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What would you do with £100k?
Comments
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chucknorris wrote: »I have ftse 100 and all share trackers and I am happy with them.
I bet I'm happier with my trackers that also have exposure to US, Europe, Asia, EM, etc. and rebalance between them, and even happier with those that include other asset classes.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
gadgetmind wrote: »I bet I'm happier with my trackers that also have exposure to US, Europe, Asia, EM, etc. and rebalance between them, and even happier with those that include other asset classes.
Maybe so but I bet I am happier with my property investments than your trackers.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
chucknorris wrote: »Maybe so but I bet I am happier with my property investments than your trackers.
Yes, there's a lot to be said for multi-asset approach and diversity within these asset classes, which was the thrust of my argument.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
chucknorris wrote: »I have ftse 100 and all share trackers and I am happy with them.
Do you realise that they are virtually identical in terms of percentage holdings as they are market cap weighted? You are still restricted to UK market only even though they companies derive a lot of income overseas - just like Vodafone.berbastrike wrote: »I don't need access to the cash but will need in 2 years when I move out.
Would it be a good idea to buy a house for £100k and let it? Would the % of net income be greater than 4%?
If you have the money to buy a house now is there a reason why you don't just buy it and move out? Buying to sell so soon will eat up a lot in fees and if prices drop then you've lost money too. At least if its your home you'd be less worried about that.Remember the saying: if it looks too good to be true it almost certainly is.0 -
i wouldn't be tracking the FTSE at the moment.
i would either choose to take some risk, and get stuck in.
or stick to cash & maximise as best you can, including S123s, for which setting up DDs is straightforward. for 5 Halifax Rewards and S123 accounts i use Tesco Savings, 2 Credit Unions, 3 Friendly Societies and 1 Building Society.0 -
Buy a house, rent it out, sell it when the market improves.
My parents have 3 houses in the area and have always had enough money to live quite comfortably. They always say there is money in bricks and mortar.0 -
Do you realise that they are virtually identical in terms of percentage holdings as they are market cap weighted? You are still restricted to UK market only even though they companies derive a lot of income overseas - just like Vodafone.
I must admit that I thought the ftse 100 was only 100 companies and the all share was many more, but to be honest I really don't care, its just that we had so much in property I/we wanted to diverse a have at least something in shares (and also my pension too which I also invested in). To put it into perspective my (not incl. wife's assets) net worth portfolio is currently:
62.7% property
8.9% shares
11.5% pension (defined benefit, valued as if buying an equivalent annuity)
16.9% cash (looking to decrease this)
EDIT: Although now as I said above we are looking at investing more into property again, so the plan to start diversifying is being shelved for now.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
Don't forget you'll need 2 of those savings accounts. I'd originally opened just one Tesco savings account and Santander treated the 2 DD that I set up as just one (as they shared the same mandate). That was a nasty surprise. Easy enough to open 2 Tesco savings accounts though.
When I opened them a couple of months ago, there appeared to be no limit (currently have 3 + 1 joint). That may have changed now though.
This thread from June covered Santander's introduction of a limit of two 123s per person, now reflected in the terms on their website: "A maximum number of two 123 Current Accounts can be held at any one time. These can be held in single or joint names", although I'm not aware of anyone with more than two (opened before the limit was introduced) having any issues.0 -
3 cheap BTLs? Use your capital as the deposit.2018 totals:
Savings £11,200
Mortgage Overpayments £5,5000 -
Aldermore are offering 1.85%, 2.15% and 2.4% for a 1, 2 and 3 year fix which is not great but better than the 1.5% you mention if you just want to park your cash again0
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