What should I do?

[Doughnut]

Before anyone hate posts about me trying to gloat. this is far from it. I simply want some advice on what other people would do and what they think is best.

I am aware that there will be a sum of money coming my way when my grandmother dies but I have a small issue. I'm unsure on what to do with it, before anyone comments 'Buy my server, buy my builds, buy my OG's' That is not what I want. I want to make use of her money to potentially profit myself and make better gains within the future.

Some friends said I should hold it in property (With my family assistance ofc)
Some people said I should hold it in shares (Although not stating which shares)
Even one friend said I should max at £30,000 of premium bonds (Like Lottery (Hard to explain) https://www.nsandi.com/premium-bonds)

I just wondered if there was anyone else who had opinions or maybe knew a better way to invest.

 

[Doughnut]

you could potentially invest small amounts into networks on the market, (small bits) then convert them to BTC and buy some stocks. Or, you could use it to fund your own business,

I was debating starting my own business, however, waiting to expand my knowledge etc. I don't really like BTC because I know too little about Crypto plus the fact I don't really trust BTC ETH etc.


The Majority of the Networks on this market to be blunt are pretty trash and the decent ones are requiring 200-300$ Which Id rather not risk even with the amount I'm due to inherit.

 

[Doughnut]

200-300 isnt much to invest.

I'm aware but Id rather not send out (from what I've seen) 200-2000$ in investments to be blunt once more 'Kids' who are either not going to use it properly and run around gloating they have 2k USD or kids that will use it and then not repay.

 

[Ally]

Seriously, just save it. You have no clue what will happen with it and if it goes, you've lost everything that your grandmother gives/gave you. So save it in a bank. Leave it sitting there. When you're ready to use it; i.e. getting a deposit on a house or getting a car, use it. But if you don't need it, don't use it.

 

[Doughnut]

Seriously, just save it. You have no clue what will happen with it and if it goes, you've lost everything that your grandmother gives/gave you. So save it in a bank. Leave it sitting there. When you're ready to use it; i.e. getting a deposit on a house or getting a car, use it. But if you don't need it, don't use it.

Yeah, I was drawn to investing in a property as it might get me or the market at a younger age which would be handing so I don't have to worry about renting I can move into one I've already paid the deposit on and progressively paid off more and more.
Was speaking to my dad and he was saying about going in together and purchasing like 50% of a house and then having a 50% mortgage on the house and then what he has remaining on the one we are in, therefore using the rent to continue paying off the 50% Mortgage house and his income to pay off the one we live in.

 

[Zeiyon]

As someone who started getting a lot of money and didn't know what to do with it, I think I have a bit experience with this.
My advice, don't spend it, or 'invest' it. You're probably pretty young, so you don't have much experience with investing, so it's not good to spend such a large amount of money just to get experience.
What I would say is to keep it all in a bank, and only limit yourself to using some set amount a month. Maybe $50, maybe $500.
Then use that money for your ventures. This way, your money won't be used up in a flash, and you'll get a lot of experience.

When I started getting a lot of money, I just thought it was going to stay like that. Like, I'm never just going to keep getting richer and richer. Sadly, that is nowhere near the truth.

 

[Luigical]

Before anyone hate posts about me trying to gloat. this is far from it. I simply want some advice on what other people would do and what they think is best.

I am aware that there will be a sum of money coming my way when my grandmother dies but I have a small issue. I'm unsure on what to do with it, before anyone comments 'Buy my server, buy my builds, buy my OG's' That is not what I want. I want to make use of her money to potentially profit myself and make better gains within the future.

Some friends said I should hold it in property (With my family assistance ofc)
Some people said I should hold it in shares (Although not stating which shares)
Even one friend said I should max at £30,000 of premium bonds (Like Lottery (Hard to explain) https://www.nsandi.com/premium-bonds)

I just wondered if there was anyone else who had opinions or maybe knew a better way to invest.

Ever consider college?

 

[blob]

save it or invest

 

[Doughnut]

As someone who started getting a lot of money and didn't know what to do with it, I think I have a bit experience with this.
My advice, don't spend it, or 'invest' it. You're probably pretty young, so you don't have much experience with investing, so it's not good to spend such a large amount of money just to get experience.
What I would say is to keep it all in a bank, and only limit yourself to using some set amount a month. Maybe $50, maybe $500.
Then use that money for your ventures. This way, your money won't be used up in a flash, and you'll get a lot of experience.

When I started getting a lot of money, I just thought it was going to stay like that. Like, I'm never just going to keep getting richer and richer. Sadly, that is nowhere near the truth.

Really useful comment, so did you continue to excel and did your ventures go well?[DOUBLEPOST=1539456012][/DOUBLEPOST]

Ever consider college?

University for me (UK College is free) and I have but I don't think it's for me.

 

[Crimvael]

I would put $1000 off to the side for an emergency fund, and invest the rest.

 

[Doughnut]

I would put $1000 off to the side for an emergency fund, and invest the rest.

Invest in what?

 

[MTG]

Waiting for your grandpa to die to take her money and thinking already about what you should do with it.

How rude can you be?

This world is fucked up.

 

[Crimvael]

Invest in what?

Real Estate, Stock Market, etc.

 

[Doughnut]

Waiting for your grandpa to die to take her money and thinking already about what you should do with it.

How rude can you be?

This world is fucked up.

It's not that I'm waiting for her to die. I don't wish that upon my grandmother. It's just preparing for the future.

 

[Eisenbahnn]

Depending on your age, I'd say to invest in yourself. Not meant College, as you stated it's free in your country, but perhaps, you could start some short courses (in your area or not), other languages classes or even travel abroad for your experience. Some might disagree telling you traveling isn't an investment, but depending on your plan, it could open your eyes and doors for you.

As far I can record, you are under 16~. This is good for investments. Starting investing when you are young is wonderful.
I'd start watching some youtube channels about your country's investments or reading about them. You got time for this.

I know what i'd do here in Brazil, but this could be totally wrong for your scenario.

IF you are up to invest in minecraft area, HMU, I'm into that area too nowadays.

 

[Azdog]

It's not that I'm waiting for her to die. I don't wish that upon my grandmother. It's just preparing for the future.

My Grandma is 93 I’m not even thinking about that, it’s just rude and greedy.