1st world problem #PH - what to do with 100k
Discussion
Have a private CT Coronary Angiogram (CTCA) done?
Buy something not denominated in £'s Gold or silver maybe (it's a bit fruitloop for some, but check what it's done in the time you've had the maxxed premium bonds)
Special group family holiday if you all get on and if everyone would enjoy that sort of thing.
Ask your wife if she'd like a treat of some sort.
Consider someone who may have helped you at some point and who you are grateful to, without which your life could have taken a different path and get them something.
A bit hippy vibe tonight, not sure what's up with me, but you sound very financially secure hence my somewhat odd ideas
Buy something not denominated in £'s Gold or silver maybe (it's a bit fruitloop for some, but check what it's done in the time you've had the maxxed premium bonds)
Special group family holiday if you all get on and if everyone would enjoy that sort of thing.
Ask your wife if she'd like a treat of some sort.
Consider someone who may have helped you at some point and who you are grateful to, without which your life could have taken a different path and get them something.
A bit hippy vibe tonight, not sure what's up with me, but you sound very financially secure hence my somewhat odd ideas
Scootersp said:
Have a private CT Coronary Angiogram (CTCA) done?
Buy something not denominated in £'s Gold or silver maybe (it's a bit fruitloop for some, but check what it's done in the time you've had the maxxed premium bonds)
Special group family holiday if you all get on and if everyone would enjoy that sort of thing.
Ask your wife if she'd like a treat of some sort.
Consider someone who may have helped you at some point and who you are grateful to, without which your life could have taken a different path and get them something.
A bit hippy vibe tonight, not sure what's up with me, but you sound very financially secure hence my somewhat odd ideas
I have never understood buying physical metal, ignoring that most don’t have anywhere to keep it that is secure, it is completely pointless, you can better value for money just buying the damn ETF for gold. Buy something not denominated in £'s Gold or silver maybe (it's a bit fruitloop for some, but check what it's done in the time you've had the maxxed premium bonds)
Special group family holiday if you all get on and if everyone would enjoy that sort of thing.
Ask your wife if she'd like a treat of some sort.
Consider someone who may have helped you at some point and who you are grateful to, without which your life could have taken a different path and get them something.
A bit hippy vibe tonight, not sure what's up with me, but you sound very financially secure hence my somewhat odd ideas
Scootersp said:
Have a private CT Coronary Angiogram (CTCA) done?
Buy something not denominated in £'s Gold or silver maybe (it's a bit fruitloop for some, but check what it's done in the time you've had the maxxed premium bonds)
Special group family holiday if you all get on and if everyone would enjoy that sort of thing.
Ask your wife if she'd like a treat of some sort.
Consider someone who may have helped you at some point and who you are grateful to, without which your life could have taken a different path and get them something.
A bit hippy vibe tonight, not sure what's up with me, but you sound very financially secure hence my somewhat odd ideas
Best post on PH of 2025. Lifting to read. I particularly like the first and last suggestions. Buy something not denominated in £'s Gold or silver maybe (it's a bit fruitloop for some, but check what it's done in the time you've had the maxxed premium bonds)
Special group family holiday if you all get on and if everyone would enjoy that sort of thing.
Ask your wife if she'd like a treat of some sort.
Consider someone who may have helped you at some point and who you are grateful to, without which your life could have taken a different path and get them something.
A bit hippy vibe tonight, not sure what's up with me, but you sound very financially secure hence my somewhat odd ideas
Sheepshanks said:
Do people really do this with windfalls? I have this dilemma - but nowhere to keep it and nowhere to routinely take it, unless just out for a pointless drive on potholed roads. A neighbour has a Porsche - takes it to owners meetings now and again.
My mate has a Porsche and drives all over Europe in it, just presently driving to the Pyrenees, not long back from Como. We toured France in it too. The biggest problem I think is imagination!
Anyway, Stewie point is the one to answer first
Edited by okgo on Saturday 23 August 08:58
If it's just knocking about and you have no use for it then treat yourself to something you would never normally do, whether that's a car, or an upgrade to business on a flight to somewhere you'd never think of going.
Gifts to the kids, they'll get it at some point, right? So give them something now while they need it more if you won't miss it.
If someone gave me £100k and I was retired, and said I need to spend it or lose it then I'd be putting my kids name on some of it and pissing off to a tropical island for a while.
Gifts to the kids, they'll get it at some point, right? So give them something now while they need it more if you won't miss it.
If someone gave me £100k and I was retired, and said I need to spend it or lose it then I'd be putting my kids name on some of it and pissing off to a tropical island for a while.
Being boring and taking into account you have no mortgage and maxed out ISA I’d gift at least some of it to your kids as part of your estate planning.
IHT will be a kicker and if you don’t actually think you’ll ever need it, gifting it now so your kids can reduce mortgages, invest in their own kids etc, would be my choice.
Plus a sports car obvs
IHT will be a kicker and if you don’t actually think you’ll ever need it, gifting it now so your kids can reduce mortgages, invest in their own kids etc, would be my choice.
Plus a sports car obvs
As above, give it to the kid(s). It'll end up being added to potential IHT otherwise.
I think it's excess windfalls that's the issue rather than just an amount when you're just getting by. It'd be crazy for someone on NMW living payday to payday to blow it on a GT3 but if life's good (like the OPer) and you suddenly have an extra £100k, then why not. It'd make popping to Tesco/Waitrose/Aldi more interesting. (Am assuming a 997 GT3 has a boot as that's what £100k gets you. ) Mind you, I feel like a GT3 might be a bit uncomfortable compared to a Turbo for a retiree so...
Sheepshanks said:
Edible Roadkill said:
911 GT3
Do people really do this with windfalls? I have this dilemma - but nowhere to keep it and nowhere to routinely take it, unless just out for a pointless drive on potholed roads. A neighbour has a Porsche - takes it to owners meetings now and again. ) Mind you, I feel like a GT3 might be a bit uncomfortable compared to a Turbo for a retiree so...£100k sounds like a lot of money. but really it's not, it wouldn't even buy a beach hut in some upmarket seaside towns,
My advice is whatever you do with it, don't waste it on silly frivolities, you might be glad of it in later life/retirement.
However, if you do want to blow it, a new Morgan would be a lot of fun, with minimal depreciation.
My advice is whatever you do with it, don't waste it on silly frivolities, you might be glad of it in later life/retirement.
However, if you do want to blow it, a new Morgan would be a lot of fun, with minimal depreciation.
numtumfutunch said:
So what do do with the lump sum?...
Somewhere like Hargeraves Lansdown is an obvious place to dump cash with transparent fees however do I go for growth or income? If so what funds or wrappers?
First, where are you on the risk vs return scale? To date you seem like a low-risk sort of chap, but do you want to play harder with this chunk?Somewhere like Hargeraves Lansdown is an obvious place to dump cash with transparent fees however do I go for growth or income? If so what funds or wrappers?
As you've used up this year's ISA allowance (presume cash ISA) you'd be looking at a GIA (general investment account) now, and you could open a S&S ISA next April.
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