What to do with £10k?

[scooterscot]

I'm planning on wasting 5k taking 2 months off to backpack round Nepal and India.

Watch your feet not the view when walking.

[d000hg]

Why would it cost £5k to go backpacking?

[vetran]

Why would it cost £5k to go backpacking?

flights and paying the bills while he was away?

[RedSauce]

flights and paying the bills while he was away?

WVS

£700 on flights
£2500 (generous £40 a day when i'm out there)
£400 on equipment/insurance
£1600 bills while i'm away.

[d000hg]

flights and paying the bills while he was away?

You can't count the cost of things you'd be paying whether you went or not! £5k gets you a luxury honeymoon, the whole point of backpacking is it's cheap!

[RedSauce]

You can't count the cost of things you'd be paying whether you went or not! £5k gets you a luxury honeymoon, the whole point of backpacking is it's cheap!

True, but in my head I'm paying rent that I'm not using so it feels like a cost

[vetran]

You can't count the cost of things you'd be paying whether you went or not! £5k gets you a luxury honeymoon, the whole point of backpacking is it's cheap!

unless he rents his house out its still a cost for the purpose of budgeting for the holiday.

£5k might buy you a luxury honeymoon, but you still have to pay your council tax while on holiday so you need to find money for that.

[Gittins Gal]

Have you heard of Lazy portfolios? Simple to setup and manage and decent return long term. I have my excess money in a coffeehouse portfolio.

I'm looking into some kind of managed fund.

I'm not particularly well versed in the field of stocks and shares trading but I get the feeling that one always needs one ear to the ground - micromanagement in other words and I just don't have the time for this. Plus, of course, the risks are higher. Sure you can read up and research on what's a good buy but can you always trust the gen? I've been reading Hargreaves Lansdown's Investment News a lot recently and I tend to feel a bit bewildered each time.

But, then again, I like liquidity & to invest in stocks and shares you really need to be in for the long haul. I may just as well indulge in a life long pipe dream of making money from wheeling and dealing antique furniture.

[RedSauce]

I'm looking into some kind of managed fund.

I'm not particularly well versed in the field of stocks and shares trading but I get the feeling that one always needs one ear to the ground - micromanagement in other words and I just don't have the time for this. Plus, of course, the risks are higher. Sure you can read up and research on what's a good buy but can you always trust the gen? I've been reading Hargreaves Lansdown's Investment News a lot recently and I tend to feel a bit bewildered each time.

But, then again, I like liquidity & to invest in stocks and shares you really need to be in for the long haul. I may just as well indulge in a life long pipe dream of making money from wheeling and dealing antique furniture.

I was in a similar position with this years ISA allowance, I split it over 2 funds and one has done really well (Old Mutual smaller UK companies), the other is an emerging market fund which has been less successful but still moderate growth.

[MarillionFan]

You can't count the cost of things you'd be paying whether you went or not! £5k gets you a luxury honeymoon, the whole point of backpacking is it's cheap!

That's a cheap honeymoon.