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'How should we invest our £900,000 cash pile?'

Portfolio Clinic: Our reader has a lot of assets but wants, and needs, to get more from his mountain of cash. Dave Baxter explores the options
'How should we invest our £900,000 cash pile?'Published on November 22, 2024
  • Jay and his wife have amassed huge wealth but would like to do more with the cash currently sitting on the sidelines
  • What's the best way to use the cash, and the existing assets?
Reader Portfolio
Jay 63
Description

Isas, pensions, cash, property

Objectives

Optimise portfolio and manage tax liabilities

Portfolio type
Investing for growth

For those approaching retirement age, there’s normally plenty to be thankful for: in some cases that includes a lifetime’s worth of saving and mortgage-free properties. But the need to get the most out of savings and investment, and manage any tax liabilities, means there are still plenty of loose ends to tie up. That’s the chief concern for Jay, who is 63 and now runs a ‘hobby business’ with his 61-year-old wife Jen.

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