Where would you invest £140,000 - Serious question
 

Mum just sold her house and is gunna move in with me and Dan (my brother). We're just gunna rent a place for 12 months or so.

Mummy wants to know what is the best thing to do with her money for 12 months?

About £130,000-£150,000 ish.

So, come on you financial peeps - knock me out with your wisdom :D

Thanks

Dom :)

p.s. I've already bagged £1500 off her for DD ;)

Three fifteen Kemton park :lol:

It all depends on risk profile!!

The funds can be put into various pots and financial vehicles that range from low risk (building society rates) to high risk more volatile investment vehicles (far-East stock?)

Perhaps seeking a buiding society that offers a 12 month plan, that requires a high level of balance (£100K+), probably a non-withdrawal one would get decent(ish) returns with no risk.

I'd suggest engaging the services of a independant financial advisor,(I know of one in the West Country if it helps) they may not charge any money to you for their services, as they make their money from the companies that the money gets invested in.

Tim

Premium bonds work for us.
as well as getting your money back anytime you stand a good chance of winning .
over the last 3 year we have invested £4000
we have won 700
better interest than the banks.

i think you can only buy a certain amount but this is what i would do.

Sponsor a classic race team..................:cool:

Buy 30.... 888's

Far more fun;)

On a serious note I'd be interested to hear if you can find a scheme that brings useful rewards, investment is at a real low at the moment but I suppose at least the mortgage rate is reasonable. How about buying another property and renting it out ? Just a thought.

Take a look here. http://www.fool.com/

A lot of sound investment advice with discussion forums. Cuts through the BS you often get from a financial advisor.

Dom,IMG Direct have a straight instant acsess savings account paying 4.75%,halifax have one at 5% if you want hassel free savings,but as Tim says your best speaking to an indipendent financial advisor.
Butch

Dom U2U
glyn