Notices
Non Scooby Related Anything Non-Scooby related

What would you do with about £50,000?

Thread Tools
 
Search this Thread
 
Old May 30, 2007 | 01:26 PM
  #31  
Leslie's Avatar
Leslie
Scooby Regular
 
Joined: Aug 2002
Posts: 39,877
Likes: 0
Default

Originally Posted by pslewis
Just a hypothetical question ......

Lets assume that the Premium Bonds are full to the limit - the ISAs are all loaded - shares have been bought for the long term and there is no mortgage or other debt to worry about.

Wasting it on cars, wine and women is not an option - Capital Growth would be nice, but an Income would be ok if no growth ...

What would you do?

Put it towards more property, ignoring the collapse which is about to hit us?
Good to see that you at last are honest enough to acknowledge the underlying hidden state of the economy. Why did he sell those gold reserves though-you never did answer that!

Les
Reply
Old May 30, 2007 | 03:56 PM
  #32  
GazTheHat's Avatar
GazTheHat
Scooby Regular
 
Joined: Aug 2005
Posts: 7,638
Likes: 0
From: 392/361 MY04 STi
Default

Invest in property abroad.

Plenty of options for the booms that are replicating the hay-days of the UK.

Plus when you're bragging about your LG & Classic, you can say you've property abroad.
Reply
Old May 30, 2007 | 04:23 PM
  #33  
stilover's Avatar
stilover
Scooby Regular
 
Joined: May 2005
Posts: 10,619
Likes: 0
From: Here, There, Everywhere
Default

£50k + £2-3k on choice options = New RS4

Failing that, I'd do the boring obvious, and pay off the Mortgage.
Reply
Old May 30, 2007 | 04:48 PM
  #34  
Paul3446's Avatar
Paul3446
Scooby Regular
 
Joined: Nov 2005
Posts: 3,236
Likes: 0
Default

Buy a house in Florida Pete, the property market is booming out there!
Reply
Old May 30, 2007 | 05:00 PM
  #35  
auto scooby's Avatar
auto scooby
Scooby Regular
 
Joined: Apr 2002
Posts: 1,760
Likes: 0
Default

Welcome to Zopa (UK) - The first lending and borrowing exchange
Reply
Old May 30, 2007 | 05:12 PM
  #36  
Maz's Avatar
Maz
Scooby Senior
15 Year Member
iTrader: (34)
 
Joined: Apr 2006
Posts: 15,884
Likes: 0
From: Yorkshire.
Default

Is this for real?
Reply
Old May 30, 2007 | 05:15 PM
  #37  
auto scooby's Avatar
auto scooby
Scooby Regular
 
Joined: Apr 2002
Posts: 1,760
Likes: 0
Default

Yes its for real.

I am averaging just under 7% return at the moment.

Some lenders are achieving above 10% return.
Reply
Old May 30, 2007 | 08:33 PM
  #38  
pslewis's Avatar
pslewis
Thread Starter
Scooby Regular
 
Joined: Jun 2000
Posts: 32,398
Likes: 1
From: Old Codgers Home
Default

Cheers all .......

In answer to the question on Premium Bond returns - I am currently getting 8.6% Tax Free!! Pure luck, of course, still good all the same!
Reply
Old May 30, 2007 | 08:52 PM
  #39  
pslewis's Avatar
pslewis
Thread Starter
Scooby Regular
 
Joined: Jun 2000
Posts: 32,398
Likes: 1
From: Old Codgers Home
Angry

Quote:
Originally Posted by firesorter

"after i`ve had you knee capped"


Originally Posted by pslewis
In typical Fireman fashion - you would get someone ELSE to do it!!

Lazy foookers
I get 2 Infraction Points for THAT!

Someone needs to get a sodding LIFE!!
Reply
Old May 30, 2007 | 08:59 PM
  #40  
Moley's Avatar
Moley
Former Sponsor
iTrader: (9)
 
Joined: May 2004
Posts: 10,884
Likes: 30
Default

Risky, but property abroad (as someone else mentioned) is an option.

A friend of mine has doubled his money buying property in Romania.

Not sure i'd risk it though
Reply
Old May 30, 2007 | 10:27 PM
  #41  
dnc's Avatar
dnc
Scooby Regular
 
Joined: Aug 2006
Posts: 1,224
Likes: 0
Wink

I'd hire a hit man (or would it be several hit men?)
DNC
PS only kidding Pete, SN would not be the same without you
Reply
Old May 30, 2007 | 11:23 PM
  #42  
DCR59's Avatar
DCR59
Scooby Regular
 
Joined: Oct 2006
Posts: 504
Likes: 0
Default

Land in this country, not property.

