What would you do with £200k?
10 August 2011, 01:01 PM
#1
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What would you do with £200k?
If you had £200k to invest to try to make a nest egg / future for yourself what would you do with it?
Knowing the state of the worlds economies as they are today how would you make it count?
Gold?.....I think I missed the boat with this one...it has to level out somewhere!!
Stock Market?.....I've dabbled in the past with mixed results but it seems very unstable right now.
Property?....to be honest I think this still the way ahead....nothing bounces back quite like bricks and mortar!!!...I think this still represents a (relatively) low risk investment against a (potentially) high return.
What do you reckon??? What would you invest in???
Knowing the state of the worlds economies as they are today how would you make it count?
Gold?.....I think I missed the boat with this one...it has to level out somewhere!!
Stock Market?.....I've dabbled in the past with mixed results but it seems very unstable right now.
Property?....to be honest I think this still the way ahead....nothing bounces back quite like bricks and mortar!!!...I think this still represents a (relatively) low risk investment against a (potentially) high return.
What do you reckon??? What would you invest in???
10 August 2011, 01:29 PM
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At the moment the stock market is a good bet I would say but obviously risky and you need to look long term and not expoect to make loads in a few months.
Chip
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10 August 2011, 01:41 PM
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Get on the renewables bandwagon. Buy a field and fill it with solar panels. Sign a 20 year contract with one of the big electricity suppliers which locks them in to paying you a high, and index linked, feed-in tariff. Most estimates are that you would get an ROI of 15+%, so your money back in 5-6 years (and if you set it up right this will be tax-free) and a good income thereafter (taxed as divided, so better than income if you are a higher rate taxpayer).
10 August 2011, 01:46 PM
#12
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Only thing with property is that it isn't a particularly liquid asset. I'd also not want the hassle of being a landlord.
I wouldn't purchase shares directly as I think it's a bit risky and I haven't got the time or interest to devote to "playing the stockmarket"
I have a reasonable understanding of investment funds and can put together fairly reasonable portfolios - seen some single figure % losses but nothing too worrying and none of the 20-30% falls of 2008 (yet). I'm probably over-cautious with fund selection.
I'd keep some of the £200K in cash, and the rest I'd put into investment funds - as to what these funds would be placed in - ISAs, bonds etc would depend on my tax position.
The flavour of the moment for some investment advisers would be to place this money with a Discretionary Fund Manager but it's not something I'm very keen on.
I wouldn't purchase shares directly as I think it's a bit risky and I haven't got the time or interest to devote to "playing the stockmarket"
I have a reasonable understanding of investment funds and can put together fairly reasonable portfolios - seen some single figure % losses but nothing too worrying and none of the 20-30% falls of 2008 (yet). I'm probably over-cautious with fund selection.
I'd keep some of the £200K in cash, and the rest I'd put into investment funds - as to what these funds would be placed in - ISAs, bonds etc would depend on my tax position.
The flavour of the moment for some investment advisers would be to place this money with a Discretionary Fund Manager but it's not something I'm very keen on.
Last edited by EddScott; 10 August 2011 at 01:51 PM.
10 August 2011, 02:10 PM
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Pay off the mortgage and drop down to a four day week or take two months unpaid leave each year. It's all about quality of life, not getting rich 
Either that or aim to retire by 50.
Either that or aim to retire by 50.
10 August 2011, 02:36 PM
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Quality of life is a good one, dependant on your age of course, if you're mid 40's plus then you could look at downsizing jobs.
Otherwise, property. 25% deposit, buy to let, and for now let someone manage the financials, you can probably get this for just 8%, the rest you deal with yourself, you'll have to cough up for the odd cooker, or sparky, or you'll have to drive round every now and then to replace something. It's no hardship.
Otherwise, property. 25% deposit, buy to let, and for now let someone manage the financials, you can probably get this for just 8%, the rest you deal with yourself, you'll have to cough up for the odd cooker, or sparky, or you'll have to drive round every now and then to replace something. It's no hardship.
10 August 2011, 03:00 PM
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Quality of life is a good one, dependant on your age of course, if you're mid 40's plus then you could look at downsizing jobs.
Otherwise, property. 25% deposit, buy to let, and for now let someone manage the financials, you can probably get this for just 8%, the rest you deal with yourself, you'll have to cough up for the odd cooker, or sparky, or you'll have to drive round every now and then to replace something. It's no hardship.
Otherwise, property. 25% deposit, buy to let, and for now let someone manage the financials, you can probably get this for just 8%, the rest you deal with yourself, you'll have to cough up for the odd cooker, or sparky, or you'll have to drive round every now and then to replace something. It's no hardship.
. JPL hit the nail on the head above with what is currently my favourite idea. This is the one that I'm leaning towards as I've been a landlord before and so I'm more familiar with this concept than solar cells / vintage cars / bikes / etc.
I'm not quite in my mid 40's as I'm in my late 30's. Unfortunately I'm not in a position to downsize my job as I'm in the Armed Forces and therefore David Cameron might not go for this idea.
Keep the left field ideas coming in as I'm looking to be inspired!!!
10 August 2011, 03:05 PM
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Otherwise, property. 25% deposit, buy to let, and for now let someone manage the financials, you can probably get this for just 8%, the rest you deal with yourself, you'll have to cough up for the odd cooker, or sparky, or you'll have to drive round every now and then to replace something. It's no hardship.
10 August 2011, 03:45 PM
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What a great response to my thread. Some interesting ideas there. I like the field full of Photo voltaic cells idea .
JPL hit the nail on the head above with what is currently my favourite idea. This is the one that I'm leaning towards as I've been a landlord before and so I'm more familiar with this concept than solar cells / vintage cars / bikes / etc.
I'm not quite in my mid 40's as I'm in my late 30's. Unfortunately I'm not in a position to downsize my job as I'm in the Armed Forces and therefore David Cameron might not go for this idea.
Keep the left field ideas coming in as I'm looking to be inspired!!!
. JPL hit the nail on the head above with what is currently my favourite idea. This is the one that I'm leaning towards as I've been a landlord before and so I'm more familiar with this concept than solar cells / vintage cars / bikes / etc.
I'm not quite in my mid 40's as I'm in my late 30's. Unfortunately I'm not in a position to downsize my job as I'm in the Armed Forces and therefore David Cameron might not go for this idea.
Keep the left field ideas coming in as I'm looking to be inspired!!!
Les
10 August 2011, 04:18 PM
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We are lucky enough to be able to afford another property, and we will move into that (actually we're downsizing to a 2 bed apartment - LOL), and we will rent out the 3 bed semi.
5 properties, some are residential mortgages (difficult!), some are buy to let. All 5 will cost us around £38 per month once all the rent is in.
I'm in my 40's, we got lucky with some money, and my wife was made redundant from a good job and managed to walk into another one.
I had to pop round to one on Monday night, replacing a handle, and another has a new tenant and she's complaining about the interior doors not closing properly, will be going round there and will probably have to get a chippy in as I don't think they've been hung right.
We have Estate Agents, Chippies, Sparkies, Plumbers, you name it, all on speed dial. Yes, you have to do some work, and yes, you have to spend money sometimes, new carpets/curtains.
Don't view it as a monthly income, it's a nest egg, it's my retirement
I personally think that if you have £50K to put down 25% deposit on a buy to let, you would be quite bonkers not to.
10 August 2011, 04:20 PM
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