Please d ont just say with me....lol
2006-07-05 05:08:48 · 21 answers · asked by Phineas 3 in Business & Finance ➔ Investing
with that kind of money you should hire an INVESTOR at a brokerage service.
2006-07-05 05:11:36 · answer #1 · answered by Anonymous · 2⤊ 0⤋
Since you said "pounds" and not "dollars" some of this may be wrong for you.
1) I agree with the others above - find a professional to advise you. S/he will find out details about you, your family, your goals and needs that are simply not appropriate for this forum. These details are important to your investment decisions.
2) When searching for an advisor, ask your friends, co-workers, bosses, family. But keep in mind, everyone has different prejudices, goals, needs. So you should simply build a list of candidates - don't make the final choice based on another's recommendation.
3) Meet with your candidates. Explain your situation, answer all of their questions. Ask how they would approach this, their philosophies, and what some high-level recommendations would be. Don't ask for specifics yet. Also ask for references. Call the references, ask if they're happy, are the returns acceptable, etc.
4) Have realistic expectations: don't expect to beat the market over time. You might get lucky, you might not. View your financial advisor as someone who protects your wealth, and can only gradually increase it. If you want to increase it more rapidly, that's why people have good jobs, small businesses, etc.
Congratulations, hope you're recovering well from your accident, and good luck!
Scott
2006-07-05 05:19:32 · answer #2 · answered by scott.braden 6 · 0⤊ 0⤋
I suggest that you go to your local bank manager and request advice on how to invest and what are the safest ways to increase the money rather than spend it.
Also, decide before you receive the money, how much you wish to keep liquid (Available spending money) otherwise you will find yourself dipping into it regularly until there is none left.
Property has long been considered a good investment, though there are many that say that the UK property market is long overdue for a severe crash. Ultimately any form of investment is a risk, just make sure that any risk you take is well researched!
2006-07-05 05:13:31 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Im not a financial advisor but I did have a windfall once which was near that amount but I did this:
1: I put £200k into a long term pension with Guaranteed income.
2: I bought a decent price but not off the scale property for me and a member of my family who was unemployed. I live in mine and get rental (paid by dss) off my sister.
3 I put £3000 into a Maxnet account (2 years ago) and it is now worth over £50k (www.maxnetreturns.com) if you call the office my contact there is also called Ian, tell him Ian from NBTS told you to call. I gave them more money later for horse racing £5k which in 16 months has produced an income of over £8k and I still have my £5k in thier betting bank.
4 DONT go stupid. Live your life as you always did
2006-07-07 07:43:54 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Look into the property market in Easter Europe - Romania, Hunagry, Bulgaria. In the long run, property will out-perform the money market. If you want short term gains, invest in stocks and bonds.
Here's a tip: If you really get that amount of money, seek professional financial advice.
2006-07-05 05:29:11 · answer #5 · answered by still_stuckintheuk 2 · 0⤊ 0⤋
well, you might seek a certified financial planner. I would recommend gold stocks or oil stocks with a good track record for the short term. Investigate these thoroughly for stability and profitability before you invest. Check thieir annual report, press releases and SEC filings before you invest. Right now, Gold and Oil stocks are really going up because we have a relatively fixed supply of oil, but China India and Brazil are having their equivalent of the industrial revolution and need oil really badly. Plus with Iran threatening the entire world with nuclear weapons this threatens to cut off the west from oil supplies. That's what's pushing the price of gasoline up. Gasoline comes from crude oil.
2006-07-05 05:20:55 · answer #6 · answered by stick man 6 · 0⤊ 0⤋
Spread your investments. First I would look at property in Bulgaria and Croatia. Invest in US Dollars ( theres money to be made there) Buy as much Vanilla stock as possible, so much was lost in the Tsunami this has become a very valuable commodity.
2006-07-06 04:55:04 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Is it 1 million or 750,000? Whichever it is, if you are receiving this money through a law firm, most have "placers" someone to help you invest and place your money securely. GOOD LUCK!
P.S. Charity won't hurt, either!
2006-07-05 05:24:23 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Invest in notes or tax liens like I did. I didn't know anything about it 2 years ago. I went to a company based in CA www.hbinv.com I am making 11% a year. The best thay guaranteed it to me, and they really are paying
2006-07-05 09:13:00 · answer #9 · answered by bhaguel 1 · 0⤊ 0⤋
RE:
I was in an accident - and am about to receive 750,000 pounds compensation - How should I invest this ?
Please d ont just say with me....lol
2015-08-05 17:51:57 · answer #10 · answered by Kasandra 1 · 0⤊ 0⤋
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2015-02-15 08:55:32 · answer #11 · answered by Anonymous · 0⤊ 0⤋