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Three Smart Ways To Invest Inheritance

6th November 2019

When you receive an inheritance from a loved one, it can be difficult to decide on the best way to spend the money and put it to good use. There are many different options available - you could use the money to purchase property, invest in stocks and shares, or use it to fund a business idea. To give you some inspiration, here are three smart ways to invest an inheritance. 

Purchase a property abroad 


There are several great benefits to investing in property abroad. Firstly, it allows you to take advantage of low property prices in various destinations around the world. Purchasing property abroad can also provide an excellent source of additional income as you have the option to rent the property to holidaymakers, expats, or locals. If you decide to sell your property, then you have the potential to make a fantastic return on your investment, so long as you research the local property market and make a smart purchase. 

 

If you inherit property abroad, then you have the choice to keep the property and rent it out to make money, or you can sell the property. The process of selling property abroad is different from selling in the UK and can be slightly more complex. Fortunately, you can find plenty of guidance on how to sell inherited properties abroad. For instance, there is lots of valuable advice on selling inherited property in Portugal and other popular holiday destinations in Europe. 

Invest in stocks and shares


Stocks and shares are a popular way to invest money. With the right amount of research, you could make an excellent return on your investment. However, it’s important to be aware that you could potentially lose money as well. If you are considering investing in stocks or shares, then it’s a good idea to choose low-risk options, especially if you’re a first-time investor. 

 

If you’re unsure how to invest your money, then consider contacting a financial advisor for expert advice. This will help ensure that you make smart investments and secure a good return. While it may be tempting to put all of your money into one investment, many experts advise against this and say that you should instead strive for diversity. According to financial experts at moneycrashers.com - “Successful investors typically own stocks and shares of various companies in various industries, with the expectation that a single bad event will not impact all of their capital.”

Fund a business venture


Funding a business venture is another popular way to invest an inheritance. If you have a strong business idea, then an inheritance may provide the perfect opportunity to set up your own successful company. Using personal savings to fund a business offers several benefits over seeking a business loan or financial support from an investor. For instance, you won’t have to worry about increasing interest rates and you can avoid anyone taking a share in your business. However, you must be aware of the risks involved and accept the possibility that you may lose money if things don’t work out as planned. You can increase your chances of business success by having a detailed plan in place, creating realistic business goals, and seeking advice from a business consultant if you lack experience or entrepreneurial skills. 

Posted by Mark at 9:21am

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