best place for an elderly person to invest 125k

[shoppergal]

Hi there,

someone i know has recently been widowed and now has 140k approx of a lump sum. they don't need it for day to day expenses but would like to have easy access to it.

she has no interest in shares or stocks and isn't really looking at making a long term investment(is in her 60's).

what's the best place for her to put this money without it depreciating in value?

 

[Calico]

A low-charging bond fund would be my suggestion. Although, if the person is in their 60s they probably should consider a bit of diversification. Maybe something like 70% bonds, 20% equities (stocks & shares) and 10% cash.

[broken link removed] is probably a good place to do the above

 

[ClubMan]

In my opinion they should get professional advice.

 

[shoppergal]

clubman, who would be the best type of person to go to for advice? she is wary of anyone trying to "sell" their product

 

[ClubMan]

She should talk to a good multi-agency intermediary or authorised advisor and avoid tied agents (e.g. sales staff at the bank etc.) unless she knows in advance that she wants to buy their specific products. There are a few MAIs and AAs who posts on this forum and who might be worth checking out?