Best way to invest 500k

[smilingcrow]

Would anyone happen to know the best way to invest around 500k? At the moment it is just sat in bank accounts not doing much at all but need something safe to invest it in.

[doctordb]

no wonder your smiling.

[bert_h]

Bluntly, you'd be unbelievably foolish to do anything with such a large amount on the strength of an Answerbanker's suggestion. Totally professional advice from an Independent Financial Advisor should cost no more than 1 per cent of your capital, and will be far far safer to proceed on.

[jackthehat]

I bet this chap is looking for investors.......

http://www.bobbeck.com/

[gingejbee]

Given up on "buy to lets" and moving to France, then?

[cathfromsaron]

i invested (far less) after going on moneysupermarket.com and finding the highest interest rates available!

i'm sure if you have this much kicking around, however, you will already have excellent advisors?

[gingejbee]

Cath- If there's this much kicking around, he has *no* advisors.

[smilingcrow]

1% is 5k! Absolutely no way. I have a work mates brother who suggested property or investing over seas. The tghing is I am not bothered about it increasing too much really only just over inflation.

[sandyRoe]

Buy some properties in a 'good area' of Belfast and rent them out for a while. There has been a crash in property prices here, 40% in some cases, but there's nothing surer than that they will rise again.

[ubasses]

Go to your bank, for that amount they will provide IFA appointment free of charge. They will ask loads of questions to get an idea of what you want and make suggestions. You will have to make the final decisions. Only after that will any fees come into play if you use them to do any investments for you.

[EvianBaby]

You're bothered about losing 5k from 500k rather than get proper financial advice? Surely with the right guidance you'd make that 5k back easily.

[cupid04]

Make cheque for full amount to:- Cupid04, Post box me1. I haven't had a holiday for years. Can I hear any violins?

[DocHH]

If you have that amount of money sitting in bank accounts you are actually losing money, probably more than £5,000.00 annually than you are prepared to expend on professional advice on a one-off basis. The rate of inflation far exceeds most bank account interest rates. You really do need professional advice, they will assess your needs in conjunction with your aversion to risk. You can opt for fee based advice or commission based advice, to suit your circumstances. An IFA will also assess the investment of that sum in relation to any other assets you may hold, property, pension funds, future needs, IHT liabilities etc. I have never paid 1% to an IFA for advice!

[owdhamer]

Owdhamers horse racing system

[Old_Geezer]

Lucky Lad, 2:30, Cheltenham. On the nose. ;-)

[cupid04]

Holiday for cupid04 is better, gambling is a mugs game!