Buy property or save

ncdill

Girlfriend and I have £1000 monthly to invest for a couple of years; both still living at home. Should we invest the money in a property, perhaps to let, or put money into a savings account or ..... ? Could be purchase of a property that we might decide to live in after a couple of years.

F_T_Buyer

If you have £1k joint a month why don't you just sign up to regular saver accounts?

Halifax do 7% £250 a month
Barlclays 10% £250 a month
HSBC 8% £250 a month
Portman 8% £250 a month ISA
A&L 10% £250 a month

And this is for EACH of you. You will probably not find any high yield risk free ventures for a couple of years. BTL isn't really for the short term, and personally I would stay clear IMHO.

That's what I would do, and that's what I am doing... unless you want to talk about commodities and shares - but that's high risk!

tomstickland

I'd save some of it in 5-10% reg savers, 5% ISAs and 5% inst access savings accounts and invest some of it into investment trusts (higher risk but more potential returns).

BobProperty

F_T_Buyer wrote:

...... unless you want to talk about commodities and shares - but that's high risk!

Commodities high risk? Don't you mean double supersized extra large high risk? Isn't it in Schrager(?)'s Market Wizards books that one of his usual interview questions is what's your worst one day loss? The answer is usually in millions.
Now where are those Pork Belly prices?

village_life

F_T_Buyer wrote:

If you have £1k joint a month why don't you just sign up to regular saver accounts?

Halifax do 7% £250 a month
Barlclays 10% £250 a month
HSBC 8% £250 a month
Portman 8% £250 a month ISA
A&L 10% £250 a month

And this is for EACH of you. You will probably not find any high yield risk free ventures for a couple of years. BTL isn't really for the short term, and personally I would stay clear IMHO.

That's what I would do, and that's what I am doing... unless you want to talk about commodities and shares - but that's high risk!

the problem with these bank deals (certainly HSBC and barclays) is that you need to have your SALARy paid into their current account also.....

so not really viable.