It's 100% guaranteed, or as good as, that house prices will keep rising. Regardless of the current sideshow, modern business and government both need unlimited immigration to keep inflating gdp. It's the only game in town. It's a monster. The fact that the government never sought out opinion on unlimited immigration is why we have them flapping now, but even so, nothung will change.

[JoeMarano]

Pretty soon there will be no land left to build on...oh wait. That's good news. But mostly bad news.

[55palfers]

I have some beans that (allegedly) have some magical properties. They retail at around £80K

PM me.

[WCZ]

the problem with buying a house outright is prices rise as you're saving!

if I was you i'd either buy somewhere nice that really stretches your budget and live in it

or perhaps save up a little more and attempt to buy 2 properties of lesser quality, renting one out.

[Ari]

markcoznottz said:

No chance. It's 100% guaranteed, or as good as, that house prices will keep rising. Regardless of the current sideshow, modern business and government both need unlimited immigration to keep inflating gdp. It's the only game in town. It's a monster. The fact that the government never sought out opinion on unlimited immigration is why we have them flapping now, but even so, nothung will change.

I remember exactly the same being said in the late eighties mega property boom.

Well, I say mega, this one has been far bigger of course...

Still, as you say, the government has the ultimate magical power to fix it when it breaks, they'll just drop interest rates a percent or two again.

Oh, wait...

[thepeoplespal]

If you do have a mortgage of any sort, I'd suggest that a bank account mortgage might be suitable, gives you access to the £80k at any time for that big purchase needing fast reactions, but also means you aren't paying interest on the amount in the bank.

[cymtriks]

Shares and unit trusts.

I've averaged just over 6% over the last four years.

As long as it beats savings accounts and is easier than being a landlord I'll keep going.

Steady and a bit dull but you make money even just sitting on the sofa.

[Adam B]

Ari said:

I remember exactly the same being said in the late eighties mega property boom.

Well, I say mega, this one has been far bigger of course...

Still, as you say, the government has the ultimate magical power to fix it when it breaks, they'll just drop interest rates a percent or two again.

Oh, wait...

Agree with you general gist, unbelievable that people have such short memories, property prices will boom and crash like they have always done albeit on an average upward curve

Monetary policy is limited but fiscal is less so - abolish stamp duty, bring back BTL incentives, MITR etc, if there was a crash and government wanted to support the housing market (not that I think they should interfere )

Edited by Adam B on Thursday 30th June 09:10

[Behemoth]

soad said:

The Spruce goose said:

bitcoin

Why? Can be hacked and lose the lot.

What it is exactly that can be hacked? On what do you base this knowledge? I suspect you don't really know what you're talking about. I'd certainly agree with those that advise never investing in something you don't understand

[boombastictiger]

Keep it in your bank account, invest maybe a couple of grand into short courses where you learn the basics of the stock market and accounting. Read books on wealthy people who made it and their joirney and mentality and then use the £80,000 to make £80million through aquiring assets. Retire young (if you are not already)

[rjm8282]

I've been looking at a bank loan for 25k,you could loan me the money instead at 7.7 % over 5yrs. You make a good return and I get a slightly better rate than I've been offered...just floating the idea out there.

[anonymous-user]

gold might be a good bet.

[JoeMarano]

Haha funny thing is we haven't had time to even do any of the suggestions so far so if I'm lucky I might have earn 1p since the thread started!

[33q]

droopsnoot said:

This web site gives you an idea of what you can get from it in various current accounts. There's also regular savings accounts that can help soak up a few extra thousand: https://www.bankaccountsavings.co.uk/calculator

According to that you can use up £48k and get 3.1% AER on it, probably a bit more if you can be bothered opening more accounts.

£2 per month can get expensive if you have a few. Any cheaper sites?

[Audemars]

You took the money out of property but dont own your own house. Put the money back into property. Your £80k will be worth much less in relative terms the longer it sits on the sidelines.