£80K to invest.

[TypeR]

There seem to be some financially savvy folk here on PH, so I'm going to open myself upto a bit of pisstaking with a lame question.
I've just sold my house and am going to move into rented accomatadion for a few years. I'll have £80,000 equity to put away somewhere safe.
What's the best thing to do with it? I've never had a decent sum of money before and am a complete ignoramus regarding ISA's and the like.
I know I should speak to a pro, but hey, PH knows everything.

[elster]

Do you want me to send you my bank account details and you transfer it across.

I will post pictures of how I have "invested" it

[skinner05]

Go on a 5 year tour of the world

[croyde]

Dog Day Afternoon at the Nine O'Clock, Wimbledon.

Edited by croyde on Monday 5th January 19:31

[cjs]

How much risk are you willing to take?

[gtr-gaz]

You'll need that 80K for rent!

[Scrotum]

New M5.

Great return on your investment in 12 months

[T5R+]

Capital And Sustained Hospitality is a great investment vehicle.

Will send my details in due course - please prepare cheque with abbreviation.

Be in touch soon.

[audidoody]

£80,000 ain't a lot anymore. Stick it in a one-year fixed bond so you cant get your hands on it!

[posterboy]

audidoody said:

£80,000 ain't a lot anymore. Stick it in a one-year fixed bond so you cant get your hands on it!

Roughly how much in returns?

[pokethepope]

posterboy said:

audidoody said:

£80,000 ain't a lot anymore. Stick it in a one-year fixed bond so you cant get your hands on it!

Roughly how much in returns?

Put it into moneysupermarket.com. Can do it and compare with all the different types of savings accounts.

Quick search gives 5% from 1 year bond (investing full 80k) with Anglo Irish. Im guessing you have to take acount of tax though.

[BlueCello]

You want a classic Ferrari/Maserati/Aston Martin/Jaguar. Yes, you do.

[Neil_H]

Three year old Lamborghini Gallardo.

HTH.

[Jespin]

Yeah in the current climate, if you're looking at a 5-year timescale max, you would be best off finding the best available deposit account. There will be some fantastic investment returns available over the next few years but when they will start is anybody's guess. In any case, you would have to be prepared to take on a degree of risk to achieve this.

[Olf]

Put the lot on Barclays shares.

Closed 161 today.


Added this so I can come back to you in 3 years time and ask you what 160k smells like.

Edited by Olf on Monday 5th January 21:09

[Darkslider]

Go to a Vegas roulette table and put the lot on Black.

[Gun]

Isn't buying gold supposed to be a good investment at the moment, don't know where you'd go to invest though.

[edwardsje]

That nice Mr Buffett has been going back into the equity market recently

[Fittster]

edwardsje said:

That nice Mr Buffett has been going back into the equity market recently

And he took a kicking like everyone else last year. He's not 100% fool proof.

[johnfm]

Yes, but what has he been buying? More of his own stock I expect, as any drop in berkshire hathaway will be based on market sentiment, not financialfigures. He'll buy back into his own company at a discount.

edwardsje said:

That nice Mr Buffett has been going back into the equity market recently