Where to temporarily put funds
Discussion
Chaps, Lady F and I have £200k coming in for the deposit on a house, pulled from other places. A significant chunk of that sum has interest payable on it, as it is an equity release from another property.
Where is the best place to park it for a few months until we are ready to buy? Savings accounts tend to be limited to max amountyou can save.
Or is there some sort of rare Ferrari/Porsche I can buy and turn around at the end of the summer for upside. Seriously.
Although she'll probably kill me, this may be the way to go! ;-)
Where is the best place to park it for a few months until we are ready to buy? Savings accounts tend to be limited to max amountyou can save.
Or is there some sort of rare Ferrari/Porsche I can buy and turn around at the end of the summer for upside. Seriously.
Although she'll probably kill me, this may be the way to go! ;-)
Heh - Your thoughts are pretty much spot on, and unless something like aa 288 GTO were available for 200k, I wouldn't do it. If you look at prices on things like 997 GT3s at the moment, they are barking mad - these are not classic cars. And we saw a car market crash shortly after a stock market correction in the late 90s.
One thing though - the crisis in 2008-10 did not seem to do much to the super-rare car market. I guess low interest rates mean that people hunt for yield.
And also, Lady F would have my balls.
I ask because I have been offered a mint, perfect spec (except for the factit's auto) Aston V8 Oscar India (1980s). And I cannot find any data whatsoever on what these things are worth - none whatsoever. And am wondering if their values could ever get on the coattails of the earlier DB cars.
Stock market is a no-no for the many reasons you cite. I've actually stopped putting in, waiting for a correction in which to buy. Although I'm more into US securities than UK anyway, due to my job being about US securities, and thus having aslightly better understanding of that market.
Hmpf.
V8V is objectively the best car I have ever owned. Subjectively, it's a bit unexciting, to be honest.
One thing though - the crisis in 2008-10 did not seem to do much to the super-rare car market. I guess low interest rates mean that people hunt for yield.
And also, Lady F would have my balls.
I ask because I have been offered a mint, perfect spec (except for the factit's auto) Aston V8 Oscar India (1980s). And I cannot find any data whatsoever on what these things are worth - none whatsoever. And am wondering if their values could ever get on the coattails of the earlier DB cars.
Stock market is a no-no for the many reasons you cite. I've actually stopped putting in, waiting for a correction in which to buy. Although I'm more into US securities than UK anyway, due to my job being about US securities, and thus having aslightly better understanding of that market.
Hmpf.
V8V is objectively the best car I have ever owned. Subjectively, it's a bit unexciting, to be honest.
Edited by Harry Flashman on Wednesday 20th May 17:03
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