HACKER Q&A
📣 100kaythrowaway

What to Do with £100K ($132k)


Hi HN!

I have a main account but am using a throwaway for hopefully obvious reasons.

The background to my situation is:

I'm younger than 34 years old. I recently split with my partner and will get about £100,000 after selling the house.

I have a daughter (younger than 4 years old), but otherwise no obligations.

I have been living in the South West of the UK (Cornwall) but have temporarily relocated to East Europe in order to save money and also create a 'clean break' financially from my former partner who has tried various underhand means of extracting more money from me (while she both didn't parent or work during the relationship; long story).

I earn circa £100k/year via a limited company for tax reasons.

My question to ya'll is therefore:

What would _you_ do with £100K?

- Invest nearly all of it? - Get an apartment that I AirBnb? - Spend it on beanie babies / NFTs? - Keep it in the bank? - Something else?

I'm very curious to harness the collective hive-mind of HN-ers; an eccentric community I respect.

Potentially relevant side-note:

I would like to buy my own property again one day, especially when I relocate back to the South West of the UK (in the next 12 months I suspect). But on my salary, saving for a mortgage deposit shouldn't be too difficult anyway.

  👤 sigmaprimus Accepted Answer ✓
Gold is looks promising for 2022/2023 and depending which country your in, you can avoid VAT. The good and bad with holding physical gold is it is both safe and dangerous to hold because it is very liquid and can be sold quickly without many questions. I would probably allocate 15%-20% of Your 100K and pick up 10 1 ounce coins (Probably go with Britannias or Philharmonics for Europe), which would take up less space than a D Cell battery and be easy to hide. You probably wont get rich from them but gold makes a great security blanket or seed to get back into the real-estate market when you choose to do so.
👤 tsukikage
If you don't urgently need it, invest it.

Index linked funds outperform all other forms of investment in the long term.