Interest
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Originally Posted by Nat21
Lol at all the Snet whingers and doubters 
....like i already said above i have no reason to disbelieve my folks about this, in fact i know they've already spent the ~£10K on a couple of new bathrooms and reinvested the original money in another property abroad. Ditto my mates,they also have nothing to prove to me. I wish i had that sort of cash but until i do (and prob not even then) i'm sure you can understand that i won't be asking my family/friends the finer details of their financial affairs. 
....like i already said above i have no reason to disbelieve my folks about this, in fact i know they've already spent the ~£10K on a couple of new bathrooms and reinvested the original money in another property abroad. Ditto my mates,they also have nothing to prove to me. I wish i had that sort of cash but until i do (and prob not even then) i'm sure you can understand that i won't be asking my family/friends the finer details of their financial affairs. , but not with a risk-free or low risk investment vehicle. Investing in property in a foreign country is not risk-free nor even low risk for that matter. Some would actually even consider 10% too low a potential return for that sort of undertaking. 
If you want to retract your "risk-free" comment then feel free to back-peddle whilst noone is watching!
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Originally Posted by Suresh
A 10% return is possible , but not with a risk-free or low risk investment vehicle. Investing in property in a foreign country is not risk-free nor even low risk for that matter. Some would actually even consider 10% too low a potential return for that sort of undertaking.
If you want to retract your "risk-free" comment then feel free to back-peddle whilst noone is watching!
, but not with a risk-free or low risk investment vehicle. Investing in property in a foreign country is not risk-free nor even low risk for that matter. Some would actually even consider 10% too low a potential return for that sort of undertaking. If you want to retract your "risk-free" comment then feel free to back-peddle whilst noone is watching!
) can go and relax in. The house abroad wasn't the investment. They only mentioned all the above to me when i expressed complete shock that they'd spent a lot of money on the bathrooms to which my Dad explained that in effect they'd got them free being paid for by the return from the original sum that was invested for a year. And brethe 
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Guess they must be showering and bathing in pure fantasy water then
If you don't think someone who's spent 45+ years working with money/accounts/investments etc could safely make a fair bit more than the average high st account would return then that's upto you. I don't believe loads of stuff on Snet either so I equally see where you're coming from and equally aren't bothered if people don't believe it. Either way i still don't have a hundred K,boooo
If you don't think someone who's spent 45+ years working with money/accounts/investments etc could safely make a fair bit more than the average high st account would return then that's upto you. I don't believe loads of stuff on Snet either so I equally see where you're coming from and equally aren't bothered if people don't believe it. Either way i still don't have a hundred K,boooo
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Originally Posted by Nat21
If you don't think someone who's spent 45+ years working with money/accounts/investments etc could safely make a fair bit more than the average high st account would return then that's upto you. I don't believe loads of stuff on Snet either so I equally see where you're coming from and equally aren't bothered if people don't believe it. Either way i still don't have a hundred K,boooo
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Originally Posted by Nat21
Guess they must be showering and bathing in pure fantasy water then
If you don't think someone who's spent 45+ years working with money/accounts/investments etc could safely make a fair bit more than the average high st account would return then that's upto you. I don't believe loads of stuff on Snet either so I equally see where you're coming from and equally aren't bothered if people don't believe it. Either way i still don't have a hundred K,boooo
If you don't think someone who's spent 45+ years working with money/accounts/investments etc could safely make a fair bit more than the average high st account would return then that's upto you. I don't believe loads of stuff on Snet either so I equally see where you're coming from and equally aren't bothered if people don't believe it. Either way i still don't have a hundred K,boooo
Think about it for a second...if this investment is as good as you claim, then you don't need £100k in the bank...simply borrow at 6%, invest for a 10% return and make yourself a fortune.
Gary.
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From: just simple old me
Exactly Gary and out of all that easy money you would be making you could also buy the number plate of sarasquares for 15k-but that thread was just as much bollocks as this thread is in the main.
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Buy to let, just remember some of the following :
- CGT
- tax on rental income (can be minimised of course!)
- voids
- repairs & maintenance
- BTL mortgage rates
- annual checks
- agency fees (if used)
- problem tenants (believe me, even the nicest tenants cause probs!)
...and finally :
- hassle factor. BTL and being a landlord uses up time, and if your time is money.........
etc etc. 10% may be attainable, but definitely not guaranteed, and therefore, not safe for someone looking for a safe haven.
- CGT
- tax on rental income (can be minimised of course!)
- voids
- repairs & maintenance
- BTL mortgage rates
- annual checks
- agency fees (if used)
- problem tenants (believe me, even the nicest tenants cause probs!)
...and finally :
- hassle factor. BTL and being a landlord uses up time, and if your time is money.........
etc etc. 10% may be attainable, but definitely not guaranteed, and therefore, not safe for someone looking for a safe haven.
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From: 32 cylinders and many cats
5.25% gross is about the best I can find. Once you take off tax and inflation the returns are about zero in real terms. I too would pay dearly for 10% risk free!
