whats the best way to invest £70,000?

Question

Ive been thinking about buying abroad, places to let out, but dont know how secure that would be, or doing property development which I know nothing about! Ideally, I am looking for something to bring in about £600 per month, is there such a way of doing this, with that amount?

Answer 1

The best answer will depend on your time horizon.
The best generic advice would be:
Diversify your investment.
A little bit in cash (CDs), a bit in stocks (ETFs) a bit in bonds (T-bills). I would also throw a bit into stocks with global exposure as well.

This is what *I* would do with that much just given to me. (after making sure I paid the right amount of taxes on it, NEVER forget that part)

That said, I would still diversify my investment. First I would pay off any high-interest debt. Never forget about investing in that FIRST.

I would take a good 1/3 of what was left over and invest in companies that make wind turbines, and companies that refine silicon. Both are used in renewable energy (silicon=solar power), and both are experiencing double digit growth in demand for their products and will likely do so for some time. BUT, I have a LONG time horizon before I retire, so this risky investment strategy would not be for everybody.

The remaining two thirds would be evenly split between ETF funds, bonds, and cash.

I would then really start socking away cash in CDs, until I had a good year's worth of money rolling around. But I like cash. I think Ben Stein did a good column on that a while back.

BUT

That is what *I* would do. I am not you, so you should get an appointment with a reputable financial advisor who can better tailor an answer. Or just give more details about yourself here, and ask again.

If you are looking at income production, you should probably keep the money in a relatively safe investment. Real estate is generally not considered that safe.

You might want to seriously think about stocks that pay consistant dividends, like British Petroleum.

Answer 2

You are expecting more than 10%pa. Are you joking?

Property abroad is not a good idea. How will you manage it? In UK property it will not even buy you 1/2 a house.

My advice is to invest £35,000in a bank D/A , including £3,000 in ISA and transfer the max. permitted amount into the ISA every year. Income 6%, or £2,100pa
The other £35,000 invest in an income type UT, yielding, say, 3.5% or £1,225pa
Total income £3,325 pa (£277pm), which should be rising every year.

Answer 3

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Answer 4

Took 15 years for me to develop a trading system the pound /usd.Its very accurate.I use 11 different commodities and make a comparison and it will tell me which way the market moves.I have a demo account that others check out to see how profitable currency trading can be.You can email me at [e-mail] and i will give you the user id and password of the demo account and you can observe.Also i agree with another persons answer high rated bonds AAA pay a decent return and very rarely default usually even Bs are safe.

Answer 5

With business you still have to pay this tax & that tax, but ih you get a house its an investment without tax, buy & sell your gross profit is your net, but if you want more value then ofcourse you need to give a facelift with the property.

You can still buy a property any price use 70k as deposit, I just invested money on a beautiful house, don’t have to earn big money to buy a big house, just 7.5k deposit and earning around15k per annum, i have a small bar in my house playing room too, call richard on uk property invest on 01214525600 tell him I told you.

Answer 6

Corporate bonds are safe, easy to buy, and guarantee a good return. From personal experience, I would recommend bonds from Credit Suisse, Home Depot, and Wal-Mart. They pay about 6-7% and even if they went out of business the bond holders get paid first. I don't see any of these companies as being at all risky.

Answer 7

Your best bet would be to stick to the UK property market.
You could invest in several flats and rent them out. To do this you need to get a buy to let mortgage with a 15% deposit for each property.
With £70000, you might be able to get 3 flats using approx £23000 deposit, purchase price around £155000. This means you will have a total mortgage of about £400000, monthly repayment £1645. You may be able to get rental for each flat of around £750 which would leave you around £600 after paying the mortgage

Answer 8

Stick it all on Elopement on the nose in the 9:15 at Warwick.

Answer 9

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Perhaps it’s true when it comes to traditional stocks trading but definitely not true in the case of binaries. You don’t have to be an expert to predict the movement of certain assets.

Answer 10

what bout investing in places like Bulgaria,or Turkey they are up&coming places,you can sell them on make tidy profit..
just idea..