How to Invest 500,000 Pounds This Year? Ask the Experts at Compare the Financial Markets
Whether you have received an inheritance, sold a hefty property, or prospered in business, 500,000 pounds is a nice sum to have, and it opens up for you many investment opportunities. Consider every step you make carefully, and set targets, and take precautions, on how to invest 500,000 pounds this year.
The first thing you must decide is whether you want to put some of the money in the bank to receive interest. You must know though that interest rates in the UK have significantly dropped in recent years, and although they are slowly recovering, they remain on the whole too small to enable you to live off the interest. You can get about 2.5-3% a year though, and in 30 years or so you'd have a million in the bank. To get better interest rates consider investing some of your money in offshore savings accounts.
Now back to conventional investments. London properties, and especially flats in good locations, can bring you a steady source of income in the long run, if you choose to buy them and let them out. With 500,000 pounds you can buy one or two nice flats depending on wether it is in or outside of London. If you're wondering how to invest 500,000 pounds with as little hassle as possible, buying flats can be the best choice for you.
If you'd rather make more aggressive short-term investments, aiming for quick returns, you should consider investing in student housing projects across the UK, government bonds and company shares, alternative investments in green energy, art, fine wine, foreign investments in rising Asian and African firms.
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- How much do you have to invest?
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To help you through the multitude of choices, enter your details below and let the Compare The Financial Markets experts find the best investment for you today.