Discussion
The CHF has recently been devalued, and one US bank is charging investors to look after their money for them, such is the value of reassurance these days.
So I would suggest either gold, property, or under your mattress!
So I would suggest either gold, property, or under your mattress!

Edited by pacman1 on Monday 12th September 13:42
nocarjames said:
at 25 do you own a property? if not then use it as a deposit towards one.
Hi, no I do not have any property as yet and for me does appear to be one of the best long term investment options.Would you agree? I am yet to do my relevant concise research into property however feel 50k is not enough for a property - I may well be very wrong and find that this is a fair amount for a deposit on something valued at say 230k.
RedSpike66 said:
You've got to get some Premium Bonds, say £10k worth You don't get interest per say, but you can have your capital back any time, and you might win one of the bigger prizes if ur lucky, £1m if you-know-who is looking after you, all winnings tax free !
Thanks for your input here. Who would you recommend to use to buy premium bonds, this is something I will definitely look into aswell as property.355MC said:
Hi, no I do not have any property as yet and for me does appear to be one of the best long term investment options.
Would you agree? I am yet to do my relevant concise research into property however feel 50k is not enough for a property - I may well be very wrong and find that this is a fair amount for a deposit on something valued at say 230k.
depending on how much you earn I would say you might struggle to get a mortgage of £180k on your own. so you might have to lower your expectations or you could look at getting your folks to be guarantor and then renting out a spare bedroom to help with the mortgageWould you agree? I am yet to do my relevant concise research into property however feel 50k is not enough for a property - I may well be very wrong and find that this is a fair amount for a deposit on something valued at say 230k.
nocarjames said:
355MC said:
Hi, no I do not have any property as yet and for me does appear to be one of the best long term investment options.
Would you agree? I am yet to do my relevant concise research into property however feel 50k is not enough for a property - I may well be very wrong and find that this is a fair amount for a deposit on something valued at say 230k.
depending on how much you earn I would say you might struggle to get a mortgage of £180k on your own. so you might have to lower your expectations or you could look at getting your folks to be guarantor and then renting out a spare bedroom to help with the mortgageWould you agree? I am yet to do my relevant concise research into property however feel 50k is not enough for a property - I may well be very wrong and find that this is a fair amount for a deposit on something valued at say 230k.
That way, if the whole property market climbs by 10% in that time, you not only have a £220k property already, but you also have £70k in equity. Plus if it was a repayment loan, you may have more than this. At 5%, a repayment loan (which should be covered by the rental) will pay off £225 a month roughly. If you waited for three years that is about another £8k!
10% is fairly conservative in my view over 3 years so you could turn that £50k into nearly £80k or more. Of course, there may be issues with becoming a landlord but I have known people younger than you to make much much more than this on property.
HTH
M
355MC said:
nocarjames said:
at 25 do you own a property? if not then use it as a deposit towards one.
Hi, no I do not have any property as yet and for me does appear to be one of the best long term investment options.Would you agree? I am yet to do my relevant concise research into property however feel 50k is not enough for a property - I may well be very wrong and find that this is a fair amount for a deposit on something valued at say 230k.
I own a couple of BTL's, but they were bought in the past few years as pension investments so I'm not interested in the short term. I'm only interested in them being paid off in a set time, and then generating a cash income. Its my kids who will be interested in the capital value

If you are interested then 50k should be fine. I'm in the process of buying my 3rd BTL, a 2 bed EOT with off street parking and a garage, within a 1 hour commute of London. It was £107k (27k deposit 80k mortgage), the mortgage cost is £320 pcm and It will rent out at £625 - £650 pcm easily, in fact we have a tenant who wants first refusal once we complete. I'll be managing it myself so no agency costs.
98elise said:
Making decent money short term on property is a non starter. To make money on property you need to be looking 8 to 10 years at the very least. In the short term we could still see falls in the price of property, the only thing thats keeping prices up at the moment is low interest rates.
I own a couple of BTL's, but they were bought in the past few years as pension investments so I'm not interested in the short term. I'm only interested in them being paid off in a set time, and then generating a cash income. Its my kids who will be interested in the capital value
If you are interested then 50k should be fine. I'm in the process of buying my 3rd BTL, a 2 bed EOT with off street parking and a garage, within a 1 hour commute of London. It was £107k (27k deposit 80k mortgage), the mortgage cost is £320 pcm and It will rent out at £625 - £650 pcm easily, in fact we have a tenant who wants first refusal once we complete. I'll be managing it myself so no agency costs.
This is very informative - thank you. Agree with you totally on all your points - this is very absorbing to read. I would definitely be looking at a far longer term investment if I go down the property route (which is prob best for the 50K - and I may not necessarily need to use all of it) - 10 years minimum is exactly what I will be looking at in terms of the investment time - this is fine in terms of duration. I own a couple of BTL's, but they were bought in the past few years as pension investments so I'm not interested in the short term. I'm only interested in them being paid off in a set time, and then generating a cash income. Its my kids who will be interested in the capital value

If you are interested then 50k should be fine. I'm in the process of buying my 3rd BTL, a 2 bed EOT with off street parking and a garage, within a 1 hour commute of London. It was £107k (27k deposit 80k mortgage), the mortgage cost is £320 pcm and It will rent out at £625 - £650 pcm easily, in fact we have a tenant who wants first refusal once we complete. I'll be managing it myself so no agency costs.
BoRED S2upid said:
At 25 with £50k id be driving a 911. Which I would regret by the time im 30 and would be thinking I should have used it as a 25% deposit on a house.
I guess alot of 25 year olds with 50K would want a 911 but thats def not what I want to do. Not at all interested in cars. I ve driven more Ferraris since the age of 18 then I've had hot dinners ! Doesnt interest me...98elise said:
Making decent money short term on property is a non starter. To make money on property you need to be looking 8 to 10 years at the very least. In the short term we could still see falls in the price of property, the only thing thats keeping prices up at the moment is low interest rates.
I own a couple of BTL's, but they were bought in the past few years as pension investments so I'm not interested in the short term. I'm only interested in them being paid off in a set time, and then generating a cash income. Its my kids who will be interested in the capital value
If you are interested then 50k should be fine. I'm in the process of buying my 3rd BTL, a 2 bed EOT with off street parking and a garage, within a 1 hour commute of London. It was £107k (27k deposit 80k mortgage), the mortgage cost is £320 pcm and It will rent out at £625 - £650 pcm easily, in fact we have a tenant who wants first refusal once we complete. I'll be managing it myself so no agency costs.
Following on from your comments, I think the first thing I need to do is read properly around this area (can recommend any websites or books that influenced you?), do all the relevant research I need to to become fully aware of whats involved, talk to relevant people to get more advice and their experiences and then drive it to make it happen : )I own a couple of BTL's, but they were bought in the past few years as pension investments so I'm not interested in the short term. I'm only interested in them being paid off in a set time, and then generating a cash income. Its my kids who will be interested in the capital value

If you are interested then 50k should be fine. I'm in the process of buying my 3rd BTL, a 2 bed EOT with off street parking and a garage, within a 1 hour commute of London. It was £107k (27k deposit 80k mortgage), the mortgage cost is £320 pcm and It will rent out at £625 - £650 pcm easily, in fact we have a tenant who wants first refusal once we complete. I'll be managing it myself so no agency costs.
355MC said:
I guess alot of 25 year olds with 50K would want a 911 but thats def not what I want to do. Not at all interested in cars. I ve driven more Ferraris since the age of 18 then I've had hot dinners ! Doesnt interest me...
on the right site then!!!£50k deposit assuming your salary is similar (per year) I would think £250k would be perfectly do-able.
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