With £50,000??

My mate just sold a house and made 50k profit. He came over for a beer last night and he told me that it was a dream to have that mu h money, yet he went on to tell me that he hasn't got a clue what to do with it.

I told him to invest it, but he didn't know what to invest it in!

He doesn't need a car, he has a six month car which he loves and it is paid for. Plus he has no debts!!

So, what would you guys do??

 

Hookers and cocaine

 

personally id buy premium bonds until id decided what id like to do with it.

 

Barclays if theyre back down to 265 tomorrow , easy money

iv made over 500 quid since last monday , off 12 k average

 

Nothing really as it's just pocket money .... NSR is mainly populated by self made millionaires don't you know

 

Yep, he can then squander the rest.

 

£50k is nothing really ..... pennies.

Bung £30k into Premium Bonds and £20k into shares - blue chip, maybe SKB?

 

oh oh Walters back lol

 

+ 1

Or alternatively a 15kw wind turbine

 

But you have to be a 'poor' farmer first

 

Find a decent IFA and have a chat. It's what they're there for.

If it's genuinely spare then there are plenty of options...

- invest it for some time in the future - in case of retirement or redundancy, for example.

- start a business; £50k might well cover start-up expenses for any number of businesses including a member of staff for a year

- if that all sounds like too much like hard work, go nuts! £50k buys a very nice car and a couple of years' running expenses.

- take up a cool and expensive hobby... learn to dive and explore the world underwater, get seriously into home cinema or hi-fi, learn to ride a motorbike and treat yourself to a few decent bikes, buy some pro level camera kit and travel the world taking pictures.

- take a year off work. Spend it doing something charitable. Maybe even pack in your career and take a new job that pays less but is more interesting or satisfying.

- Above all - don't get too used to the extra cash! The comedown is a bitch...

 

i'd suggest doing the same again, buy somewhere that needs a bit of work and spend his time doing the work then sell it on and come back with the same question just bigger numbers next time. plus then he'll have time to ponder the idea and wont rush into anything

 

Somebody told Egypt was cheap this time of year

 

I'd shove it in bonds. £50k is feckall these days.

 

I'd buy scoobynet,then bank the other £49999

 

I'd pay Dog's to be my sex slave!

 

 

Be afraid.........be VERY afraid.........

 

No no!.......I'd have to pay him!

 

Buy another house, and turn it round again, into a £100K ?

dunx

 

Depends how old he is really, and if he will have another chance of having that much money in cash.

 

Ah, right!!

 

Surely you just need a box of Bonios ?

 

Or a GTR

 

For me or him?

 

In the immortal words of Georgie Best:

I spent a lot of money on booze, birds and fast cars. The rest I just squandered.

 

I spent 6 months drinking my way round south asia when I sold a house and had 50k left. got my first scoob as well. I would say either have a top bollocks holliday or buy a holliday home in a country you really like.