£200k to invest - what would you do ?

[Spoiler]

"A friend" has £200,000 (net) coming their way, and wants to invest it in a lower-risk way that would provide some level of income (i.e. ideally above a standard 1.5% savings account). What would you do ?

BTL seems the initial choice - maybe a house or a couple of flats, possibly with a small mortgage depending on area and get <10% return. I'm not up to speed on the BTL space, but whilst there seems to be a few more hurdles these days in terms of return, it still seems a reasonable choice.
One concern is that as an owner of an existing (mortgaged) property, the majority of their 'portfolio' would be in housing.

Anything else - shares (hands-off tracker-type thing), wine, gold ???

It probably won't be invested in bitcoin

[scooterscot]

There's a major recession on the horizon. Your friend's only concern should be about protecting the wealth. A diversified portfolio matters.

For low risk, stick with commodities. They'll always be needed even during a recession.

[AtW]

Should have posted in "Ask Darren" thread...

[northernladuk]

I think 'Asking a mate to post on in the General section of a random anonymous Internet forum about what to do with 200k' is possibly the worst start to an investing strategy I've ever seen.

[Old Greg]

I think 'Asking a mate to post on in the General section of a random anonymous Internet forum about what to do with 200k' is possibly the worst start to an investing strategy I've ever seen.

We don't see the PMs to scoots.

[vadhert]

Screw investing.

Go straight to Lambo

[stonehenge]

There's a major recession on the horizon. Your friend's only concern should be about protecting the wealth. A diversified portfolio matters.

For low risk, stick with commodities. They'll always be needed even during a recession.

This.

Not a bad place to start:
Harry Browne’s Permanent Portfolio- 2018 update | Financial Page

[BlueSharp]

Get proper paid for advice your mate can afford it.

[Spoiler]

I think 'Asking a mate to post on in the General section of a random anonymous Internet forum about what to do with 200k' is possibly the worst start to an investing strategy I've ever seen.

Why ? It's not financial advice, they're just after ideas to research

Got one decent option here so far ...

[Spoiler]

Get proper paid for advice your mate can afford it.

From who ? An IFA on commission ? A respectable financial advice website ? Suggestions ...