Retirement income from property?

fc123

julieq wrote: »

Shops into a retail contraction when the world and his wife has at last figured out they can buy it cheaper online? It's nicely contrarian, I have to give you that, and maybe Napoleon was right after all.

Not just about cheaper either. It's also about choice and the death of the 80/20 'rule'....that enabled the chains and corps to control things.

lostinrates

fc123 wrote: »

Naww...the gossip that you are already familiar with Lir and Treliac.

Oh thats ok then. So long as I am in the loop

lostinrates

julieq wrote: »

Shops into a retail contraction when the world and his wife has at last figured out they can buy it cheaper online? It's nicely contrarian, I have to give you that, and maybe Napoleon was right after all.

Cheaper and from a huger market. I've spend a lot of today looking for something I need on line. I was a bit disatisfied with what I can find in UK, so looked to EU: have little more choice, and then think I might have hit on the right prodct for me, from Mexico: though I'm going to keep looking in EU for a little longer in the hope I can find something withing EU (import tax) and preferably second hand.

fc123

lostinrates wrote: »

Oh thats ok then. So long as I am in the loop

Hi Lir...off elsehwere in a min...got some books to recommend and a thread to think up.:wave::wave:

misskool

julieq wrote: »

Shops into a retail contraction when the world and his wife has at last figured out they can buy it cheaper online? It's nicely contrarian, I have to give you that, and maybe Napoleon was right after all.

Maybe it's time to invest into internet shopping?


*and to avoid any further confusion, please read my signature, all views are my own and not the official line of MSE.com*

julieq

misskool wrote: »

Maybe it's time to invest into internet shopping?

Missed the boat, innit

Probably that just reduces to "why not invest in a viable business with good credible prospects". May require a bit more work than doing a straw poll on general methods of becoming rich on a bulletin board though.

lostinrates

misskool wrote: »

Maybe it's time to invest into internet shopping?


*and to avoid any further confusion, please read my signature, all views are my own and not the official line of MSE.com*

The joy is, for many, that selling themselves, direct or through ebay means people need less outside investment to start retail ventures.

misskool

julieq wrote: »

Missed the boat, innit

Probably that just reduces to "why not invest in a viable business with good credible prospects". May require a bit more work than doing a straw poll on general methods of becoming rich on a bulletin board though.

ALWAYS invest in property. Can't go wrong with bricks and mortar.
Especially if you buy when the bottom has been reached and sell when it's near peak, just don't miss the cycles. Also, interest rates are now very low, making payments and overpayments very affordable.




*and to avoid any further confusion, please read my signature, all views are my own and not the official line of MSE.com*

EdInvestor

DD

Could I suggest you "reverse engineer" your retirement income/allowances (and those of your wife)? My sense is you are accumulating too much taxable (as opposed to tax free) income and could end up losing your lucrative age allowances to "clawback".

In general terms it would appear to me that commercial property is a lot riskier than ordinary BTL (excluding new build flats). If you want to try letting then a really good way is to let out your old home when you move, which means you can access really big extra allowances when you eventually sell and effectively pay no CGT.

julieq

lostinrates wrote: »

The joy is, for many, that selling themselves, direct or through ebay means people need less outside investment to start retail ventures.

It's the same with a lot of things, cost of entry is reducing, so competition is increasing. Unless you have a really unique product you're competing on price and nothing else. Superb for consumers, but traditional shops can end up high and dry very quickly, and the high streets are starting to look a bit Shane MacGowan ish these days.

I very rarely go past Amazon and Ebay for anything I buy these days, the difference between now and 12 months ago is that almost everyone I know is doing something similar.