investments savings what if --

["Earth!" 503]

buy a whore house, i will run it for you grandad

[lapin2008 1,587]

its from sellin on property that i owned and rented out and a small plot of land .. i`ve put some back into another buisness looking for a good return over 2 years .. had a couple of interesting pms-- just wonderd if anyone had any new slants on investment my accountants full of advice -- if anyone had any tried and tested investments ..to be fair i could just sit on it got another property to sell and will make a bit when i downsize more than enough to see my life time out ..

 

Well that's my problem sorted then, just need to sell all my spare houses and land... You must be part of the generation when you could buy a house for £30k and sell it for £130k a few years later, people just don't realise how lucky they are. I need to save 20k or so to get a mortgage, so if I could somehow save £100 a month then maybe in 20 years I could own a house, at todays prices...by then I will probably need 40k. Bit of a lost cause.

Its difficult at the minute to get started but then when you could buy a house for 30K the interest rates were probably 10-15% instead of the current 3-5% so monthly repayments were probably just as high. Also the generation before that people were buying houses for much less (obviously) my old man bought his first house for 4K. In 30 years time people will most likely be saying 'imagine being able to buy a house for 150K?

 

Not even 5 years ago people were still making good money on property, the prices have stalled now and banks are tight when it comes to lending but that will slacken given enough time.and then prices will start to rise again (i dont think we will see the same boom as early 2000s though for a good while)

[GrCh 856]

property its a buyers market right now.

[Ossie n Arch 1,682]

Good quality wine. En primeur. Wine Futures.

 

http://en.wikipedia....wiki/En_primeur

 

.......And if you don't get the return you want at least you can drink it.

[PlasticJock 539]

Good quality wine. En primeur. Wine Futures.

 

http://en.wikipedia....wiki/En_primeur

 

.......And if you don't get the return you want at least you can drink it.

 

 

If I drank 40 grands worth of wine, I wouldn't really want to wake up

 

I'm sure the missus would make sure I wouldn't

[Ossie n Arch 1,682]

Good quality wine. En primeur. Wine Futures.

 

http://en.wikipedia....wiki/En_primeur

 

.......And if you don't get the return you want at least you can drink it.

 

 

If I drank 40 grands worth of wine, I wouldn't really want to wake up

 

I'm sure the missus would make sure I wouldn't

 

Trouble is, 40k of good wine isn't many bottles, unfortunately.

 

 

Just Googled Château Latour 2000.

 

£1500 a bottle, 15k a case. So for your 40k that'll be 30 bottles. :icon_eek:

 

Or how about an '82 Petrus at £6900 a bottle. A case of 6, 34k

 

Madness.

[Ratreeper 441]

its from sellin on property that i owned and rented out and a small plot of land .. i`ve put some back into another buisness looking for a good return over 2 years .. had a couple of interesting pms-- just wonderd if anyone had any new slants on investment my accountants full of advice -- if anyone had any tried and tested investments ..to be fair i could just sit on it got another property to sell and will make a bit when i downsize more than enough to see my life time out ..

 

Well that's my problem sorted then, just need to sell all my spare houses and land... You must be part of the generation when you could buy a house for £30k and sell it for £130k a few years later, people just don't realise how lucky they are. I need to save 20k or so to get a mortgage, so if I could somehow save £100 a month then maybe in 20 years I could own a house, at todays prices...by then I will probably need 40k. Bit of a lost cause.

i was in work that paid well when i left school and started work i kept on my evening work my saturday job and my sunday paper rounds -- paid my first mortage off aged 23 . then i took 2 more on and rented them out me and the mrs both worked full time and ran market stalls on the weekend -- . dont know about lucky it was bloody hard work and a bit of a gamble that paid off .

 

I didn't mean it doesn't take hard work, but I work hard myself (out 12 hours a day) and I have a reasonable salaryfor my age. But I just don't have a hope in hell of saving enough money, nevermind paying off a mortgage in what...6-7 years max?? Who could do that these days, that's what I mean by lucky. But anyway, winners don't make excuses I will find a way. I want to be an apprentice to an antique dealer ( ) on weekends until I am competant to make it work full-time. Most of the people I have met who were wealthy dealt with antiques and had a lot of free time, tis the dream.

