where to put 80k?

Author
Discussion

23AJK

901 posts

148 months

Sunday 12th June 2016
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JoeMarano said:
So at the minute the cash has probably earned me all of £1 interest sitting in a normal HSBC account.

Where should I put the money? Any one hot on this sort of thing.

Risk free would be the choice smile
Sorry for the childish response but I can't help thinking of the bit in National Lampoons Christmas Vacation with the neighbours and the huge Xmas tree!

I'll get my own coat.

Taxi.

JoeMarano

Original Poster:

1,042 posts

99 months

Monday 13th June 2016
quotequote all
Audemars said:
You took the money out of property but dont own your own house. Put the money back into property. Your £80k will be worth much less in relative terms the longer it sits on the sidelines.
Problem is 80k is a lot of money to have to buy a car or something but it isn't actually a lot of money when it comes to buying a house these days. I don't think that would even buy a one bed flat these days

drainbrain

5,637 posts

110 months

Monday 13th June 2016
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JoeMarano said:
Problem is 80k is a lot of money to have to buy a car or something but it isn't actually a lot of money when it comes to buying a house these days. I don't think that would even buy a one bed flat these days
Depends where you need to live. £80k buys a lot more in some areas than others.

Femur

285 posts

98 months

Monday 13th June 2016
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cymtriks said:
Shares and unit trusts.

I've averaged just over 6% over the last four years.

As long as it beats savings accounts and is easier than being a landlord I'll keep going.

Steady and a bit dull but you make money even just sitting on the sofa.
Care to share the unit trusts? smile

soad

32,825 posts

175 months

Monday 13th June 2016
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Behemoth said:
What it is exactly that can be hacked? On what do you base this knowledge? I suspect you don't really know what you're talking about. I'd certainly agree with those that advise never investing in something you don't understand rolleyes
Your account/wallet. Stolen bitcoins retain their value and usability, right?

Ginge R

4,761 posts

218 months

Monday 13th June 2016
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JoeMarano said:
Armed forces married quarters
You watch that monthly rental go up now..

JoeMarano

Original Poster:

1,042 posts

99 months

Monday 13th June 2016
quotequote all
I think it actually went down this year smile

Ginge R

4,761 posts

218 months

Monday 13th June 2016
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I have two clients who live next door to each other at High Wycombe. CAAS put one rent up, the other one dropped. Crazy.

Behemoth

2,105 posts

130 months

Tuesday 14th June 2016
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soad said:
Your account/wallet. Stolen bitcoins retain their value and usability, right?
Do your bank login details get stolen? It's hardly "hacking" if you just leave passwords lying around carelessly so that others can nick your money. Your bitcoin wallet ID is public knowledge. It appears on the blockchain for all to see. You just need to keep the private key (ie the password) for it secure.

I'd think Bitcoin off topic here as the o/p wants risk free. Bitcoin certainly isn't that, but because of market volatility not inherent security. Imo, it has a place at the high risk end of a balanced portfolio.

Tell me I'm wrong in 5 years smile

superkartracer

8,959 posts

221 months

Tuesday 14th June 2016
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markcoznottz said:
Ari said:
Then I understand why it's a tricky decision whether or not to buy property. It's toss of a coin stuff what happens next - we're well into an unprecedented government property value meddling territory, no one can predict what happens next...
No chance. It's 100% guaranteed, or as good as, that house prices will keep rising. Regardless of the current sideshow, modern business and government both need unlimited immigration to keep inflating gdp. It's the only game in town. It's a monster. The fact that the government never sought out opinion on unlimited immigration is why we have them flapping now, but even so, nothung will change.
Houses/cars etc need £ invested and don't produce anything . Invest in things that make things , simple rule and it always makes money.

To think there will never be a crash is utterly insane.

Luke.

10,944 posts

249 months

Tuesday 14th June 2016
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superkartracer said:
Invest in things that make things , simple rule and it always makes money.
Houses make people happy. smile

superkartracer

8,959 posts

221 months

Tuesday 14th June 2016
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Luke. said:
superkartracer said:
Invest in things that make things , simple rule and it always makes money.
Houses make people happy. smile
Not when they owe 250k to the bank come a crash.

House to live in , not investment and all that.

walm

10,609 posts

201 months

Tuesday 14th June 2016
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superkartracer said:
Invest in things that make things , simple rule and it always makes money.

To think there will never be a crash is utterly insane.
You realise this is the "finance" forum right?
Saying things like "it always makes money" might be more appropriate if you were in the "idiots who can't add up and want to be scammed" part of the forum.

