Should i invest all of it or keep some in savings acconts?
Need some financial advice.
2006-12-19 08:34:49 · 38 answers · asked by World Traveler 1 in Business & Finance ➔ Personal Finance
100 000 British pounds = $195150 U.S. dollars.
Put it down on a house, and sell the house in 7 years. That's how I started out, and now I own 26 houses, 2 apratment bulidings, and work 30 hours a week...
2006-12-19 08:43:52 · answer #1 · answered by Big Mack 4 · 1⤊ 0⤋
I would suggest keeping some in a savings account unless you can invest it somewhere you are guaranteed to get all your money back whatever happens. You dont want to risk losing it. You could always give some to me and i will keep it safe for you! lol!
2006-12-19 08:39:06 · answer #2 · answered by Anonymous · 0⤊ 0⤋
It's simple asset allocation.
Decide how you want to divide your money.
The recommended is 90% low-risk (savings) and 10% high-risk (stocks)
Or if you're younger, then 80% low-risk, 20% high
Or if you're younger, then 70% low-risk, 30% high
I wouldn't recommend 60%/40%, UNLESS you're really really young.
Now...you don't EVER touch your savings.
But with the profits that you make from your high-risk investment, you put HALF on your low risk accounts, and HALF for you to enjoy.
If you want to buy a car, for example, make sure your high-risk investment gives you enough money to buy that car twice. Because you have to remember that your profits from your high-risk investments have to be divided evenly into your own delights, and into your more secured investments..
This is called asset allocation.
2006-12-19 09:38:33 · answer #3 · answered by Mario E 5 · 1⤊ 0⤋
Invest some
2006-12-19 08:38:18 · answer #4 · answered by Anonymous · 0⤊ 0⤋
How about investing in property - possibly a place abroad which you could rent out to travellers? I know there are some great investment opportunities in the Czech Republic at the moment, because the law is about to change for landlords and landladies, which will enable them to sell their properties more easily.
Good luck.
2006-12-19 08:45:00 · answer #5 · answered by demnity 3 · 0⤊ 0⤋
Are you sure it's not £10,000? No one really gets given that much, do they? If you really have indeed inherited £100,000, buy a house, or go on holiday, then save the rest for your future.
2006-12-19 08:46:06 · answer #6 · answered by Anonymous · 0⤊ 0⤋
well i dont know how much 100k pounds is in american money, but i would DEFINITELY save a lot of it. at least a third of it. you never know what you might need the money for later on down the road. it also depends on what you are going to invest it in--hopefully something useful lol--and how much of it you would need to invest. but thats just my opinion.
2006-12-19 08:38:48 · answer #7 · answered by lil_poet_man 1 · 0⤊ 0⤋
I'm sorry your Uncle passed away.
Keep it in a 6 month CD until you figure out how to invest it.
2006-12-19 09:00:29 · answer #8 · answered by Anonymous · 1⤊ 0⤋
I would go and see an independant financial adviser, they will give you the best advice on where to invest your money because with that amount you could accrue a nice sum of interest per year. Its up to you though, good luck!!!
2006-12-19 20:16:38 · answer #9 · answered by richardwales79 3 · 0⤊ 0⤋
Keep some in savings, some in a low risk investment, and whatever you feel comfortable putting into higher risk investments. "Diversify."
2006-12-19 08:37:39 · answer #10 · answered by Phoenix, Wise Guru 7 · 0⤊ 0⤋