[Ratreeper 441]

its from sellin on property that i owned and rented out and a small plot of land .. i`ve put some back into another buisness looking for a good return over 2 years .. had a couple of interesting pms-- just wonderd if anyone had any new slants on investment my accountants full of advice -- if anyone had any tried and tested investments ..to be fair i could just sit on it got another property to sell and will make a bit when i downsize more than enough to see my life time out ..

 

Well that's my problem sorted then, just need to sell all my spare houses and land... You must be part of the generation when you could buy a house for £30k and sell it for £130k a few years later, people just don't realise how lucky they are. I need to save 20k or so to get a mortgage, so if I could somehow save £100 a month then maybe in 20 years I could own a house, at todays prices...by then I will probably need 40k. Bit of a lost cause.

Its difficult at the minute to get started but then when you could buy a house for 30K the interest rates were probably 10-15% instead of the current 3-5% so monthly repayments were probably just as high. Also the generation before that people were buying houses for much less (obviously) my old man bought his first house for 4K. In 30 years time people will most likely be saying 'imagine being able to buy a house for 150K?

 

Not even 5 years ago people were still making good money on property, the prices have stalled now and banks are tight when it comes to lending but that will slacken given enough time.and then prices will start to rise again (i dont think we will see the same boom as early 2000s though for a good while)

 

yeah it's all relative, it's just easier to blame other people than my own lack of ability to be rich. I am just in a situation where I can take the risks I want to...

[the_stig 6,614]

its from sellin on property that i owned and rented out and a small plot of land .. i`ve put some back into another buisness looking for a good return over 2 years .. had a couple of interesting pms-- just wonderd if anyone had any new slants on investment my accountants full of advice -- if anyone had any tried and tested investments ..to be fair i could just sit on it got another property to sell and will make a bit when i downsize more than enough to see my life time out ..

 

Well that's my problem sorted then, just need to sell all my spare houses and land... You must be part of the generation when you could buy a house for £30k and sell it for £130k a few years later, people just don't realise how lucky they are. I need to save 20k or so to get a mortgage, so if I could somehow save £100 a month then maybe in 20 years I could own a house, at todays prices...by then I will probably need 40k. Bit of a lost cause.

i was in work that paid well when i left school and started work i kept on my evening work my saturday job and my sunday paper rounds -- paid my first mortage off aged 23 . then i took 2 more on and rented them out me and the mrs both worked full time and ran market stalls on the weekend -- . dont know about lucky it was bloody hard work and a bit of a gamble that paid off .

 

I didn't mean it doesn't take hard work, but I work hard myself (out 12 hours a day) and I have a reasonable salaryfor my age. But I just don't have a hope in hell of saving enough money, nevermind paying off a mortgage in what...6-7 years max?? Who could do that these days, that's what I mean by lucky. But anyway, winners don't make excuses I will find a way. I want to be an apprentice to an antique dealer ( ) on weekends until I am competant to make it work full-time. Most of the people I have met who were wealthy dealt with antiques and had a lot of free time, tis the dream.

get round the carboots at the weekend -- learn what to buy sell it on ebay or get to the local auction house buy the job lot boxes and carboot them you can top your wages up by a couple of 100 quid a month my daughter buys branded named cloaths shoes and hand bags and makes a decent wedge out of it shoes she paid 20p for at a jumble sale sold for 9 quid on ebay ..shes saving up for a narrow boat - cheaper than renting and a lot more fun .. Edited March 22, 2012 by the_stig

[whisperingeye 27]

depends on your income now?

if your on a low income issa s dont really matter,

40k

well try a painting or 2 and say

a car another

a deposit on a house to rent as a holiday let if you in a good area,there you get capital growth and an income :hmm:

or a house and rent it,houses are at there cheapest there ever going to be and think of the returm,

banks are paying nothing you might get a bond at 4% but still about £160 a month before tax,

so go down the bricks and morter route :yes:

[Ratreeper 441]

its from sellin on property that i owned and rented out and a small plot of land .. i`ve put some back into another buisness looking for a good return over 2 years .. had a couple of interesting pms-- just wonderd if anyone had any new slants on investment my accountants full of advice -- if anyone had any tried and tested investments ..to be fair i could just sit on it got another property to sell and will make a bit when i downsize more than enough to see my life time out ..

