£280,000,what would you do

[opm]

Ok folks, at moment circa £280,000 invested via bestinvest in one of their multi asset managed funds, obviously as i am in this i am prepared to take some risks with money.
Now how to make more money with same sort of risk.

Do i, buy another house to rent? terraced houses where i live cost around £100k to £120k for example
Take out money from bestinvest and reinvest it all in vanguard lifestrategy 60 or 80% funds and save about £5000 a year in commision costs? And looking at last 3 years performance (all i can check as fund changed) have better performance.

Quick bit about me...46, no debts, own house, no mortgage, no children etc etc live a simple life etc etc, but wish to retire early.

So ideas please.

Edited by opm on Sunday 21st May 22:28

Edited by opm on Sunday 21st May 22:32

[Armitage.Shanks]

What's your pension arrangements?

What's you overall strategy in relation to retiring early? How much do you want per annum in early retirement?

If you're going into the BTL game what's your funding plan - outright and then mortgage release to buy others?

I've a few chums who are obsessed with making more and more money but don't seem to spend it and will all die leaving loads to others. Not my plan

[opm]

Pension, guessing a bit but approx 100k in pensions.

To retire early say 15k a year

And yes i have every faith i will die still having a large lump sum and the state or dogs home will benefit, but hey ho i ill be dead so non the wiser!

[Armitage.Shanks]

opm said:

To retire early say 15k a year

I'm presuming you want this amount on top of what your pension will pay if you can draw on it when you retire early? If not you're living a modest lifestyle on £15kpa and don't really need to do anything just drawdown on your investments.

I'm working on a pension of c£30kpa with a 'reserve' to drawdown any extra on a 30yr plan which, if I make it, takes me to 80+. I've chosen to exclude the value in my main property given we're living in it and whilst I could downsize in a few years to release funds don't want any neighbours sharing a party wall. I decided to work on a figure of £1m with 75% in ready accessible funds. Why I chose that figure I've no idea other than it being a round number and suspect actually don't need that much, but if I add up the wife's handbag collection and the projected cash out of my pension I'm not far off.

I've not ruled out a part time job or BTL but the latter has the potential to create a PITA I don't really need.