Gifted £50k. Want to do something sensible, but not sure where to go from here

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Reply 40

AlmostNotable

Original post by AperfectBalance

It is far to volatile to tell or make any real predictions. so no it is a terrible idea.

6 months late but would've made half a million.

Reply 41

paulbarlow

why dont you pay off say 40k of ypur mortgage. rates are due to rise this will save the most money

Reply 42

forst_pa

Original post by Pipsico

Hiya

A bit about me
I have a stable well paying job and house with £175k mortgage paying 1.79% on a tracker (will soon go down after these Base rate cuts)
No debts apart from £1500 on a 0% interest card until 2018.

I plan to treat myself with £1k of it and then do something smart with it.

Currently have it stuck in 2x Santander 123 accounts paying 3% pre-tax and the rest in Club Lloyds accounts.

I know there are a few financially savvy people here so would be good to get your thoughts on what to do? Or is it best left where it is?
I'm not a massive risk take btw, and don't have time to manage a portfolio of investments. As my mortgage rate is so low, it might not be worthwhile to pay it off.

Perhaps I could go shared ownership in a house? or?

Cheers!

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'Buncha hookers and cocaine.

Reply 43

Mr_market2

As warren buffett would say, if you nothing about investing and can't be bothered to learn, keep 90% in a S&P 500 tracker fund and 10% in cash.