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    I would like to have a diverse portfolio including buy-to-let flats and different investments. Any tips?

    25 October 2022

    Question by Liam

    I’m due to inherit £150,000 and a 4-bedroom house, mortgage free. I’m planning to put £16,000 into my Stocks and Shares ISA and £4,000 into my Lifetime ISA. Therefore, I have £130,000 left. What should I do with the rest of the money? I would like to have a diverse portfolio including buy-to-let flats and different investments. I have a work pension. But I’m a bit skeptical about a private pension due to the drawbacks associated. I earn approx. £24,000 before tax. Any tips would be greatly appreciated :)

    Answered by Boring Money

    Hi Liam,

    A diverse portfolio is a great idea.

    Are you looking to buy a rental property outright or with a mortgage? This will determine who much of the £130,000 is available to invest elsewhere.

    What are the drawbacks of a personal pension you are referring to? They are one of the best ways to invest.

    If investing for the long-term, have a look at funds which will give you a globally diversified equity portfolio, that you can put your money into, and not think about for many years.

    I hope it helps!

    Joshua Gerstler
    FPFS, Cert SMP, FCA
    Chartered Financial Planner

    Answered by

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    Important stuffHolly and the team have worked in the finance industry for many years but we are not regulated to give you personal financial advice. For every story on this website about a good investment, or something which went up by 10% or made someone £200, we could also share a story about a bad investment, something which fell in value or lost someone £200. We aim to provide general information and pointers – and btw we are totally agnostic about which providers you might pick – but if you have complex affairs, want personalised advice or need specific recommendations, please look at advice pages and see if regulated digital or traditional financial advice would be the best solution for your needs. Boring Money Ltd is a limited company registered in England and Wales under registration number 09459832 and we have our registered office at 10 Lower Thames Street, London, England, EC3R 6AF.
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    Boring Money Ltd is a limited company registered in England and Wales under registration number 09459832 and we have our registered office at 10 Lower Thames Street, London, England, EC3R 6AF.
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