The "Grow your wealth by 12% in 2015" thread!

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  • lalman
    lalman Posts: 279 Forumite
    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. :j
  • 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£4200
  • colsten
    colsten Posts: 17,597
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    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....
  • edinburgher
    edinburgher Posts: 13,422
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    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.
  • ktk
    ktk Posts: 283
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    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!
  • £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£4200
  • ktk
    ktk Posts: 283
    First Anniversary Combo Breaker
    Forumite
    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!!
  • ColdIron
    ColdIron Posts: 8,621
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    edited 30 November 2014 at 4:40PM
    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 area
  • 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£4200
  • ktk
    ktk Posts: 283
    First Anniversary Combo Breaker
    Forumite
    Thank you both!
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