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The "Grow your wealth by 12% in 2015" thread!
Comments
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Good strategy racing blue. Is the property next door for sale and do you have experience in building properties?
Mine is to buy 1 or potentially 2 flats this year with an above 6% return but have the term of the mortgage lower and use the excess income to pay off the mortgages quicker.My Goal: From 1st of Jan 2015 to 31st of December 2015 is to save 30000.
48.78% towards 2015 target.
105.3% towards 2014 target. :j0 -
yeah when you hit 50,you start thinking about old age£48515 interest £181 (2009)debt/mortgage-MFIT/T2/T3
debt/mortgage free 28/11/14
vanguard shares index isa £1000
credit union £400
emergency fund£500
#81 save 2018£42000 -
black_taxi wrote: »yeah when you hit 50,you start thinking about old age
that's a bit late if you want to have a reasonable standard of living later on, especially if your life expectancy is 90+ years.
But better at 50 than never....0 -
Mine is to buy 1 or potentially 2 flats this year with an above 6% return
Ooft, you'll need considerably above 6% yield to make it as a successful BTL landlord.0 -
black_taxi wrote: »I'm mortgage free today,investing for 1st time jan
so swapping mortgage payments for
Vanguard LifeStrategy 60% Equity Accumulation
Who are you using for this? I am in a similar position and am a bit overwhelmed by it all!0 -
£48515 interest £181 (2009)debt/mortgage-MFIT/T2/T3
debt/mortgage free 28/11/14
vanguard shares index isa £1000
credit union £400
emergency fund£500
#81 save 2018£42000 -
Thank you black taxi. Why did you choose HL? I thought that they were expensive for this investment, with Charles Stanley often recommended. Looking at your posts I think I am in a similar situation to you, and a similar age profile, looking to secure at least a comfortable future that does not require me working til I am 70!!0
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Charles Stanley would indeed be cheaper than HL but if you are going to invest for your retirement why would you not use a pension? You get at least 20% tax rebate on contributions and up to 25% tax free at the other end. Do you have a company pension scheme? If so you should take advantage of the employer contribution, more free money. You can still hold VLS in a SIPP or personal pension
Edit I am assuming black taxi does not use HL for a SIPP, HL are more competitive in that area0 -
1.(I think fair than expensive)
2.longterm safety---peace of mind
3.no hidden charges
excellent website an easy contact/phone£48515 interest £181 (2009)debt/mortgage-MFIT/T2/T3
debt/mortgage free 28/11/14
vanguard shares index isa £1000
credit union £400
emergency fund£500
#81 save 2018£42000 -
Thank you both!0
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