Did you inherit it from a wealthy Nigerian Prince?
That made me laugh. I always used to laugh at that one scam.
Topic: I unexpectedly inherited £290,000 and I never dealt with this much money help? - page 6. (Read 3819 times)
April 27, 2014, 06:17:51 PM
That made me laugh. I always used to laugh at that one scam.
April 27, 2014, 06:16:29 PM
Did you inherit it from a wealthy Nigerian Prince?
That made me laugh. I always used to laugh at that one scam.
April 27, 2014, 06:06:34 PM
Im still making choices right now, just want any ideas, or anyone who has been in a situation like this.
I have no business ideas at this moment.
I have no business ideas at this moment.
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April 27, 2014, 06:06:16 PM
Did you inherit it from a wealthy Nigerian Prince?
April 27, 2014, 05:59:18 PM
Do you have any business ideas? It'd be a great way to use a portion of the inheritance.
Just don't forget your risk tolerance. If you want to keep a part of the money - do it. Don't spend it. It is very easy to waste money, and very difficult to earn it.
Just don't forget your risk tolerance. If you want to keep a part of the money - do it. Don't spend it. It is very easy to waste money, and very difficult to earn it.
April 27, 2014, 05:58:09 PM
Wow, things like that really happens... First of all congratulations. You inherited more than I will ever earn in my whole life. If you want to invest in the best way is as you said Real Estate market. Buy some, rent some, gain profit. Stock exchange is too random is you are not familiar with it.
April 27, 2014, 05:50:16 PM
Hi guys,
as the title says, I have unexpectedly inherited around £290,000 and don't know where to start. I'd love some informative input.
I am...
25 years old
recently graduated with a masters in physics
currently working at a mall.
I'd like to maximize some kind of regular income from this, maybe through renting out a property
There's risk tolerance on maybe half, I'd like to keep the other half safe
I have never invested before, except lucking out with a small bitcoin purchase in 2011
No house, no car (though I'm looking to buy a cheap one shortly)
I have a student loan debt of around £15,000
One plan I'm thinking of pursuing is to buy a small property to live in for 6 months (to clear capital gains tax), and then using that property against a buy to let mortgage to purchase another property to rent out. This should provide some regular income but I dont know whether to try to pay of the mortgage or to sell the house when the market picks up and take the profit.
I'm open to any suggestion, I'm in an extremely fortunate position and want to make the best out of it.
as the title says, I have unexpectedly inherited around £290,000 and don't know where to start. I'd love some informative input.
I am...
25 years old
recently graduated with a masters in physics
currently working at a mall.
I'd like to maximize some kind of regular income from this, maybe through renting out a property
There's risk tolerance on maybe half, I'd like to keep the other half safe
I have never invested before, except lucking out with a small bitcoin purchase in 2011
No house, no car (though I'm looking to buy a cheap one shortly)
I have a student loan debt of around £15,000
One plan I'm thinking of pursuing is to buy a small property to live in for 6 months (to clear capital gains tax), and then using that property against a buy to let mortgage to purchase another property to rent out. This should provide some regular income but I dont know whether to try to pay of the mortgage or to sell the house when the market picks up and take the profit.
I'm open to any suggestion, I'm in an extremely fortunate position and want to make the best out of it.
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