Quote:
Originally Posted by seekingadvice999
inherited wealth from parents
a fully paid up terrace (FH)- valuation abt 3.5mio
a fully paid up 99 year condo (currently renting out @ 3.5k pm) valuuation abt 1.5mio
inherited cash - 1.5mio
inherited investment (mf, equities, bonds) - 1 mio
staying in a FH terrace (with a loan of 1mio)
own cash -1 mio
own investments (mf, equities, bonds , fx) - 1mio
income - 350k pa
2 cars - fully paid
husband & wife
age: mid 30s
we are lost, not sure what to do with the sudden inherited wealth......any suggestions.
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Bro,
It is good that you are seeking advice. From your lingo, I guess you (or your missus or both) is in the finance sector, so you already know the range of products out there. If the inheritance is recent, the rule is to sit on it for some time. But, like in trading, it can get a bit difficult because we all want to "do something". Sit on it until you are not thinking of it so much. When it is not in your mind or in your conversations so often, you will be in a clearer state to deal with it. Also avoid the temptation to become the investor in a friend's new business idea and instantly transforming yourself into a business owner. If you are not a already private banking client, there is no real need to become one. Lots of time for that later.
