Does anything out there pay about 10% interest/year?

[Leicesterdave]

With low level risk?

[Leicesterdave]

joyless lobotomised parrot said:

I (stupidly) missed out on the 7%pa over 3 years offer from Cashplus early in 2017. I have a couple of accounts with them and know many others who use them and they're well liked by their users. Certainly won't be failing anytime soon.

But didn't miss out on Dolphin Trust. That pays 10%pa and has done for years despite hyena howling from "experts" who want it to be a failure for some reason.

I hear that Dolphin won't be offering 10%pa for that much longer and that future offerings will be less. But 10%pa is still available and I can vouch that it's real because it gets paid into my account every 6 months.

There are others but I chose Dolphin because I'm familiar with what they actually do. Know some of their projects and they're really very good. Chances of failure? Tiny in my opinion.

Many thanks for this- exactly the type of investment I was looking for. Clearly, I need professional advice before I part with a penny but this is the type of investment I really like the look of!

[Leicesterdave]

This mentions it's backed- is it truly as it seems too good to be true:

http://www.direct-property-investments.co.uk/l/inv...

[Leicesterdave]

In the current climate- which investment is protected and offers the best %?

[Leicesterdave]

£410,000

[Leicesterdave]

I would like a regular income out of it- with very little loss obviously...!

[Leicesterdave]

sidicks said:

If you want high income you need to risk capital.

If you can’t afford to risk capital then you only have low risk, low return options.

How low I guess is my question. I'd love to be able to risk that sum of money but as you can imagine, like many, this sum is a once in a lifetime opportunity. I won't get it again. I want security- and gambling that sum of money is just too risky.

[Leicesterdave]

Property developing is another avenue I guess?

[Leicesterdave]

Francois de La Rochefoucauld said:

Speak to an IFA Dave. There are no safe investments that offer 10% returns per annum.

There are posters on this thread operating under more than one username punting investments. I'd ignore them.

Thanks Francois. I have so many ideas- just need to speak to a 'pro'... One of them being buying a studio in Central London and letting it out on Airbnb.... That could work I imagine, I'd just worry about the potential for people to trash the place..

[Leicesterdave]

sidicks said:

It’s certainly a potentially attractive opportunity to make decent returns. It certainly is NOT a low risk strategy.

In what way were you thinking? I own a property in central London and make money on it. Do you mean in terms of people trashing the place?

[Leicesterdave]

DoubleSix said:

There is that, but more importantly it’s:

- undiversified
- illiquid
- tax inefficient

To mention just a few factors you need to have your eyes open to. You could also include volatile looking at recent price activity...

Seems a scary world out there with regards to investing.... I'm not wanting to be greedy as such but obviously would like I nice enough return!

[Leicesterdave]

joyless lobotomised parrot said:

Buy twenty of these via Leicesterdave Ltd

http://www.rightmove.co.uk/property-for-sale/prope...

...in any provincial town of your choice. Find a good letting agent.

£6k a month maybe £5k nett income taking out £12kpa salary and the rest as dividend.

Then 10 more by drawing down 50% of the val from Shawbrook or Aldermore. Rent easily covers the 10 yr fixed repayment loan and some left over for spending.

Then.....well, you get the idea I'm sure....part two of the strategy can wait till you've accumulated 50? 75?

ps: if you think they're illiquid just watch how long that one lasts on Rightmove and/or how long it takes you to suck out some liquidity via Shawbrook.

pps: if owning a large portfolio makes you worry about diversification ask yourself "How worried is the Duke of Westminster"?


ppps: Oh and don't worry about being greedy. There's a bloke who's been doing this in Deutschland. Last I heard (some years ago) he had 40 THOUSAND units!

Edited by joyless lobotomised parrot on Sunday 1st April 12:42

Some very clever people on here, clearly with a wealth of experience in investing money wisely. I'm an absolute beginner as can be seen- and I realise it will be quite a task to get investing wisely.... As I said I just hope I can meet a good financial adviser and be guided well. Would paying someone to manage your investments be a good idea? I'd say so...

[Leicesterdave]

Never seen this!

http://www.rightmove.co.uk/property-for-sale/prope...

[Leicesterdave]

This seems good-

https://www.thehousecrowd.com/invest/property-deve...

[Leicesterdave]

sidicks said:

I thought you wanted low risk?

I do.... But you would say the above is high risk? Spreading money evenly does seem to be more of a medium to low risk?

[Leicesterdave]

In conclusion what is the best form of investment?

[Leicesterdave]

Update to this is that I've bought my first house. Paid £130k for it and will chuck £10-£15k on it to make it very nice.

Bought a nice motor.... 335d, 2 year old for £20k...

I've now got £200k left and still no idea what to do with it. All I'm reading is that landlords are selling their properties in droves.... Due to new government legislation- meaning as a landlord I'd be taxed to the hilt?

I'm seriously very lost!

[Leicesterdave]

Caddyshack said:

How did you get on with the financial advisor, I saw this advised many times in this thread.

Told me to invest in the stock market essentially....

[Leicesterdave]

Muzzer79 said:

Why didn’t you, out of curiosity?

Also, why did you use 5% of your investment fund to buy a depreciating asset? (The 335d)

I've not decided what to do with the rest yet. Brexit worries me with financial markets....

335d- because I wanted to! I think the one treat won't hurt much...