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

lalman

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.

black_taxi_2

yeah when you hit 50,you start thinking about old age

colsten

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

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

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!

black_taxi_2

ktk


http://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/v/vanguard-lifestrategy-60-equity-accumulation

ktk

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

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

black_taxi_2

1.(I think fair than expensive)
2.longterm safety---peace of mind
3.no hidden charges




excellent website an easy contact/phone

ktk

Thank you both!