£30K to invest

[DimPrawn]

Wellesley, repay mortgage – Any other options?

I am single, happy with my car, remainder in the war chest, so no significant expenditure is on the cards…….

Women like nice teeth. Invest in a full set of cosmetic veneers. There's your £30K gone like that!

[Gumbo Robot]

I don't get the Wellesley reference

OK, Wellesley peer to peer lending

[Nemesis]

I don't get the Wellesley reference

Wellesley offers around 7%, but if the lender defaults potentially I could lose all of my money as not protected. Hence the gambling reference

[AtW]

Women like nice teeth. Invest in a full set of cosmetic veneers. There's your £30K gone like that!

WHS

[lukemg]

Depends -
1. Can you guarantee you don't need it for 10 years ??
2. Can you guarantee you can hold your nerve during the next bear market (potential 50% loss if you bottle it and sell) ?

If yes to both, consider Vanguard Lifestrategy fund (Very diversified global investments, very low fee index fund, make sure you go through a discount broker) 100% shares if you can look at least 10 years ahead. Maybe go 80% shares/20% bonds to benefit from auto-rebalancing.
TRY to chuck a bit more in each month if poss (benefit from PCA)
Fire and forget, thank me in 15 years.....

Monevator.com is your friend for some detail/easy explanations of why.

[DimPrawn]

Sas just buy another eco-shed okay?

[Waldorf]

Depends -
1. Can you guarantee you don't need it for 10 years ??
2. Can you guarantee you can hold your nerve during the next bear market (potential 50% loss if you bottle it and sell) ?

If yes to both, consider Vanguard Lifestrategy fund (Very diversified global investments, very low fee index fund, make sure you go through a discount broker) 100% shares if you can look at least 10 years ahead. Maybe go 80% shares/20% bonds to benefit from auto-rebalancing.
TRY to chuck a bit more in each month if poss (benefit from PCA)
Fire and forget, thank me in 15 years.....

Monevator.com is your friend for some detail/easy explanations of why.

Generally good advice, although I am not a fan of bonds, and Vanguard don't seem to do a 100% equities Lifestrategy fund.

I personally invest in Vanguard ETF's very low cost, fully invested etc. they have a wide range covering the whole world so with £30K you can invest via an online broker.

Reinvest the dividends and top up if you can. Obviously use your ISA allowance each year as this will protect you from capital gains and any further increases on dividend taxation.

[lukemg]

Vanguard LifeStrategy 100% Equity Accumulation Fund | Fund price & information

Yeah they do 100%. I am all over the etf's too but I wouldn't put a new investor onto them, I would advise them to keep it ultra simple.