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What would I do with £50k?

Disclaimer: This is not financial advice. This is based on my opinion only.

So you've got a lump sum of money. You've been savings hard, your business has been cashflowing well, you've got a pot of a divorce or redundancy, maybe even your bonus or a combo of all the above.

That's fantastic!

But now what!?

You can't let it sit in the bank having inflation each away at it....

Here are 6 ways to get that £50k compounding! [mention something about time, risk, effort = reward]

  1. Buy a property

  2. Stocks and Shares ISA - Index Funds

  3. Loan it for a fixed return.

  4. High Yield Savings Account

  5. Add it to your Pension / SIPP or SSAS

  6. Add it to your mortgage offset account

Which one do you pick? Depends on your goals! But also depends on the time you have, your risk appetite and how much effort you are willing to put in.

Whatever you do - don't just let it sit there. Make sure your money is put to work and is earning you something!

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