What Would I Do With £70,000?
A spam e-mail turned up in my Inbox asking me what I would do with a lump sum of £70,000.
I would have no hesitation and I would stick it into a peer-to-peer lender, that had a mechanism that protected my lump sum and gave me interest. Without doing the research, I think that is either Zopa or Ratesetter, at present. But there may be others with an equally safe risk profile.
Zopa, the one I know best, has given me the following.
1. A safe haven for my money, until I want to do something else.
2. 5.1% interest before tax.
3. The ability to either roll-up or take-out the repayments and interest.
4. You might also get invited to the occasional party to meet the team. You might meet mavericks like me there too!
Dont’t put your lump sum near any wunch of bankers. The Bank of Mattress is probably a safer investment.
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The Anonymous Widower 
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