What to do with 60K?

cheerfulcat

Hi, fish10,

That looks like a reasonable selection and I think that you are right to include some gold and natural resources shares/funds.

v_2

Hi

Many thanks for your replies. I am somewhat of a newbie myself at this but I am very keen to learn - just as fish10 is doing. Although I do feel I am at much lower level of understanding than him. I have just found fish10's other thread that was mentioned and plan to read over the links posted on there.

fish10: do you have any other additional information oriented at beginners?

Paul_-C-

v_2: have you been on the boards at fool.co.uk? There's loads of reading there!

dilied

Just wondering if you have considered Exchange Traded Funds (aka iShares)? Suggest you take a look at https://www.ishares.net I won't go into great detail but I highly recommend them. Suggest also that you take a look at a FTSE All Share tracker (especially Fidelity's moneybuilder that has the lowest management charge of 0.1%). It's amazing how many funds underperform it (i.e Jupiter Income, since launch)

EdInvestor

I would say they are looking for a lower-to-medium risk investment..

Trackers/ETFs are too high risk for these investors.

andshar

Hi there, hope my question is relevant and not too naive. I got into this conversation by looking at Martin's artical on discount brokers but noticed that it was a bit old. I recognise that I need to choose the right investments for me - but do you have any advise on the best place to make the investment. Who are the best discount brokers around today or is there another route?

EdInvestor

The ones you mainly hear mentioned for fund investments are Chartwell, Hargreaves Lansdown,Bestinvest and Cavendishonline.

There are a load of different ones if you want a broader range of investments, including shares.

fish10

Edinvestor,
Thanks again for the useful advice, although I don't really understand the quote below. I don't know what you mean by asset allocation (is that choosing funds?) or how to differentiate between those funds which are mixed and those that are not and I thought they were all managed. If I'm being particularly dense, forgive me, I'm full of cold!

"If you're doing your own asset allocation, I am inclined to avoid mixed/ and managed funds with more than the one asset class in them.This is because the freedom these funds give to the manager to switch asset classes, while useful to the investor who hands over all responsibility to the manager, will have the opposite affect on you, just getting your percentages out of whack, without you realising."


"Am I right in thinking you have additional quite large sums of cash on deposit outside this investment pot ?"

I think I said in my first thread that we don't have a lot of savings, previous have been invested in our home. Hence my caution with this little pot of money.

V_2
I found the links on the ISA thread useful reading, along with a few investment magazines. The most useful however has been this chat forum.

fish10

Conrad

B2L is yesterdays scene and not something to touch now.

I used to own a portfolio of UK B2Ls but now sold. Most of my experienced Landlord aquaintences have also sold. The only people buying are inexperienced people who dont reaslise they are too late.

Many of us are now buying abroad. Off - plan from reputable big developers. Then simply 'flip' the contract (sell it prior to buold completion in 2 / 3 years and make heft profits).
Morocco is your best bet. Nearly all the development is by internationaly renowned developers - stick to them.

£60000 would give you a contract to a nice upscale villa or penthouse on the coast.
You should enjoy capital growth in the region of 125%+ in the next 2 years.

Some people have reserved multiple properties with small deposits which means they are exposed to the capital growth on all properties based on full value.

NOTE during the early 1990s I worked in financial services. I was getting into B2L and at that time 99.9% of financial advisers had no concept and no recognition of this hugely profitable investment, in fact the industry has really only recognised B2L as a valid investment recently (10 years too late).

They will say the same about buying abroad but will again be proven wrong. THIS IS THE KEY INVEST PLAY NOW.

Just use your brain and dont buy on emmotion or words. Treble check the developer is large and reputable - never rely on agents promises.

Happy hunting.

Conrad

I forgot to say:

I use funds such as those mentioned above but you must understand you very often quickly loose money on such funds. Ive seen it time and time again. They are really only 10 years + investments.

You will make massively more money with foreign property.