where to put 80k?
Discussion
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
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!Where should I put the money? Any one hot on this sort of thing.
Risk free would be the choice
I'll get my own coat.
Taxi.
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 daysJoeMarano 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.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
Your account/wallet. Stolen bitcoins retain their value and usability, right?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
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. To think there will never be a crash is utterly insane.
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?To think there will never be a crash is utterly insane.
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:
walm said:
superkartracer said:
Invest in things that PRODUCE stuff people need ( not more crap cars ) .
StuffOr 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
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.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 )) .
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.
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.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 )) .
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.
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
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.
What sort of premises/area if you don't mind me asking? Edited by drainbrain on Tuesday 14th June 18:15
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.
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.
I'm keen to add a commercial property to the portfolio so it's of interest.
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