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

Boring Money