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Should I use it to clear down mortgage ?
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Nice financial situation!
What timescale are you looking at?
Realistically the only thing that would be "100% safe & secure" would be actual individual Government Bonds & I'm not sure what the minumum denomination is.
You would get the "coupon" every year & a refund of the face value when the bond matures. Don't sell it before it matures because the market value at a point in time (up to maturity) fluctuates with long-term interest rates. Hold it til maturity & the full initial face value is returned. Of course it is only as "safe" as the sovereign state issuing the bond! The risk is that of default, either not paying the coupon every year, or not being able to repay the capital at maturity. Very few sovereign states default!
Daddy, if the country defaults, the best things to invest in are gold (offshore) and tinned food.
The only thing that I can think of that meets 100% these requirements is to pay down the mortgage. But the current return on that is the same as your mortgage interest rate, which is likely close to a historic low.
Other strategies result in you depending on governments, currencies, banks, 3rd parties to some degree or another e.g.
You could consider chasing the best deposit rates, assuming you can get a better rate than your mortgage, and assuming it is worth your while to manage this process closely.
You could invest is several internationally diversified government and company bonds.
You could consider purchasing an annuity.
You could take a diversified approach to lower your risk e.g. a percentage in each approach, and split that percentage among different providers.
You could decide to take a slightly riskier, but still very low risk (e.g. deposit/bonds) approach for a set period of time. Limiting the time would limit your risk.
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