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If you had £50k you could afford to lose in this recession...

bartsimpson
Posts: 745 Forumite
...how would you invest it?
and do you think it could make you rich in ten years time assuming we're out of the recession by then?
and do you think it could make you rich in ten years time assuming we're out of the recession by then?
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Comments
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I'd put £30k in premium bonds and invest in my family with the rest of the money." The greatest wealth is to live content with little."
Plato0 -
I would suggest looking at a range of commodities, and commodity related stocks and AsiaHope for the best.....Plan for the worst!
"Never in the history of the world has there been a situation so bad that the government can't make it worse." Unknown0 -
...how would you invest it?
1 - within my risk proifle
2 - same as always. Stock picking or fashion investing always ends in tears. Sticking to a traditional strategy like asset allocation, sector allocation etc is better.
That said, 50k isnt going to make you rich in 10 years unless you take high risk punts that happen to pay off.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Buy some genuine Beatles autographs0
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1 - within my risk proifle
2 - same as always. Stock picking or fashion investing always ends in tears. Sticking to a traditional strategy like asset allocation, sector allocation etc is better.
That said, 50k isnt going to make you rich in 10 years unless you take high risk punts that happen to pay off.
So you don't use managed funds that pick stocks?
Banks are probably still undervalued and probably a good bet for a large profit (or lose it all). Could see 50k grow to a large amount if they recover fully. That's probably the obvious area for large gains.
Asia has taken a big hit too and will probably come good if the recession fades. Will also help if sterling crashes.
Either - look for something that will do well in a recession and get out before recovery or, for the big wins, something that will be hit hard and buy near the bottom and hope it survives to recover.
I'm not brave enough to risk appreciable sums so will probably never be rich but good luck to you.0 -
bartsimpson wrote: »...how would you invest it?
and do you think it could make you rich in ten years time assuming we're out of the recession by then?
If you have £50K you can afford to lose you are already rich and won't be making investments yourself!0 -
1 - within my risk proifle
2 - same as always. Stock picking or fashion investing always ends in tears. Sticking to a traditional strategy like asset allocation, sector allocation etc is better.
That said, 50k isnt going to make you rich in 10 years unless you take high risk punts that happen to pay off.
Come on dunston, be more imaginative for once in your life0 -
I have a foolproof way of making a million pounds. I will send it to you for a fee of £50,000. please find SAE. This offer is only valid for 7 days so hurry, ive got a plane to catch.0
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Banks are probably still undervalued and probably a good bet for a large profit (or lose it all).
I think thats a classic case of hedging your bets!!
Either a large profit or lose it all :-)
One thing is for sure, the trading methods used by banks to achieve the size and value they were will not be options for the forseeable future - if ever.
Boring, traditional banking will be back, although don't put all your money into bowler hats staging a big comeback...I am a Financial Adviser specialising in Mortgages, Protection, Health and Medical Insurance. I also write wills. All information posted on this site is for discussion only, and should not be taken as advice.0 -
That said, 50k isnt going to make you rich in 10 years unless you take high risk punts that happen to pay off.
Not necessarily, plenty of good companies have been dragged down due to both the main markets and the AIM dropping signifcantly over the last year and a half.
Take for example one company I'm invested in, watched them tumble over the last 6 or 7 months. They have good cashflow, produce goods (and producing more) and are now starting to make profits. They have created a gain of over 125% in the last 2 weeks.
Of course you can get rich, if you can pick these companies. Their market values have been squeezed due to the market downturn but there are plenty of good companies out there with huge upside potential that have minimal risk of bankruptcy.0
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