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Should we buy shares or property?
stilllinda
Posts: 8 Forumite
Hi, new to this site, but would like some advice. My husband and I have about £200K to invest. We're not sure whether to buy a holiday home or Invest in stocks and shares.:eek:
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Comments
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My personal choice would almost certainly be "invest". But yours may vary. You should chat to an IFA to work out how much you might be able to spend on holidays from the income gains of any investing you do, as you might not need the holiday home
I am a Chartered Financial Planner
Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.0 -
Do you have other investments? If the 200k is all you have to invest, then buying a holiday home would be putting all your eggs in one basket, and you know what they say about that!stilllinda wrote: »Hi, new to this site, but would like some advice. My husband and I have about £200K to invest. We're not sure whether to buy a holiday home or Invest in stocks and shares.:eek:
".....where it is corrupt, purge it....."0 -
With property appearing to be on the turn (chartered surveyers reporting drops and property invesmtent funds suffering their first quarterly drops since 1992 - mirroring the last property crash) it may not be the best of times to look at property as a 100% investment.
Investing isnt just about stocks and shares. Its about getting a spread of assets across the board. This includes property, cash and fixed interest. If you do want to dabble in property, then you can invest into property funds either the lower risk bricks and mortar funds or the higher risk REIT/share based funds. However, it would only be suitable for a small part of your portoflio and not all in.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
We are now having serious doubts about whether our holiday home will ever be finished. The architect who seemed very keen to project manage our renovation has gone very quiet. French builders have loads of work, so are costly and choosy.
If I had to make the choice now, I would invest the money and leave the graft to someone else!0 -
IMHO, it is all about your aspirations. Buying one as an investment or to rent out is unlikely to make you money. However if you are happy to spend your holidays in the same location, you may get a lot of pleasure which you are unlikely to derive from an investment portfolio.
Choose wisely and you just might have an appreciating asset after you factor in the savings on holiday rentals."A nation's greatness is measured by how it treats its weakest members." ~ Mahatma Gandhi
Ride hard or stay home :iloveyou:0
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