Capital Saint Posted April 9, 2017 Share Posted April 9, 2017 So, after 38 years, I've been handed my redundancy/early retirement notes. I'm just thinking of my opportunities. I'm getting a fairly good package which includes early retirement. I've no family so no need to invest longer than me and the wife lives. Should I go for property or can anyone recommend someone/somewhere I can get good investmwnt advice? PS, I'm mortgage free Quote Link to comment Share on other sites More sharing options...
Ormond Posted April 9, 2017 Share Posted April 9, 2017 Plough it into Saints. Stevie Broon'll tak' care o' the dosh. Quote Link to comment Share on other sites More sharing options...
euan2020 Posted April 9, 2017 Share Posted April 9, 2017 1 hour ago, Capital Saint said: So, after 38 years, I've been handed my redundancy/early retirement notes. I'm just thinking of my opportunities. I'm getting a fairly good package which includes early retirement. I've no family so no need to invest longer than me and the wife lives. Should I go for property or can anyone recommend someone/somewhere I can get good investmwnt advice? PS, I'm mortgage free if you want to spend all the money why tie up in property ? or are you looking for rental income guess depends on your current age, and expectation of how long you plant to live, and when you want to be drawing down money out of investment should double check you have 35 years NI contributions, and top up thees if you don't to get full UK State Pension need to take a look at your Pension as well if contributions based, and what risk of funds you are into, in case you want to down size risk based on taking money out - only my opinion but don't go near annuities - better off managing cash withdrawal yourself - if you have a defined pension - lucky boy Quote Link to comment Share on other sites More sharing options...
mariokempes56 Posted April 9, 2017 Share Posted April 9, 2017 Just get pished - the worlds fekked anyway.... Quote Link to comment Share on other sites More sharing options...
fishcumnock Posted April 9, 2017 Share Posted April 9, 2017 oil ! Quote Link to comment Share on other sites More sharing options...
Pool Q Posted April 9, 2017 Share Posted April 9, 2017 The best advice I could give is to get advice from a reputable Wealth Management company or IFA, as opposed to asking some random gadgies on of football forum. Quote Link to comment Share on other sites More sharing options...
wheres the pies Posted April 9, 2017 Share Posted April 9, 2017 There's a Nigerian based ta club who could most probably help Quote Link to comment Share on other sites More sharing options...
Kirk Posted April 10, 2017 Share Posted April 10, 2017 Shares in Rangers Quote Link to comment Share on other sites More sharing options...
euan2020 Posted April 10, 2017 Share Posted April 10, 2017 21 hours ago, Pool Q said: The best advice I could give is to get advice from a reputable Wealth Management company or IFA, as opposed to asking some random gadgies on of football forum. you assume they didn't just get a months training - seeing folk cross over from being a Joiner/Carpenter to IFA now funny enough - a few of the guys who failed their bank exams crossed over to being salesman, and passed exams no bother Quote Link to comment Share on other sites More sharing options...
Pool Q Posted April 10, 2017 Share Posted April 10, 2017 1 hour ago, euan2020 said: you assume they didn't just get a months training - seeing folk cross over from being a Joiner/Carpenter to IFA No I don't. Quote Link to comment Share on other sites More sharing options...
EddardStark Posted April 10, 2017 Share Posted April 10, 2017 depends how much you have to invest. Like someone said consider using an IFA but if its leas the £50k then I would do it yourself. Unbiased.com is where you can find IFA's local to yourself. Quote Link to comment Share on other sites More sharing options...
Armchair Bob Posted April 12, 2017 Share Posted April 12, 2017 What kind of return are you looking for, risk do you want to take, timespan you looking at? Sticking it in a FTSE tracker is historically the best way of getting a return, provided you have 20 years to wait. property can also provide reasonable returns but there are two kinds of property. Ones you buy for the expected capital value increase when you sell it - like Edinburgh New Town; and ones that give you income straight away as rental properties, usually in good value but not shitehole areas, like Dunfermline or Grangemouth. Riskiest is to invest straight into a small company. But unless you really know business and the market segment then you are as well investing in lottery tickets. Quote Link to comment Share on other sites More sharing options...
thplinth Posted April 12, 2017 Share Posted April 12, 2017 (edited) The stock market averages about 7% pa over the very long term IIRC (dont quote me). If that is roughly right then your money in it untouched will on average double every 10 years http://www.miniwebtool.com/doubling-time-calculator/?r=7 That is not bad at all but it is a very long term average... in reality it is a year on year roller coaster where you might find you cant touch your money for 5 years + due to adverse conditions and if you are not properly diversified you'll probably get investment motion sickness at some point and make a very bad decision. A FTSE tracker or better S&P tracker or diversified ETF portfolio of say 25 stocks is 'safe' (but still a rollercoaster) and then just check in now and then and do not touch it unless you have to. Property is still good barely but buy smart with both rent income and selling price gains in mind and bear in mind it is the most time consuming and annoying of all investments. Dealing with one set of bad choice tenants alone is enough to make it not worth the effort for the whole year plus if you have better things to do. If you are busy at all , forget property, pain in the archie. Then you have the endlessly and increasingly super hostile attitude of the local councils and the local governments, yeah the snp is one big time, to 'landlords' (booo hisss) ... If you can be bothered with all that then it is a solid way to make modest but well earned investment returns. Nothing spectacular but decent. This may suit you best right now. Bonds... no yield anywhere really. Same with savings accounts etc. All of you have to get into this now because (y)our pensions are typically garbage. DIY time. Spread it around. No eggs in all one basket situation. Good luck. Edited April 12, 2017 by thplinth Quote Link to comment Share on other sites More sharing options...
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