My investment performance in 2016

guitarman001

TallGirl wrote: »

Premium Bonds?

Somebody else mentioned this.
I could get some prizes... or I could get nothing.
I've never truly considered it so will check it out.

Doshwaster

guitarman001 wrote: »

Nope - genuinely no idea. Regular savers max out at 2.5-3k for the year. Other accounts have limits and then require 2 DDs per account. There aren't enough accounts / DDs - I'm not buying a place to live just yet but don't want to stomach too big a loss on shares so I'm in a sticky situation regarding what to do with it.

Unfortunately if you want to open up to the possibilities of inflation busting returns you have to accept the possibility of losing some money in the short term. If there was a no risk way of getting 5% a year on tens of thousands of pounds then we'd all be doing it.

economic

darkidoe wrote: »

With what you have, it is not currently at the most ideal state. I would get rid of that mortgage (liability) as soon as possible and then start working on building up assets.. I am in the camp that takes the opinion that a home should not be considered an asset.

It doesn't matter if your networth is million or not, if you can attain assets that generate an income for you that meets your expenses, you have the choice to quit the rat race. Most people don't have income generating assets and own liabilities and have too high expenses to sustain themselves if they choose to quit, hence they are 'slaves'.

This is truth at every level of income.

my mortgage is easily manageable and with the low rates i rather keep the mortgage and have the cash/investments. my LTV is around 45%.

economic

economic wrote: »

my mortgage is easily manageable and with the low rates i rather keep the mortgage and have the cash/investments. my LTV is around 45%.

and just to add i see my property i live in as an asset not a liability even though i have a mortgage. i pay mortgage of £500 a month (reduced from £700 as decided to underpay due to low rates) and i still am repaying the mortgage back bit by bit. i also have a spare room let out for £700 a month (tax free). adding the rent i do not have to pay if i didnt own, my property is very very valuable to me as an asset.