Where to Invest?

newb22

Hey,


I have £30,000 and I was wondering if anyone has any ideas where/how best to invest this money. I have no debts.

colsten

You need to provide a lot more information if you expect any sensible answers.

For example:

What are your plans for the money? How old are you? What pension arrangements do you have? How much of the money would you be prepared to lose? What are your mortgage arrangements? What is the size of your emergency cash reserve? What is your tax rate? What if any dependants do you have, how are their financial needs met? How much do you know about investing?

newb22

Hello,

Thanks for your reply.

Additional Information:

I'd like to make a return from my money.
I'm 24.
I don't have a mortgage.
Prepared to take a high-ish risk investment.
I have an extra £10,000 saved.
My money isn't taxable.
No dependants.
I don't know much.

Totton

You really need to be aware of your attitude to risk, are you happy to go through periods of reduced capital before seeing a return, for example if markets tank you could easily lose 25% or more if not careful where you invest.

If you are definately tolerant to risk then take a look at stuff like Healthcare, Biotech, Japan etc. Personally I'd opt for 3 or 4 Investment Trusts such as Scottish Mortgage (SMT), Brunner (BUT), Law Debenture (LWDB), Aberforth (ASL) or Henderson Smaller Companies (HSL) etc. Perhaps 1 x Global, 1 x UK and 1 x Healthcare (Worldwide Healthcare (WWH), International Biotechnology (IBT) or Biotech Growth (BIOG). For slightly lower(ish) risk, substitute Scottish Mortgage for RIT Capital Partners, forget Healthcare and perhaps give serious consideration to the likes of Personal Assets Trust (PNL), Capital Gearing (CGT) etc.

On the other hand there are many other options, hopefully you'll get some good ideas. For example, opt for one long term buy and hold Investment Trust such as Brunner, Witan, Caledonia, RIT or even F&C IT or Alliance IT.

Just ideas...

colsten

newb22 wrote: »

I'd like to make a return from my money

Does this mean you need a regular income from the investment?

newb22 wrote: »

My money isn't taxable.

Is this your way of saying you are not working at present? How are you funding your ongoing expenses - do you need any of your £30K (or is it £40K) in the foreseeable future? If so, how much & when (approx)?

These are additional questions.....the more you answer, the better responses you can expect.

dunstonh

Prepared to take a high-ish risk investment.

So, you would have no problem with your £30k becoming £12k in any given 12 month period?

newb22

Thank you for your replies, and thank you for your ideas totton.

I don't NEED a regular income, I would eventually like a profit.
I am working full time just the 40k I currently have is not taxable.
I'd like to keep 10k in an account which leaves me with 30k.
I don't need any of the money in the foreseeable future.
I'm ok with the possibility of a potential moderate loss, rather than sticking my money in an ISA at 1.5% or whatever.

Has any one heard of any of these companies - Crowd2Let, The House Crowd, Property Moose, if so, any thoughts?

L x

newb22

Also just a warning - I received this in a PM from a poster who only has 7 posts and is posting from Kenya.

Dear newb22,

Please allow me to share with you an investment idea which you can think about it and then let me know whether you would be interested.

I have a horticultural farm project overseas which has an excellent potential of good returns. If you would be interested; we can pull our resources together for our mutual benefit.

Please reply and I will appreciate to guide you through and give you more details.

Best Regards,
entrepreneur1

alexanderalexander

newb22 wrote: »

Has any one heard of any of these companies - Crowd2Let, The House Crowd, Property Moose, if so, any thoughts?

I haven't, but I know the sort of thing -- they're either collective investments in buy to let, or peer-to-peer BTL lending. My cynical view is that the increase in number and prominence of this sort of investment scheme is a good early contrarian indicator regarding the housing market....

Is there any particular reason why you've thought of indirect BTL investment above the much more mainstream investment of equities? If you do want to invest in BTL, I would suggest the main financial benefits of that type of investment come from doing it directly (although it is a big step as you'd effectively be running a business). If you want to put your money into fund I would suggest some carefully selected index trackers or investment trusts, if possible choosing a contrarian entry point for whatever sectors you're going for.