£30000 how would you invest it?

[Strangecat]

If you had £30000 spare, how would you invest the money to grow it. Property is a great idea but how can I grow a portfolio?
Hit me with your ideas!

We need more info- what other savings and investments do you have? Pension? Any debts? Homeowner? How old are you? Do you have an aim for this money? How long can you tie it up?

(I wouldn’t touch property at the moment.)

Theres no way now I would invest £30k in a property (that's not to live in) now. I own one, I wouldn't do it again, especially with the Renters Reform bill coming in.

You need a minimum of 25% deposit for a BTL mortgage, and it's higher stamp duty, so by the time you have paid fees, etc, you're looking at a house worth 100k. In my northern area, that would buy you a 2/ small 3 bedroom property in the not so great area, bringing in £550-£600 a month, say £7k a year.
Tax on that would bring it down to £5.5k if you're a lower income earner. Any void periods reduce your turnover too.

Mortgage on that would be around £275 a month, if you're not an experienced landlord then £60 a month letting agent too. Insurances. So costs before any maintenance would be £4380-ish. (I appreciate some of this is an expense before tax, but still adds up).

Any maintenance would basically wipe out your profit.

Personally, I would be investing it in a stocks and shares ISA, in a global tracker, and trying to add extra to it every month. Let compound interest do it's job. I'm currently watching the Rebel Finance school stuff on Facebook/ YouTube, it's interesting and easy to learn.

Do you genuinely believe property is a great idea?

I think that suggests to me that you aren’t up to date on current financial trends.

You should see an IFA, it all depends on your personal circumstances.

Oh, and can you grow a property portfolio on 30k? In my opinion, no. To grow a portfolio, you either needed to start 20 years ago, or have the skills, the time and the funds to buy a complete wreck in a great location, and do it up enough so there's a lot of equity in it. In most residential houses, that difference in price does not add up to a great amount of equity, with even a small renovation not being worth it money wise nowadays.

Personally, I would throw 20k immediately into an ISA, but then this would depend upon if you’ve already used your ISA allowance, if you have a mortgage and if you could pay a chunk of this off without penalty etc.

Thanks guys for your replies.
I am in my 40s. DH and I own our property out right. business owner. We live in Hertfordshire.

And yes, I have no idea of the current property market. I have some money invested in shares but still clueless on how to best invest to maximise my return.

What would you guys do?

Global tracker inside a S&S ISA.

20k in a global tracker in a stocks and shares ISA. 10K in the best cash savings you can find. In April next year, add that 10k to your ISA.

I would put £20k in S&S isa on a low cost global tracker and the other £10k into my pension invested in the same / similar.

Do you have a pension as that's where I'd throw the money.