So you want to know where to invest £50,000. Let’s assume you came into some money and the amount is £50k. A lump sum like that can transform your circumstances if used correctly.
If you are unsure what to do with £50k then the best thing to do is to sit down with a pen and a piece of paper and work up a plan.
Firstly, jot down the list of debts that you have like credit card debts, short term loans, car loans etc. Write down anything that has a high interest repayment. Now if you can, clear these loans and as long as you have sufficient capital left over then you can invest this sum. This will be an excellent starting point.
Before you invest you need to consider a number of things.