[Wicked_and_Crazy]

Property is the way to go if you dont need access to the capital. Its relatively well protected plus you get a regular income.

Your not going to get much for 50-70k though. If i were you i'd look to buying a house that you rent out. Yes you may need a mortgage to buy the house but you could look to buy a house with a good depost and then let the rental income pay the mortgage. Obviously you wouldnt be getting an income to spend but you would end up in a number of years time owning a property with a value far in excess of your inheritance.

Couple of things to be aware of. Check on what you need to do in order to avoid capital gains tax on the property if you were to sell it. It used to be the case that you had to live in it for a period of time. Also if your going to use the rental income to fund the mortgage, budget on the basis that the house is empty for 3 months a year. That way if it is empty you can still pay the mortgage with you excess income and if its not empty you'll build up a nice fund for any rerpairs.