£1m in cash

[R11ysf]

Say you've got £1m in cash what would you do with it.

Currently it is being eaten away at about 3-5% a year with inflation. Inflation linked bonds are ok but are a 3 or 5 year term. Housing is the usual answer with a rental yield but if a double dip is around the corner then there is a strong chance that could dip 10% or more. Stocks are getting hammered, emerging markets seem to be imploding. That only really leaves commodities which seem to be a reflection of stock indexes (oil $86 today) and then gold which is at all time highs.

What would you do?

[ringram]

Diversify

High Yield Blue Chips?
AAA Corp Bonds...?
Index Gilts are probably the safest, though inflation is probably not much of an issue for now.

[marky1]

Probably feel most comfortable scaling into Blue chips and making sure I hold the share certs.

[louiebaby]

Pay off the mortgage, buy the home in the country we've always wanted, buy a Morgan and dump the rest in my pension. Essentially, I would have reduced my daily, weekly and monthly outgoings to the normal food, fuel and so on.

I'm 31. I couldn't retire off £1 million, but it would make retiring at 50 a st-load easier. Now everything I earned could be used to build up my own business, rather than paying mortgages and so on.

The Morgan would be because I want one. It's not an investment in itself, but fuggit!