Example, 12 acres of agricultural farm land would cost you a few years ago £52620 (£4385 per acre).
It will then take you 4-5 years to convince planning to turn them into crofts -not houses. (I won't go into specific details here, but we were planning on 12x 1 acre plots).
You need to plant some nice trees and provide services, wind turbine energy is extra brownie points.

When you've done all that and obtained planning permission, you then sell 10 plots of land for £120k each.
Aim for the top end of the market, the owner will spend an extra £200k to build the house, and it's instantly worth £1/2 a million.

Job done
Dave.

P.S. Plots will officially be available from August 14th, but there's 4 sold already.
Reply
Old May 31, 2007 | 12:09 AM
  #43  
fast bloke's Avatar
fast bloke
Scooby Regular
 
Joined: Nov 2000
Posts: 26,619
Likes: 0
Default

Pete - for a man of your means 50k isn't worth bothering about. Even if you get a risk free 10%...... I think that adds up to about 1p a minute .
Reply
Old May 31, 2007 | 09:20 AM
  #44  
pslewis's Avatar
pslewis
Thread Starter
Scooby Regular
 
Joined: Jun 2000
Posts: 32,398
Likes: 1
From: Old Codgers Home
Default

I'm about to be Banned for a build up of Infraction Points following this thread

What a crock of **** the Infraction System is
Reply
Old May 31, 2007 | 09:34 AM
  #45  
16vmarc's Avatar
16vmarc
Scooby Regular
 
Joined: May 2004
Posts: 10,059
Likes: 0
From: Shell Garage, York
Default

PMSL
Reply
Old May 31, 2007 | 09:37 AM
  #46  
wrx-kris's Avatar
wrx-kris
Scooby Regular
 
Joined: Dec 2005
Posts: 1,390
Likes: 0
From: Manchester
Default

Originally Posted by pslewis
What a crock of **** the Infraction System is
they do seem to be handed out ***** - nilly!
can people who do that not be infracted themselves?

InfractionMan (new username for you!)


Reply
Old May 31, 2007 | 09:39 AM
  #47  
16vmarc's Avatar
16vmarc
Scooby Regular
 
Joined: May 2004
Posts: 10,059
Likes: 0
From: Shell Garage, York
Default

Can only posh members do that?
Reply
Old May 31, 2007 | 09:43 AM
  #48  
wrx-kris's Avatar
wrx-kris
Scooby Regular
 
Joined: Dec 2005
Posts: 1,390
Likes: 0
From: Manchester
Default

would appear so.........

wrx-kris, you do not have permission to access this page. This could be due to one of several reasons:

1. Your user account may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
2. If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.
Reply
Old May 31, 2007 | 12:29 PM
  #49  
pslewis's Avatar
pslewis
Thread Starter
Scooby Regular
 
Joined: Jun 2000
Posts: 32,398
Likes: 1
From: Old Codgers Home
Default

The Infractor should be named .........

Then we would see who the cowards are, who the cry babies are and who have 'issues'

NAME AND SHAME !!!!
Reply
Old May 31, 2007 | 12:31 PM
  #50  
unclebuck's Avatar
unclebuck
Scooby Regular
 
Joined: Nov 2002
Posts: 13,331
Likes: 0
From: Talk to the hand....
Thumbs up

sounds like you are the cry baby to me
Reply
Old May 31, 2007 | 12:43 PM
  #51  
jonc's Avatar
jonc
Scooby Regular
 
Joined: Apr 2002
Posts: 7,647
Likes: 22
Default

Put a deposit down on a few up and coming supercars with a long waiting list. Then over a period of time, sell your position on the waiting list for a profit!
Reply
Old May 31, 2007 | 12:49 PM
  #52  
pslewis's Avatar
pslewis
Thread Starter
Scooby Regular
 
Joined: Jun 2000
Posts: 32,398
Likes: 1
From: Old Codgers Home
Default

Originally Posted by jonc
Put a deposit down on a few up and coming supercars with a long waiting list. Then over a period of time, sell your position on the waiting list for a profit!
That used to work with MORGANS ...... does it still work?

AND I remember clever smartarses paying a deposit on a Jag XK220, a heafty deposit, in the hope of selling their place in the queue.

It all went ****-up and no-one wanted the car ...... they lost ££££££££££££'s!

I didn't get where I am by taking silly chances
Reply
Old Jun 1, 2007 | 02:52 PM
  #53  
Leslie's Avatar
Leslie
Scooby Regular
 
Joined: Aug 2002
Posts: 39,877
Likes: 0
Default

The infraction system is not only useless but a positively bad thing.

It should be stopped!

Les
Reply
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
BlueBlobZA
Member's Gallery
30
Jul 25, 2016 09:14 AM
Maxwell Straker
ScoobyNet General
2
Feb 9, 2001 05:38 PM
Geezer
ScoobyNet General
12
Feb 27, 2000 01:26 PM




All times are GMT +1. The time now is 10:10 PM.