I believe a company called General Motors makes things (cars and trucks, not just motors it turns out, I looked it up).
Good luck "making money" with that during 2008:

superkartracer

8,959 posts

221 months

Tuesday 14th June 2016
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walm said:
superkartracer said:
Invest in things that PRODUCE stuff people need ( not more crap cars ) .
Stuff
Was thinking more land/stuff/ you own rather than shares in a crap motor company in a saturated market ( south Korean motor companies have done better tho ).

Or make something for a few pence and sell for £10 ( and sell 100's a week ) , tooling/machining/skill investment etc (( stuff making stuff )) .

Amended.

Edited by superkartracer on Tuesday 14th June 14:58

walm

10,609 posts

201 months

Tuesday 14th June 2016
quotequote all
superkartracer said:
Was thinking more land/stuff/ you own rather than shares in a crap motor company in a saturated market ( south Korean motor companies have done better tho ).

Or make something for a few pence and sell for £10 ( and sell 100's a week ) , tooling/machining/skill investment etc (( stuff making stuff )) .
Ah - fair enough, although I still think that's nonsense.
The failure rates for small businesses are pretty high and presumably the OP still has a day job.
And land is also horrendously cyclical (I imagine - I am not a farming guy).

If buying a machine to print money... well actually did print money as you are suggesting, then everyone with access to £80k would be doing it and everyone would HAVE access to £80k because the banks would happily lend to such asset backing.

superkartracer

8,959 posts

221 months

Tuesday 14th June 2016
quotequote all
walm said:
superkartracer said:
Was thinking more land/stuff/ you own rather than shares in a crap motor company in a saturated market ( south Korean motor companies have done better tho ).

Or make something for a few pence and sell for £10 ( and sell 100's a week ) , tooling/machining/skill investment etc (( stuff making stuff )) .
Ah - fair enough, although I still think that's nonsense.
The failure rates for small businesses are pretty high and presumably the OP still has a day job.
And land is also horrendously cyclical (I imagine - I am not a farming guy).

If buying a machine to print money... well actually did print money as you are suggesting, then everyone with access to £80k would be doing it and everyone would HAVE access to £80k because the banks would happily lend to such asset backing.
Nar it's easy enough , theres a bonehead with fake teeth up the road with two Aventadors on his drive , don't think he even uses them!.

drainbrain

5,637 posts

110 months

Tuesday 14th June 2016
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Having (temporarily) given up on any kind of 'proper' investment product (too complicated/risky/pathetic return etc) I just bought (another) small commercial premises. Cost £32k, current tenancy just renewed for 2 years at £3.5k pa and expected outgoing £210pa (5%+vat) to agency. Commercial's generally pretty arms length so don't expect to do or spend anything else. So 10% return pa. S'alright. Just a bit boring.

Edited by drainbrain on Tuesday 14th June 18:15

Femur

285 posts

98 months

Wednesday 29th June 2016
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drainbrain said:
Having (temporarily) given up on any kind of 'proper' investment product (too complicated/risky/pathetic return etc) I just bought (another) small commercial premises. Cost £32k, current tenancy just renewed for 2 years at £3.5k pa and expected outgoing £210pa (5%+vat) to agency. Commercial's generally pretty arms length so don't expect to do or spend anything else. So 10% return pa. S'alright. Just a bit boring.

Edited by drainbrain on Tuesday 14th June 18:15
What sort of premises/area if you don't mind me asking?

drainbrain

5,637 posts

110 months

Wednesday 29th June 2016
quotequote all
Femur said:
What sort of premises/area if you don't mind me asking?
No not at all.

Single unit shop. Occupied by tenant who's been there ages and isn't planning a move (and has just signed a lease extension with the sellers). Area's an up-and-coming part of East Glasgow called Dennistoun which has been gradually gentrifying over the last decade or so. Street's in arguably the best part of the area.

Femur

285 posts

98 months

Wednesday 29th June 2016
quotequote all
drainbrain said:
Femur said:
What sort of premises/area if you don't mind me asking?
No not at all.

Single unit shop. Occupied by tenant who's been there ages and isn't planning a move (and has just signed a lease extension with the sellers). Area's an up-and-coming part of East Glasgow called Dennistoun which has been gradually gentrifying over the last decade or so. Street's in arguably the best part of the area.
Thanks!

I'm keen to add a commercial property to the portfolio so it's of interest.