85k to invest for 4/5 years advice please

mutley74

deefadog wrote: »

Thansk atpug, yes that is still one of the options, but investing abroad does seem attractive and with the benefit of ending up with a continuing investment out there whilst paying off my own mortgage.

Yes that’s is right too. But investing abroad does not guarantee any returns and you could always lose what you invest. It’s a good idea if you have sufficient income and other savings available in case your investments don’t perform very well.

Its you cash and thus your decision at the end of the day. Personally I would consider reducing as many debts as one has as priority including a mortgage.

all the best

cheerfulcat

investing abroad does seem attractive

This is not investing, it is speculating and as such, highly risky.

with the benefit of ending up with a continuing investment out there

Alternatively, with the millstone of an unsellable property for which you paid far too much round your neck for the next 10 or 20 years. Your own original idea was a far better one, I'm afraid.

deefadog

Yes it is a risk, but it be trend apon very carefully. It's just an option at this stage i have checked the company in question and i will be protect via the bank if it all hits the fan as it were.

I may invest a small proportion of the cash towards it.

cheerfulcat

Out of interest, deefadog, could you name the company involved? PM me if you'd rather not name it in public...

EdInvestor

Overseas property is definitely high risk if you have no experience.

Have a look at this article

Cyprus offers a good long-term investment but there is not an established resale market, like there is in Spain. In the short term, investors will struggle to sell new builds on and there may not be much call for rentals.

The FIRST thing to check out is your "exit strategy" - how to get your money out if you need to withdraw it.

All to often, as here, you are likely to be unable to do it without making a loss.

deefadog

Thanks all, good articale Ed, thanks