£100k Inheritance

[Shaunpaul]

You could be the first investor of the Boris bridge

[forestboy1978]

18 minutes ago, Mick Dempsey said:

 

Lawrence has a plan...

Love that movie. Coming from a man who doesn't like comedies, that is saying something. Absolute quality. 

[Mick Dempsey]

Never seen it, but remember this little clip from somewhere.

 

Must watch it!

[forestboy1978]

I defy you to not find that movie funny. I was literally wetting myself. I'm going to watch it again sod it. 

[spudulike]

Most people would opt for a holiday, new car, new things etc and then end up with an insignificant amount and not much to show for it in 5 years.

If you are relatively young, your 100K invested may double every 5-8 years so work it out, it may mean you carry on struggling for a few years but may mean you can take it damn easy in your 50s when you are beginning to think there is more to life.

If you are close to retirement then £100k will give you £5k a year for all your days - that is what the industry works on.

£100k could buy you a small house of flat, depending on where you live. This would give you a return of 4-6% if you buy to let and if the property prices go up then a bit more but you have the hassle of tenants and they can be big.  

The point - £100K may change your life a bit but not massively - put down the Aston Martin catalogue - the running cost will kill you!!! BUT, £100k over say 20-30 years WILL change your life if you are prudent and a bit clever!

[openspaceman]

2 hours ago, Shaunpaul said:

Depends on your circumstances already, if you were to invest in bigger/better machinery for a business would it earn more money or be sat doing nothing. Pay off a mortgage, invest in a property. Or just sit on it for a rainy day.

Sitting on it in a current account is not a good plan what with rising inflation and quantitative easing.

[Stephen Blair]

on £100K ?

Hell yeah, if it doest work you just get a job!
I now treat life like those old pedal mopeds.
Sometimes you can cruise along and an odd time you have to pedal like mad then it’s back to cruising!
I’ve invested £100k in kit before and I wasn’t any better off so I’m not doing that again!

[Christopher Schroeter]

I'd buy a bottle of whiskey......and then probably a hippopotamus on eBay.

[Gary Prentice]

Spend it on travelling 

[donnk]

9 hours ago, spudulike said:

Most people would opt for a holiday, new car, new things etc and then end up with an insignificant amount and not much to show for it in 5 years.

If you are relatively young, your 100K invested may double every 5-8 years so work it out, it may mean you carry on struggling for a few years but may mean you can take it damn easy in your 50s when you are beginning to think there is more to life.

If you are close to retirement then £100k will give you £5k a year for all your days - that is what the industry works on.

£100k could buy you a small house of flat, depending on where you live. This would give you a return of 4-6% if you buy to let and if the property prices go up then a bit more but you have the hassle of tenants and they can be big.  

The point - £100K may change your life a bit but not massively - put down the Aston Martin catalogue - the running cost will kill you!!! BUT, £100k over say 20-30 years WILL change your life if you are prudent and a bit clever!

money on 7% compound return doubles in 10 years.

 

 

Edited January 20, 2018 by donnk