Disposable income

tessy_t

Due to circumstances changing, I am currently selling myhouse and moving to a new area for work. I started the job 18 months ago and during this time I kept my propertyat home and rented a room from a friend near work, I am quite happy with thisarrangement and like my job, so I have since put my house up for sale andeverything is going through to completion in the next few weeks.

Once my house sale goes through, I will be in a quite afortunate position of having a disposable income of over 2k every month, I willbe debt free and will only have a small rent fee to pay my friend each month. My worry is that I don’t have a pension and Ifeel like I should be investing in something, but I’m unsure what.

I am uneasy about getting another property because I wouldhave to get quite a big mortgage to live in the new area, and as I haveexperienced times of unemployment in the past and have struggled to pay mymortgage, I don’t want to end up in that position again. I am single, and my job is contract based,though I feel fairly secure that my current contract will last a few moreyears.

If anyone has advice about investments, I would beinterested to hear.

mgdavid

Property is a solid investment class. If it were me, I would seriously consider keeping the house and letting it. You would expect to at least cover the mortgage and running costs with the rental income, possibly make a small profit. Then you have the capital appreciation over time which you can view as your pension fund.. And you still will have a high disposable income to save for rainy days, hard times, etc.

oldtoolie

Property? Only if you want to be a landlord. If you want to be an saver and investor, just do it. There's plenty of advice out there. SIPPs, ISAs are all good things to consider. Think about your life and don't spend to much time fretting over money. Save a lot and enjoy yourself now and in the future.

Joe_Bloggs

@tessie_t
Will this affect you ? Find out by asking your employer.
J_B.

tessy_t

oldtoolie wrote: »

Property? Only if you want to be a landlord. If you want to be an saver and investor, just do it. There's plenty of advice out there. SIPPs, ISAs are all good things to consider. Think about your life and don't spend to much time fretting over money. Save a lot and enjoy yourself now and in the future.

Thanks, think that is just what i needed to hear.