Put your money in a hole in the ground

kidmugsy

Hominu wrote: »

So I am, but if you think of it, the last property I bought cost me £100,000. It brings in £4800 per year. Thats 4.8% return per year and unlikely to devalue, if anything, I expect the price to increase over the next 20 years.

Of course, its not instant cash and I would have to sell it should I want that cash, but at least the government can't say they want 10% of it!

You rule out all thoughts of future property taxes, then?

evenasus

Hominu wrote: »

So I am, but if you think of it, the last property I bought cost me £100,000. It brings in £4800 per year. Thats 4.8% return per year and unlikely to devalue, if anything, I expect the price to increase over the next 20 years.

I was a landlord - sort of, quite a few years ago.

My husband was seconded to an African country for several years and decided to rent our house out, rather than sell it.
My sister-in-law managed the rent collecting but she did have problems along the way with a couple of the tenants.

Four months before we were due to finally come back to the UK for good, we gave notice to the tenant.
The tenant was a legal secretary and decided she was not going to move out.
She did in the end but it was a bit hairy for a few weeks.

Apart from which, buy to let is something I don't agree with. I think it had a lot to do with inflating house prices and rents.

typistretired

jimjames wrote: »

Which shares have reduced? If you had a balanced portfolio you should be sitting on close to a record investment pot at the moment.

If your main priority is an increased income then it seems to me that having a proportion in shares and bonds would be worthwhile. When there is the potential for people to have 30+ years of retirement having an income that maintains its purchasing power long term would seem to be essential.

Okay is was about 2006 when I had a large unit trust isa in company bonds just got out before the prices dropped.

Not got the time to watch the stock market anymore prefer to watch savings. However wish I had bought M&S shares before this buy out was announced.

jimjames

typistretired wrote: »

Okay is was about 2006 when I had a large unit trust isa in company bonds just got out before the prices dropped.

Not got the time to watch the stock market anymore prefer to watch savings. However wish I had bought M&S shares before this buy out was announced.

Which buyout would that be? The one being denied today by Qatar?

I would have thought 2006 was a great time to sell and buying back in again in 2009 would have been perfect way to build your assets up.

ScottWhiliams wrote: »

At least bullion is going up every year while fiat currencies are going down every year.

You might want to clarify your definition of EVERY year in case the less informed believe it without checking thinking it is some form of guarantee.

grey_gym_sock

so, not every year?

JohnnyJet

Well just got in from the garden after digging my hole, unfortunately it started to rain and the hole started to full up, can you imagine my disapointment when I came across a previous post suggesting I use a company called "We will dig a hole for you dot com". I only wish I had seen this before I got soaked today.

Anyway it's a bit late now but first thing in the morning I am going to contact them to see I they can advise me on what sort of container I will need to put my money in (Not sure if this is their field of expertise but it's worth a go). I am a little risk averse and I am worried that if I put the money in the wrong container then the damp or even worse worms may start to eat into my savings. Should I consider buying gold or silver maybe and finding someone that could melt it down to form a box or something? that way I wouldn't need to store paper money at all. Will let you know how my call goes tomorrow.

maryjanell79

I love how threads like this end up inadvertently opening a debate! Yes due to the economy right now money isn't worth the paper it's printed on but do we panic, buy gold until the value of money again gains worth or do we make some wise investments now that could pay off big time in a year or so?

Cash is not going anywhere any time soon.

Ark_Welder

http://globaleconomicanalysis.blogspot.co.uk/2013/03/spanish-firm-markets-mattress-with.html

cepheus

zaax wrote: »

Its looking like the safest place for your money is not money the bank, but somewhere else, and the safest porven place is a hole in the ground. Every so often we hear of people finding a goldern horde which has been in the ground undiscovered for 100’s of years.

So before you loose your money to the government, get it out in gold and put either under the mattress or a hole in the ground where only you know about it.

Aren't you a bit old for believing in Leprechauns?