 

Well that's my problem sorted then, just need to sell all my spare houses and land... You must be part of the generation when you could buy a house for £30k and sell it for £130k a few years later, people just don't realise how lucky they are. I need to save 20k or so to get a mortgage, so if I could somehow save £100 a month then maybe in 20 years I could own a house, at todays prices...by then I will probably need 40k. Bit of a lost cause.

i was in work that paid well when i left school and started work i kept on my evening work my saturday job and my sunday paper rounds -- paid my first mortage off aged 23 . then i took 2 more on and rented them out me and the mrs both worked full time and ran market stalls on the weekend -- . dont know about lucky it was bloody hard work and a bit of a gamble that paid off .

 

I didn't mean it doesn't take hard work, but I work hard myself (out 12 hours a day) and I have a reasonable salaryfor my age. But I just don't have a hope in hell of saving enough money, nevermind paying off a mortgage in what...6-7 years max?? Who could do that these days, that's what I mean by lucky. But anyway, winners don't make excuses I will find a way. I want to be an apprentice to an antique dealer ( ) on weekends until I am competant to make it work full-time. Most of the people I have met who were wealthy dealt with antiques and had a lot of free time, tis the dream.

get round the carboots at the weekend -- learn what to buy sell it on ebay or get to the local auction house buy the job lot boxes and carboot them you can top your wages up by a couple of 100 quid a month my daughter buys branded named cloaths shoes and hand bags and makes a decent wedge out of it shoes she paid 20p for at a jumble sale sold for 9 quid on ebay ..shes saving up for a narrow boat - cheaper than renting and a lot more fun ..

 

Already on it my friend, I am up early every Sunday for a mooch around for stuff to sell and off to auctions when I have a few pennies to spend. Just bought a Daiwa fishing pole I can make a quick £20-£30 on, the best bit being I got a very old axe/cleaver I can use for ferreting and a sharpener free with it But I need to learn what will sell, without needing storage or large amounts of money which is tricky.

I have already lived on a narrow boat too, it is great fun in the summer but my advice for your daughter would be to make sure it is extemely well insulated, with a good heating system even if it costs a seemingly disproportionate amount it is definitely worth it. I was relying only on a wood burning stove and an electric blanket, which gets a bit old when you get home freezing cold with wet feet and you have to light a fire and wait an hour to feel the benefit.

[gnasher16 30,281]

Not to make light of it as i admire anyone who can work a pound note.........but say you make your 30 quid on this fishing pole,are you taking into account travelling time to the auction/boot sale,the time you spent looking around for it,the time its going to take to advertise/be at home when the person comes round to buy it........probably comes out about the same hourly rate you could of got working in Mcdonalds......all that sort of game is probably nice if you have a passion for it and see it as a hobby/interest.....but the minute you see it as work is the minute you cant afford to make mistakes and then its not quite so enjoyable.

Money dont necessarily bring enjoyment or a fulfilled life.....different experiences do.

[the_stig 6,614]

Not to make light of it as i admire anyone who can work a pound note.........but say you make your 30 quid on this fishing pole,are you taking into account travelling time to the auction/boot sale,the time you spent looking around for it,the time its going to take to advertise/be at home when the person comes round to buy it........probably comes out about the same hourly rate you could of got working in Mcdonalds......all that sort of game is probably nice if you have a passion for it and see it as a hobby/interest.....but the minute you see it as work is the minute you cant afford to make mistakes and then its not quite so enjoyable.

Money dont necessarily bring enjoyment or a fulfilled life.....different experiences do.

your right you have to take your expenses into account - the game changes gnash when you buy 10 fishing poles ..i started off as a hobby years ago just upped the game -- you can make mistakes i humped a wardrobe and a dressing table downstairs and onto the van from a house clearance drove it 20 mile to auction it sold for a fiver less my commision and bits i made £1-75 i once bought a granfather clock without viewing it all the other dealers left it alone it had no guts in it and was full of woodworm i`d just bought a clock face and some firewood for 75 notes -- you soon learn from your mistakes ..

[lukey 1,621]

Stig,...Whats the best thing you have got on the cheep n made good money on?

[gnasher16 30,281]

I know what all thats about mate i had my years of buying and selling......we look at it as though its just a bit of fun and an interest on the side......but it never is thats just human nature.