Where would you invest £50,000?

Question

My mother has £50,000 to put into an account, she would like to get a return to pay her rent, if this is possible,

Answer 1

If you have certain knowledge of investing then I might recommend stock market. Since current market is not doing well, so I would like to recommend bond, Mutual fund.

Answer 2

I would put the money in property on a buy 2 let basis rent out the property cover the mortgage and my rent thought a agency and gain equity in the buy to let property. Remenber that most investment plans and banks will only cover £30K of the money if things go wrong, Check it out first. I would otherwise put the money in Isa for say each grandchild / daughter/ sons etc if they havnet got 1 already best return no risk and tax free.

Answer 3

Corporate Bond Income Fund.  (Mutual Fund)  This is what I personally would do with the money.

1)  It is safe

2)  It is high yielding

3)  It is flexible

4)  It is convenient

Write to me if you want more information.

[e-mail]

Answer 4

I would purchase hard assets in the USA. Your euros kill the dollar. You could get a 3 bedroom, 1 acres, 2.5 bathroom home built in 1980 for 50000 Euro. Harrisburg, Pennsylvania.

After the dollar appreciates, sell the house and liquidate.

Answer 5

I would give my money to 1 of those wonderful Nigerian people who keep sending me emails asking for my bank account number to deposit all the money from thier dead fathers diamond mining buisness......... Its safe there for sure....

Answer 6

Yes investing monies can yield a return it is only in the right type of business can one achieve the right return of profit.  Almost anything that says it can get you rich quick is a scheme, but every now and then the stock market hits.  Lottery tickets just don't cut it for me, nor does the casino, but still others hit on that type of things to.  Me personally I would invest in my own business.

Answer 7

Alliance and Leicester have a savings account that pays 6.5% gross interest and the interest payments can be sent to her current account. I would recommend this account.

Until new rules come in, the maximum your mum should put in one bank is £35,000 since this is the most the government will guarantee in the event of bank insolvency. It is about to be revised up to £50,000 though. Watch the press for policy change.

Alteratively Abbey have a similar account that can be applied for online which also yeilds 6.5% gross. As part of one of Europe's largest banking groups (Santander) this is very unlikely to go under.