Discussion
Okay, not sure if this is the right place, but a friend has recently been giving me some very good advice about getting my money to work for me..
I'm new to this whole thing, so apologies for the lack of my understanding, but currently we've dicussed properties, which makes a lot of sense, though is quite long term, and I have hesitation over the complexity and management of this.
Now ive heard about 'portfoios' and hedge fund investments (though i heard the latter is collapsing) and I was just wondering what other ways of investing your money are there?
I'm not looking for any 'get quick rich' schemes or 'give it to me', not to mention 'put it all on black', I wouldnt mind the money being tied up and unaccessable, but I am just looking to alternatives to the 4% return you get on a savings account.
I'm new to this whole thing, so apologies for the lack of my understanding, but currently we've dicussed properties, which makes a lot of sense, though is quite long term, and I have hesitation over the complexity and management of this.
Now ive heard about 'portfoios' and hedge fund investments (though i heard the latter is collapsing) and I was just wondering what other ways of investing your money are there?
I'm not looking for any 'get quick rich' schemes or 'give it to me', not to mention 'put it all on black', I wouldnt mind the money being tied up and unaccessable, but I am just looking to alternatives to the 4% return you get on a savings account.
Depends on the amount of money.
My area is property and although the margins are tight you could (until yesterday - now the juries out) just about get a decent return on buy to let. For that you need 15% of value plus fees etc and the ability to manage it yourself rather than paying agents
Commercial property is probably going to go the other way for a while. Rising interest rates reduce capital values but with most tenants on upward only rent reviews there are still some good deals to be had, if you are prepared to plan for the medium rather than short term
Running a portfolio on anything just means not putting all your eggs in one basket
If you want a more general chat just email me off line. Always happy to chip in with my two penn'orth
My area is property and although the margins are tight you could (until yesterday - now the juries out) just about get a decent return on buy to let. For that you need 15% of value plus fees etc and the ability to manage it yourself rather than paying agents
Commercial property is probably going to go the other way for a while. Rising interest rates reduce capital values but with most tenants on upward only rent reviews there are still some good deals to be had, if you are prepared to plan for the medium rather than short term
Running a portfolio on anything just means not putting all your eggs in one basket
If you want a more general chat just email me off line. Always happy to chip in with my two penn'orth
billsnemesis said:
My area is property and although the margins are tight you could (until yesterday - now the juries out) just about get a decent return on buy to let. For that you need 15% of value plus fees etc and the ability to manage it yourself rather than paying agents
There are an increasing number of BTL mortgages that allow LTV's of 90%. I'm not suggesting ita a good idea to leverage up that far, but you can consider it. SOme of the ffes on BTL are pretty horrendous, depending on the scheme and lender.
Edited by scotal on Friday 12th January 15:01
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