View Full Version : Best way of investing cash?
Mattyboy
10-20-05, 02:11 PM
Whats the best thing to do to invest money giving me a guaranteed return at a later date and getting access to it without having to wait years if i need it?
Putting down a lump sum, paying so much per month, premium bonds, high interest accounts etc etc...
What are your views?
dvtimes
10-20-05, 02:28 PM
invest it
it depends in the amount
if i had £90k or more, i would buy a house and rent it, and keep it long term
under 90k probably shares
of course if you have the time, i would use iit to set up a business
but then again if bird fle kicks in, it could knock everything into touch
but property has always been a safe bet, as long as its not next to the sea or a river.
Whats the best thing to do to invest money giving me a guaranteed return at a later date and getting access to it without having to wait years if i need it?
Putting down a lump sum, paying so much per month, premium bonds, high interest accounts etc etc...
What are your views?
In a rising property market then property every single time but at the moment I would advise premium bonds. You get a good return if you are lucky, all tax-free plus you get the capital back as soon as you need it.
High interest accounts are great if you plan to lock the money away for a set period but the penalties for early release need to be looked at. Stock market looks a bit high now that its way over the 5000 mark and I would worry that there is going to be a correction.
mellenig
10-20-05, 02:31 PM
Ive invested mostly in property for the rental market and over the last couple of years small businesses that are mostly staff run. Although much risker than your normal investment they have given me a better return.
Also it has given me a couple of businesses that I would like to expand on and devolp over the coming years as the adult business changes.
I guess it all depends on how much risk you want to take with your investment and how much time you have on your hands.
if i had £90k or more, i would buy a house and rent it, and keep it long term
Without the rising house prices renting only brings at best a 4% return and if you buy to rent now you *may* find that you need to keep the place for 5 years to even break even.
How much you wanna spend? If you have serious money, buy a piece of land in Cuba, then wait untill Castro dies. When he's dead, borders will open up to the world, even the US. Watch what happens to the tourist industry:-)
Mattyboy
10-20-05, 02:34 PM
Thanks guys. Premium bonds were the highest on my list.
I made a tidy amount on property over the last few years and we now have a nice house we live in so not enough cash/time for more renovation property.
Also considering opening a shop but its a risk.
mellenig
10-20-05, 02:34 PM
Without the rising house prices renting only brings at best a 4% return and if you buy to rent now you *may* find that you need to keep the place for 5 years to even break even.
Yes thats true. I purchased in 99/00 before the boom took hold.
Yes thats true. I purchased in 99/00 before the boom took hold.
Apart from the one left unsold at the moment we hope to have that on the market by mid December at the latest all being well. You really need at least a five year run with house prices going up with property rental as the possible problems are a pain.
I dream of having cash to invest ;)
xcite-tv
10-20-05, 02:55 PM
Yes thats true. I purchased in 99/00 before the boom took hold.
am i wrong or did the current boom not start in the early 90's
actually i bought in 1875 so should be getting a nice 3500% rise when i sell
I would put my money in Drugs...if you can buy direct from say Columbia
then chop it about a bit you can turn say £40k (about two kilos)
into 3 kilos and wholesale it easily for £60k
if you retailed then you could get £70-80k but much haredr work
I think there might be a few teething problems to start. Like getting your hands cut of at the wrists oh and the old bill may be interested.
But hey is it as bad as the tax and VAT people
Invest it in Vintage wine. you can keep it in bond and so there is no VAT or temptation of drinking it ;) The one thing wine has over all these other investments is that you can never bring a year back. so if 1963 was a good year for such and such, not only have you got the fact that its getting older and more collectable. You also have the fact that as people drink the bottles the wine gets more expensive. You cant bring back the year 1963. You dont have to even learn about wine. There are plenty of places that will help you and charge you a small commision and store it for you for next to peanuts. Plus if the mrs leaves you and tries to take 1/2 you just sit there and drink it with your mates :cheers2:
Mattyboy
10-20-05, 03:42 PM
We have an outbuilding (double storey) in the back of garden.
If we convert this to granny flat/office space we'd obvioulsy have to get planning permission and pay more council tax etc.
If i were to use it for storage for stock for a shop, would i have to pay any business fees or anything?
No trading would take place here - only storage.
mellenig
10-20-05, 03:57 PM
am i wrong or did the current boom not start in the early 90's
actually i bought in 1875 so should be getting a nice 3500% rise when i sell
I would put my money in Drugs...if you can buy direct from say Columbia
then chop it about a bit you can turn say £40k (about two kilos)
into 3 kilos and wholesale it easily for £60k
if you retailed then you could get £70-80k but much haredr work
I think there might be a few teething problems to start. Like getting your hands cut of at the wrists oh and the old bill may be interested.
But hey is it as bad as the tax and VAT people
Not in this area in the late 90s you could still buy a whole street of terraced houses for under 50k at auction.
We have an outbuilding (double storey) in the back of garden.
If we convert this to granny flat/office space we'd obvioulsy have to get planning permission and pay more council tax etc.
If i were to use it for storage for stock for a shop, would i have to pay any business fees or anything?
No trading would take place here - only storage.
Not as far as I know. I think that if it is just for storage you are ok.
Not in this area in the late 90s you could still buy a whole street of terraced houses for under 50k at auction.
What would the value per house be now?
Mattyboy
10-20-05, 04:58 PM
Not as far as I know. I think that if it is just for storage you are ok.
thanks
mellenig
10-20-05, 05:29 PM
What would the value per house be now?
About the 70-80K mark, they needed modernisation at the time but still a good investment.
There is still good potential in this area for property investment. Just round the corner from us a house was sold quite run down but with a lot of land for 145K. They have remodernised the house and sold it for 175 plus built 2 houses on the land which are up for sale for 149.
About the 70-80K mark, they needed modernisation at the time but still a good investment.
There is still good potential in this area for property investment. Just round the corner from us a house was sold quite run down but with a lot of land for 145K. They have remodernised the house and sold it for 175 plus built 2 houses on the land which are up for sale for 149.
It will be interesting to see what happens over the next five years. Shortage of land and at some point the increasing demand will start the rises again but at the moment a lot of buy-to-lets are being dumped onto the market and if those have borrowings against them they will become more and more desperate to sell.
We are living in interesting times.
xcite-tv
10-20-05, 05:55 PM
Not in this area in the late 90s you could still buy a whole street of terraced houses for under 50k at auction.
I thought you still could ...
Shandy McAndy
10-22-05, 06:20 PM
I thought you still could ...
you can in Scotland. But then you cant sell them again :mad:
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