[Moorf]

Ok... you've all been given £75K.

The money is still in an account in the UK.

You live in NZ and have already bought a house.

What would YOU do with the dosh???

[Carol]

If I had a mortgage - I would pay it off.
If not.....I think I'd buy myself a business.

[foolsgold99]

I'd help others less forunate than myself

but in my more realistic moments, I'd set aside 6 months income for a rainy day fund, assuming no mortgage or other debt, I'd travel

[bob_the_engineer]

I’d put the lot in a big box and post it straight to Bob_the_engineer, good advice, don’t you think?

(well I can try)

Bob

[Timbo]

I think I would be tempted to invest it in property in NZ as a pension pot. A few acres planted up with a cash crop that would take a few years to mature would do nicely.

[Bubbles]

Along the same lines as Timbo, invest it in land.

[Carol]

If I was going to invest I think I'd choose forestry - for all sorts of reasons.

[selchie]

I'd invest it, possibly in mutual funds or as a down payment on more real estate. Consider something that will make more money than it will save by paying off a mortgage or whatever.

In my case, I received some money when my dad died. At first I thought I'd pay off our mortgage (6.75%), but found a "safe" mutual fund that has made at least 10% per annum - thus, approximately a 3.25% total profit. Since then, I've spread some of that money into more profitable mutuals (health & energy). I had thought about buying rental properties when local land was cheap, but didn't want the extra demands on my time. If only I had - prices have doubled in about 4 years (hindsight and all that).

The dividends have helped finance travel and other fun, and I've still got a bit more than what I inherited.

[Moorf]

Thanks everyone, interesting to see what other people's thoughts were :nice1

[clg]

I would put it into a bach with a small mortgage if needed. Something we could enjoy some and we would also list it and try and rent it out a little bit.

[Tara Sage]

I would go on holiday, travelling round NZ for a couple of months, save a bit and put the rest against the mortgage.

[jubjub]

Hmm, its nearly three years kiwi wages at current exchange rate, it would not pay off our mortgage, but we could take a year off work, still afford to pay the mortgage, and travel. Better still we short term rent the house to cover the mortgage and treat ourselves to something nice as well, maybe a small boat?

Either that or pay for first/business class flights for all four of our parents who are scared of flying so they will visit us, and find nice hotels for them all. (house not big enough for all of them at once!)

[eric_amanda]

Put it in high interest in the UK or offshore until the exchange rate improves. Once it does move it over to NZ. If we had a mortgage I would pay it off, if not I would invest in either a business or land or both, the cash crop is a good idea, Avocado's pay well, but that could change. Somebody recently told Eric about a fruit that is not common here yet, but is apparently a good cash crop worth investing in for the future...it is Cherimoya...look a little like an avocado...pretty new to NZ and I have been unable to find any of the fruits in the shops...but will keep looking.

Amanda

[Jules]

I would buy a boat and go fishing every weekend

Jules

[veronica]

I know that I wouldn't change it from £ to $ at the moment.

[adamsat]

Buy some olive groves - there's some for sale near Oxford at $29k per acre so £75k is..........a lot of olives