Pension or isas.

Pikeman1

Had a dabble in p2p got about 500 stuck in lendy. Couple thousand in money thing some of that non performing. Got a if sa with assetz capitol paying between 4.1 and 5.7 per cent. Actually would love to put all of this year's isa in assetz capitol be happy with around 5 per cent. But of course if there's a recession all could be lost

Thrugelmir

Pikeman1 wrote: »

But if the markets crash I'll be happy with marcus lol.

Markets don't necesarily crash. Simply underperform for an extended period. For markets to perform, companies need to deliver an increasing level of profits.

Pikeman1

Hope they perform the next 4 years for my benefit I'll be 66 then. But to be honest if I'm ok health wise I'll most likely carry on working if just part time. I suppose with a bit more fore thought should be retired now.

Terron

Pikeman1 wrote: »

Thanks for the replies. Still thinking about buying a property in need of renovation and adding value. Seems like another job in itself though.

I did that when I was 54. Well 2 properties then let them both. I did this in an area I knew (where I grew up), where I had contacts,where an infrastructure improvement (tram line) was likely to increase demand/value. and where rental demand was high.


My first property has done moderately well, my second very well (tenant moved in the day after the renovation was complete and is still there 5 years later, bought for £80k, refurb £8,5k, valued at £94k a year later), .


It can work, but you need trusted advisors.

Pikeman1

The margins do seem tight to make a profit. Bought a flat in 2015 for 66000 pounds spent about 5000 on it. Put a new bathroom in last year. If I put it on the market now I'd ask 80000 pounds put might have to come down a bit for a quick sale. Had 4 different tenants in but that's the nature of flats. Would never buy another flat. Keep the rent in a separate account so I know how lm doing. At the moment there's just over 8000 pounds in that account but out of that is various charges service charge etc. Also the bathroom was paid for out the rent new fencing 400 pounds and new glazing units 700 pounds so the accumulated rent would of been a lot more. Had a bit of hassle with leaks etc. If I'd put that initial 71000 pounds into a pension or isas would I have been better off. That what I'm trying to work out now.