Investing £70k tomorrow!!!

Cautious_Investor_3

feesarefare wrote: »

What do they charge for that advice?

A fair amount for the work agreed and carried out.

It is easy to see if an IFA adds value when managing cash, I believe there are circumstances when they do.

The Cautious Investor

jayme1

Cautious_Investor wrote: »

So to paraphrase, providing the market has not fallen you will be able to make a profit?!? Genius investment logic!

Which one of higher inflation leading to higher interest rates, tightening lending criteria, students leaving Uni with higher debt and rising unemployment will push house prices up over the next couple of years.

Property is like any other asset classes, it is perfectly possible to lose money on it, the sooner people stop thinking that money will always be made from property the better.

The Cautious Investor

mike88 wrote: »

I agree. Buyers of properties at the bottom end of the market in particular are likely to be few and far between. Uncertain security of employment, student debt coupled with stricter bank lending criteria will conspire to stifle demand and increase supply resulting in lower prices.

The property investing boom is now likely to be a thing of the past.

If the OP is looking to invest in a property in 2 years time the chances are that the price he will pay will be lower than if he bought one today. On that basis a fixed term savings account could turn out to be a good bet.

It's all about the right property :cool:

feesarefare

Cautious_Investor wrote: »

A fair amount for the work agreed and carried out.

Can you be more specific- I would have to charge at least £720 - which would mean the interest would need to be substantially more to justify that cost.

It is easy to see if an IFA adds value when managing cash,

Im not being funny, but how does an IFA demonstrate this

I believe there are circumstances when they do.

Undoubtedly , but I dont think so in this case.

Cautious_Investor_3

jayme1 wrote: »

It's all about the right property :cool:

No sh*t sherlock!

jayme1

Cautious_Investor wrote: »

No sh*t sherlock!

:rotfl::rotfl::p

dunstonh

On simple short term savings options then its largely pointless paying an IFA to tell you what is effectively sitting there in the savings account list. There is no real planning element here and there is no real regulated advice issues. Its effectively "what is the best savings account for my savings for a couple of years".

mike88

I hope the original poster is able to provide feedback. If he keeps his appointment with the bank will they persuade him to invest in equities even though he needs to withdraw his money in 2-3 years?

feesarefare

mike88 wrote: »

I hope the original poster is able to provide feedback. If he keeps his appointment with the bank will they persuade him to invest in equities even though he needs to withdraw his money in 2-3 years?

So do I.

I fear the worst though, his/her absence this morning means the appointment has probably been kept.:(

donkingkong

Stick £40k in a Santander First Home Saver (5%), £20k in 3 Lloyds Vantage current accounts (4%) and the rest in the top savings account. Where shall I send the invoice?

bobbyj_2

anyone who 'pays' someone else to invest their cash is a mug and a lazy one at that. Of course the masses do this as they think safety in numbers and all that nonsense. The astronomical charges and matching underperformance is truly astonishing. You'd be better walking past the bank and into a bookshop and teach yourself how to do what you are about to pay for.