45M, 60K Recent losses. Tell me how to recover.
I am 45M and recently made a loss of 60k from a failed side business venture which is now closed.
I want advice on how to invest so the loss is recovered quickly via other alternative investment means.
Current income from day job is 115k (incl employer pension) plus 10% year end bonus. Partner earns 60k plus 20% bonus.
Current savings (combined)-
Pension- 400k
ISA- 100k
House equity- 200k
Extras- 10k + 50k soon
Current total pension fund contribution including employer contribition is roughly 5200 per month combined for both me and partner. (Increased contributions recently)
I will soon be unlocking some 50k from an asset sale.
Need to know how to invest this 50k plus roughly 2k per month that we can spare each month towards savings.
What was supposed to be a side hustle turned into a disaster and need to know the best and quickest way (low to medium risk) to recover 60k losses over time.
(Casino is not an option!)