160K to invest
27 June 2006, 10:16 PM
#1
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160K to invest
how would you invest 160k
you have a nice car already
you have NO job
and you have 120k morgage
what would you do ?
not to serious just wondering
you have a nice car already
you have NO job
and you have 120k morgage
what would you do ?
not to serious just wondering
27 June 2006, 10:18 PM
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Originally Posted by paulwrxboro
how would you invest 160k
you have a nice car already
you have NO job
and you have 120k morgage
what would you do ?
not to serious just wondering
you have a nice car already
you have NO job
and you have 120k morgage
what would you do ?
not to serious just wondering
That'll be too.
27 June 2006, 10:43 PM
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If it were me, i'd pay the mortgage off and therefore see the money i was 'saving' each month.... then maybe 30k in premium bonds, and hope for a BIG win.....
28 June 2006, 08:05 AM
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I'd pay the mortage off as well. If mortgage is about £120k as well but over 22 years you end up paying back double that.
I'd love to have no mortgage
Darren
I'd love to have no mortgage
Darren
28 June 2006, 08:09 AM
#5
Go out and buy 160,000 lottery tickets, I mean come on - Think Lucky 
Either that or go out and buy 16,000,000 penny sweets, sell them for 2p each and double your money!
Quick wheres the phone number for barclays, I have just had a great business idea
Either that or go out and buy 16,000,000 penny sweets, sell them for 2p each and double your money!
Quick wheres the phone number for barclays, I have just had a great business idea
28 June 2006, 08:17 AM
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Pay off the mortgage..
Its a good feeling knowing that if it all goes **** up,you will still have somewhere to live.
A least you wont end up on the street,sucking off tramps for a £1 and a cardboard box.
Enoy your charmed status!!
Its a good feeling knowing that if it all goes **** up,you will still have somewhere to live.
A least you wont end up on the street,sucking off tramps for a £1 and a cardboard box.
Enoy your charmed status!!
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28 June 2006, 09:52 AM
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Originally Posted by fatscoobyfella
Pay off the mortgage..
Its a good feeling knowing that if it all goes **** up,you will still have somewhere to live.
A least you wont end up on the street,sucking off tramps for a £1 and a cardboard box.
Enoy your charmed status!!
Its a good feeling knowing that if it all goes **** up,you will still have somewhere to live.
A least you wont end up on the street,sucking off tramps for a £1 and a cardboard box.
Enoy your charmed status!!
how do you think i got the money?
theres alot of lonely tramps outthere
and thanks ,im sure i will
28 June 2006, 09:52 AM
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Sort the whole Job situ out, then pay ¾ of the Mortgage off (Leaving some money to invest) – or the other way round..!?
Look into Venture Capitalism over property buying, there’s a lot more money in it! Or maybe look into foreign property?
Look into Venture Capitalism over property buying, there’s a lot more money in it! Or maybe look into foreign property?
28 June 2006, 10:03 AM
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Originally Posted by RMA26
Look into Venture Capitalism over property buying
this is like threads where people ask about how to do sit ups and are told they need steroids!
28 June 2006, 10:09 AM
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this is what i would do, start a named company(which would be you anyways), lend the 160k to ur compnay and then go down london buy a property 15-20% less than its market value (which u can get cos your a "cash buyer", buy it cash and then re-mortgage it with its current market value, the 15% difference will be your BTL deposit, u'l get ur cash back and a property for nothing!! plus the rental income will cover the rent and the little return you make on rent every month can go towards your own mortgage. you can do that as many times as you like and still have your 160k 
Thats what i would do!!!
Thats what i would do!!!
28 June 2006, 10:12 AM
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Originally Posted by The Snug Rhino
this is like threads where people ask about how to do sit ups and are told they need steroids!
Well he did ask for an opinion, Mentioned purely as I fully understand Venture Capitalism
28 June 2006, 10:36 AM
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Originally Posted by fitzscoob
Go out and buy 160,000 lottery tickets, I mean come on - Think Lucky
Either that or go out and buy 16,000,000 penny sweets, sell them for 2p each and double your money!
Quick wheres the phone number for barclays, I have just had a great business idea
Either that or go out and buy 16,000,000 penny sweets, sell them for 2p each and double your money!
Quick wheres the phone number for barclays, I have just had a great business idea
If it was me clear the mortgage everytime, that is a huge step towards financial independance.
Gary
28 June 2006, 11:38 AM
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Originally Posted by GaryK
If it was me clear the mortgage everytime, that is a huge step towards financial independance.
Gary
It still leaves you a substantial amount to invest (e.g. buy to let).
*assuming your current repayments are £500
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