Inheritance

Hi biz, first time on this board.

Just found out I'm inheriting £5k from my grandma. What do I do with it?

The most money I've ever owned at once is £400 so I have no idea what I'm gonna do with this

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have you heard of digibyte?

this x 100k

Nope

put it all in DGB senpai, then check back this time next year to collect your lambo

you can easily turn that 5k into 40 off dgb if you buy in quickly

dont listen to any of these memes just look to put it in bitcoin. watch for a week see if it comes down then buy.

What the fuck are you guys saying lol, like I literally have no knowledge in finances and investing. How do I go about doing any of this shit and why?

you should leave Veeky Forums immediately if you want to have any of that nest egg left by the end of next month. I'm extremely serious.

DONT INVEST IT IN CRYPTO
Only invest what you can afford (and are willing) to lose. If you really want to invest it in something, do this:

$1000 in crypto (mostly bitcoin)
$3000 in vanguard
$1000 in a savings account

Don't touch what's in vanguard for 2-3 years. Don't touch what's in crypto for 6 months
Don't touch what's in savings account except for emergencies.

Buy an antminer

Why tho

That's a pretty cool idea thanks

pretend the crypto is already gone but maybe the sun will shine
mutual funds/etfs are fairly relaible moderate growth
savings account because you're not a fucking moron

90% bitcoin 10% litecoin
forget about it for 5 years

>Why tho
Crypto - gains
Vanguard - interest
Savings - money to spend day to day so you don't touch the other two.

antminers are barely profitable now, and certainly wont be in a years time

Wtf is crypto and vanguard though? I don't feel like I stressed enough that I have zero knowledge in any of this shit and its my first time on this board

google bitcoin
google mutual funds
google hello im new to investing

Oh I thought you meant ant farms nevermind

buy silver

Crypto = bitcoin. Wait for a good dip in the market and buy some of it via coinbase.

Vanguard - mutual fund, basically. Solid returns year after year. Google that shit and send them your dollarydoos before you blow it on gay shit.

I mean that's pretty much the reason I came to this board, if you guys are just gonna tell me to fuck off and ask somebody else then idk why you even replied to my thread

Don't come to Veeky Forums unless you've got thick skin. I told you everything you need to know at

we do mean ant farms

OP i'm guessing you are UK based, therefore open up a stocks and shares ISA at Hargreaves Lansdown.

Once done put your money into an ETF fund such as HSBC FTSE 250 Index, Legal & General International Index or anything on the wealth 150 list. Leave it for 5-10 years

Like those cool little glass trays with lots of dirt and ants in it and you can see the ants making tunnels and stuff. I think I had one when I was a kid but I forgot I had to give them food so they all died

What will happen in a decade then

Naw I go on Veeky Forums all the time, like I said a couple of times I'm new to this board lol

you will have grown your 5k

By like how much though

I cant predict that.

maybe like 60-80%?

if you're smart you can expect something like 10% annual growth

What if I'm below average

My sweet summerchild

That was obvious by your posts. Go back to /v/ or whatever shithole you hail from if you aren't gonna even try to learn for yourself, faggot.

Stop posting her, it hurts.

I like how you left the 'k' off the 40, so technically what you say is true ;)

...

Who's that girl

My sister

>Just found out I'm inheriting £5k from my grandma. What do I do with it?

UK small cap fund in an ISA tax wrapper

Forget about it for a few decades

iii.co.uk/investing/factsheet/UM62/schroder-institutional-uk-smaller-companies-inst-acc

I WANT VANGUARD HELP SENPAI
i want vanguard but when i get to their site i get so many different services they offer it confuses me.

i'm simply looking for an account i can deposit funds to and they pay me montly a percentage of interests and i can deposit money in the account on any time.

READ IDIOT. GO TO PERSONAL INVESTMENT YOU FUCKING RETARD

>get a wealthy relative to die
>get >10k inheritance
>invest in small cap admiral shares

Alright OP, a little spoonfeeding
Veeky Forums is currently gung-ho about cryptocurrency, a new form of digital money secured algorithmically, because the total amount of money in the space has increased by 5 this year. Some Veeky Forumsraelis have made 10x, 100x, even 1000x returns on their money, and there's a resulting collective madness. Cryptocurrency is highly speculative. Many think this is the future of money, just as many think this is horseshit. There's heaps to learn about the stuff, you have to use google if you want to get anywhere. Would not suggest to put too much of your money in it, if you end up liking the idea throw £100 in bitcoin and ethereum but no more until you get more comfortable with how it works.

Otherwise, you've got investing in the stock market. You don't want to try trading, and you don't want even an expert trader to manage your money; the market outperforms most humans in the long run. Look up "index funds" instruments in your country, ideally with fees under 1%, and try to find something tax deductible as well. You can expect annual returns of 4 to 7% per year, so this is more of a long run thing, and relies on the belief your country won't face a collapse for the next 10, 20, 30 years. But it is the safest investment around by today's standards.

Yet another option is also to stick everything in an accessibe savings account keeping up with inflation. 5k will not turn to riches regardless of your investment vehicle, but it's good "oh shit" money for any curveball life throws at you.

Good luck.

Quality post, listen to this user

that or just buy bitbean