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Re: Safe Investment Options

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thescullster <Phil@nospam.com> wrote:
> On 19/08/2020 15:28, Chris Green wrote:
> > thescullster <Phil@nospam.com> wrote:
> >> Hi all
> >>
> >> If you were going to hand over £50k as an inheritance payout to an
> >> adult, where would you suggest they put it?
> >>
> >> Not interested in high risk.
> >> Probably wouldn't want it locked away for long periods (1 or 3 years may
> >> be an option).
> >> Concerns about Internet security and fraud, but also vulnerable to covid
> >> so less inclined to go to bank in person.
> >>
> >> Ideas anyone (other than under the matress or in your pocket that is)
> >>
> > I think "under the matress or in your pocket" are probably the best
> > options at the moment given the trivial (to almost non-existent)
> > interest rates being offered at the moment.
> > 
> > Pay off absolutely everything that you owe money to first (mortgage,
> > credit cards, any other loans), then buy something you really, really
> > want. :-)
> > 
> 
> Hi Chris
> 
> The beneficiary is mid-twenties and does not have property, so his only 
> real debt is a student loan.
> 
> It is not possible to pay these off as far as I know and, given that 
> repayment is salary dependent, it may be that it is preferable to leave 
> that one hanging.
> 
Complete disaster are student loans, a "heads I win, tails you lose"
set up if ever there was one.  I wonder what would happen if you took
them to the small claims court if/when they refuse to let you pay off
what you owe (though I suppose that is a sort of backwards sort of
claim).

As regards it being salary dependent that points you more towards
earning as little as possible and spending the nest egg! :-)

-- 
Chris Green
·

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Safe Investment Options thescullster <Phil@nospam.com> - 2020-08-18 14:23 +0100
  Re: Safe Investment Options nospam@please.invalid (AnthonyL) - 2020-08-19 12:56 +0000
    Re: Safe Investment Options thescullster <Phil@nospam.com> - 2020-08-19 18:16 +0100
      Re: Safe Investment Options nospam@please.invalid (AnthonyL) - 2020-08-20 12:32 +0000
    Re: Safe Investment Options thescullster <Phil@nospam.com> - 2020-08-19 18:25 +0100
      Re: Safe Investment Options nospam@please.invalid (AnthonyL) - 2020-08-20 12:26 +0000
  Re: Safe Investment Options Chris Green <cl@isbd.net> - 2020-08-19 15:28 +0100
    Re: Safe Investment Options thescullster <Phil@nospam.com> - 2020-08-19 18:20 +0100
      Re: Safe Investment Options Norman Wells <hex@unseen.ac.am> - 2020-08-19 18:26 +0100
      Re: Safe Investment Options Chris Green <cl@isbd.net> - 2020-08-19 20:38 +0100

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