Some things to look into.
1. Buy a managed fund or bond that pays a monthly dividend, has some risk to the capital, and ties the lump sum up for several years.
e.g.
http://investor.invescoperpetual.co....ncome_fund.pdf
2. Buy UK property and enter the BTL market. With cash you could pickup some bargains at auction and have an agency fully manage the properties for your parents. They then live off the rents.
3. Build your own portfolio of shares and bonds, choosing defensive stocks that pay a high dividend.
4. Lend the money on Zopa. http://uk.zopa.com/ZopaWeb/public/le...g-at-zopa.html
5. A mix of the above.
Whatever you do, it's better than sticking it in a high street bank that pays 0.1% interest.
1. Buy a managed fund or bond that pays a monthly dividend, has some risk to the capital, and ties the lump sum up for several years.
e.g.
http://investor.invescoperpetual.co....ncome_fund.pdf
2. Buy UK property and enter the BTL market. With cash you could pickup some bargains at auction and have an agency fully manage the properties for your parents. They then live off the rents.
3. Build your own portfolio of shares and bonds, choosing defensive stocks that pay a high dividend.
4. Lend the money on Zopa. http://uk.zopa.com/ZopaWeb/public/le...g-at-zopa.html
5. A mix of the above.
Whatever you do, it's better than sticking it in a high street bank that pays 0.1% interest.
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