Ch 4. Now (8pm). A Place in the Sun: UK & US. Want to buy an investment in the UK

PasturesNew

All this effort .. do I get 47 thanks?

No ...

PasturesNew

They are definitely going to make an offer on Poole "The time's defninitely right".

For the US they want to bring the kids/granny over to check out the 2nd property.

Annpan

Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

nearlynew

PasturesNew wrote: »

And it's dull .... nearly nodding off here... and they're annoying.

Sounds like you put too much grass in your sandwiches.

1984ReturnsForReal_2

its was a repeat...............

mewbie_2

PasturesNew wrote: »

Except for two factors:
1) Most of "these people" will be borrowing money to buy property, you use your own cash for bonds
2) Those things and the way you say you can get 7% goes right over the heads of 98% of us

Hi PN. For just once I am going to 'do a Generali', ie. sensible attempt at being helpful. You are clearly an intelligent person, but you do not seem interested or aware of personal financial possiblities. Yet you have a very large sum of money invested.

Most investment sites are incomprehensible, so here is what I would do in your position. I am assuming that your savings are mainly in normal taxed savings accounts.

Firstly - use your ISA allowance. If only to save 3,500 thousand in a cash ISA (per year) - income is tax free.

Next - look at shares and corporate bonds. Both have suffered hugely in the last couple of years, and recovered partly so far this year. Corporate bonds are company loans - Tesco wants to borrow money, so issues bonds which it pays interest on. A corporate bond ISA will wrap up a number of companies (so if a few companies fail you don't lose too much) into an offering that will pay interest of 5% for 'safe' bonds, and more (up to 10%) for junk bonds. Plus bond values are likely to recover in the current low interest period. If you have say 100k putting 10% into Corporate bonds would seem to be a sensible option. ISA limit c. 3,500 per year for tax free income. Mewbie simple saver tip - get one that pays monthly interest (and reinvest it), its a nice way to watch the performance and compare to cash.

Finally shares. FTSE is pretty rubbish in my opinion, but it has some potential over the next two years. India and China are simple opportunities, again through an ISA. So far this year my India investment has risen 45% - not bragging, just an example (they dropped 30-40% last year). They wil drop, and rise, and drop, and rise again - so its not for the faint hearted - but you could take a very small % of your cash savings and learn.

All this can be done on the Internet, easily. If you were to take 7k (I think that's the max allowance for a tax year) and go 50% cash, 25% bonds, 25% shares - you might learn some stuff and make some money.

Apologies for going on, and I know I'm no expert. I use Fidelity online for investing - it's simple and easy. Investing now looks like a great opportunity on a two / three year timescale.

One other thing. Drip feeding - say 500 a month - is the recommended way to spread your entry to the market. Why am I posting all this stuff - because I care.

Davesnave

Totally agree Mewbs. PN is brilliant in some areas, but while I've been living the high life here in sunny Bath on Sea and still getting my 6.25%, she's been eating beans in Kairdiff and watching her interest rate go through the floor.

Don't make sense, 'specially as she's brighter than I am. I only do the standard stuff too; no large portfolio of shares, just ISAs, bonds and those luvverly fixed rates, all organised via t'Interweb.:D

It's even quite kinky too; on here I can also be my wife for tax purposes and have saucy passwords & stuff, though it gets a bit hard when I have to phone up, as happened last week.

What gets hard? Speaking in a high voice of course! What did you think?:rotfl:

carolt

Wow - what's sadder. That I just read a whole thread devoted to a repeat!!! or that PN typed it up for us and all these nice people commented on it for us.

Oh to not be marking on a summer's day.

Cheers for the hard work, PN.

Please start an interesting thread, someone, so I have a more fun excuse to take a break .....

PasturesNew

mewbie wrote: »

Hi PN. For just once I am going to 'do a Generali', ie. sensible attempt at being helpful. You are clearly an intelligent person, but you do not seem interested or aware of personal financial possiblities. Yet you have a very large sum of money invested.

Yes, no, shoved in random bank accounts at low rates (don't even look these days)

mewbie wrote: »

Most investment sites are incomprehensible, so here is what I would do in your position. I am assuming that your savings are mainly in normal taxed savings accounts.

Firstly - use your ISA allowance. If only to save 3,500 thousand in a cash ISA (per year) - income is tax free.

Did that ...

mewbie wrote: »

Next - look at shares and corporate bonds. Both have suffered hugely in the last couple of years, and recovered partly so far this year. Corporate bonds are company loans - Tesco wants to borrow money, so issues bonds which it pays interest on. A corporate bond ISA will wrap up a number of companies (so if a few companies fail you don't lose too much) into an offering that will pay interest of 5% for 'safe' bonds, and more (up to 10%) for junk bonds. Plus bond values are likely to recover in the current low interest period. If you have say 100k putting 10% into Corporate bonds would seem to be a sensible option. ISA limit c. 3,500 per year for tax free income. Mewbie simple saver tip - get one that pays monthly interest (and reinvest it), its a nice way to watch the performance and compare to cash.

Finally shares. FTSE is pretty rubbish in my opinion, but it has some potential over the next two years. India and China are simple opportunities, again through an ISA. So far this year my India investment has risen 45% - not bragging, just an example (they dropped 30-40% last year). They wil drop, and rise, and drop, and rise again - so its not for the faint hearted - but you could take a very small % of your cash savings and learn.

All this can be done on the Internet, easily. If you were to take 7k (I think that's the max allowance for a tax year) and go 50% cash, 25% bonds, 25% shares - you might learn some stuff and make some money.

Apologies for going on, and I know I'm no expert. I use Fidelity online for investing - it's simple and easy. Investing now looks like a great opportunity on a two / three year timescale.

And that bit's the hard to understand bit, the "er, how?" bit. All that wrapping up business.... sounds like it involves seeing a shiny-suited idiot ...

mewbie wrote: »

One other thing. Drip feeding - say 500 a month - is the recommended way to spread your entry to the market. Why am I posting all this stuff - because I care.

awww care.
xx