Considering rental - we are paying less than 3% of the value of the house we are living in per annum to rent it. So I'm not going to buy rental property - or any property just yet... I'd rather share the landlord's expectation of capital growth with a discount off my rent (or is the property overvalued perhaps??
) I think the BTL thing has happened, and getting on now is suicidal, you'll be the last fool inflating the bubble before it pops, and you'll have a heavily geared investment waiting not just to bite you on the **** but chew your **** and both legs off.
Considering rental - we are paying less than 3% of the value of the house we are living in per annum to rent it. So I'm not going to buy rental property - or any property just yet... I'd rather share the landlord's expectation of capital growth with a discount off my rent (or is the property overvalued perhaps??
) I think the BTL thing has happened, and getting on now is suicidal, you'll be the last fool inflating the bubble before it pops, and you'll have a heavily geared investment waiting not just to bite you on the **** but chew your **** and both legs off.
Last edited by john banks; Nov 4, 2006 at 10:32 AM.
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From: Lincolnshire
Nat21,we dont doubt what you say but how about asking your dad for some details.
Best i know of is around 5% in a cash ISA then things like the Halifax web saver at 4.75% gross. If say you had 30k in the cash ISA (which would be 10 years deposits) and 70k in a high rate savings account (say 5% gross) then that would give you approx 4.3k per annum income after tax.
If anyone can get much better than that let me know.
(not property or shares though)
Best i know of is around 5% in a cash ISA then things like the Halifax web saver at 4.75% gross. If say you had 30k in the cash ISA (which would be 10 years deposits) and 70k in a high rate savings account (say 5% gross) then that would give you approx 4.3k per annum income after tax.
If anyone can get much better than that let me know.
(not property or shares though)
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From: Lincolnshire
Originally Posted by john banks
5.25% gross is about the best I can find. Once you take off tax and inflation the returns are about zero in real terms. I too would pay dearly for 10% risk free!
Considering rental - we are paying less than 3% of the value of the house we are living in per annum to rent it. So I'm not going to buy rental property - or any property just yet... .
Considering rental - we are paying less than 3% of the value of the house we are living in per annum to rent it. So I'm not going to buy rental property - or any property just yet... .
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From: From Kent to Gloucestershire to Berkshire
I looked into the risk free, instant access type things when I had equity from the house kicking around for a few months. After tax etc, £180k ish was earning me about £600/month in a standard high interest internet saver account, IIRC presently just over 5% gross for interest paid monthly. £3k in a cash mini-ISA for a few months wasn't worth the effort, if you're investing for longer, it is.
Nat21 - As for the "10% easy, risk free" - I don't think anyone much is debating that your parents managed to gt 10% by some canny investing. It just isn't risk free. I've made upwards of 40% in a year on some of my ISAs - but there was a spot a few years back when they roughly halved in value over the course of 2 years. Bigger returns, higher risk.
Nat21 - As for the "10% easy, risk free" - I don't think anyone much is debating that your parents managed to gt 10% by some canny investing. It just isn't risk free. I've made upwards of 40% in a year on some of my ISAs - but there was a spot a few years back when they roughly halved in value over the course of 2 years. Bigger returns, higher risk.
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From: Shropshire
I've got a big chunk of cash in a Halifax 'Managed Fund' - it's split between Gilts, FTSE, Overseas (mainly Japan) & a few other I can't remember now......I think its split 6 ways
It's a std high street thing although you have to see a proper advisor, not a counter muppet.
The year before last (ish, its a funny year break) it made 17%, last year it made 8%......next year it might make FA......parts of it a relatively risk free....gilts etc, but other parts are more risky, eg the overseas portion.....so it not a risk free investment, but Halifax call it 'Medium risk'....my ISA's make next to FA......in comparison.
So you can get high street investments easily that make 10%, but risk free they are not. They might be 'padded' against risk, but most of it is still pretty much stock market dependant.
I don't have to think about it, every six months or so I get a phone call to make an appointment to make sure I understand where my money is, and if I want to adjust the ratio of of the split, ie more in gilts (safe) or more overseas (risky), but generally its fit & forget.
It's a std high street thing although you have to see a proper advisor, not a counter muppet.
The year before last (ish, its a funny year break) it made 17%, last year it made 8%......next year it might make FA......parts of it a relatively risk free....gilts etc, but other parts are more risky, eg the overseas portion.....so it not a risk free investment, but Halifax call it 'Medium risk'....my ISA's make next to FA......in comparison.
So you can get high street investments easily that make 10%, but risk free they are not. They might be 'padded' against risk, but most of it is still pretty much stock market dependant.
I don't have to think about it, every six months or so I get a phone call to make an appointment to make sure I understand where my money is, and if I want to adjust the ratio of of the split, ie more in gilts (safe) or more overseas (risky), but generally its fit & forget.
Last edited by Dr Hu; Nov 5, 2006 at 12:12 AM.
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