Please sensible answers.
Been chatting to advisors and they seem like they are just selling me their products. I would rather hear from real people.
What would you guys do if you had 20k to invest, or even 100k?
That's like asking us what is your favorite food without us having any idea of your tastes. We need more info. In particular, what are your investment objectives? Specifically:
1) Are you interested in capital growth or do you want immediate income? 2) How long are you willing to tie up your money? 3) How much risk are you willing to take?There are probably other questions that I didn't think of. I doubt I'll be able to give you advice but anyone who volunteers advice without knowing the answers to at least the three questions above isn't doing you any favours.
- Julian
That's impossible to answer without knowing your attitude to risk. Stick it all on no.6 dog in the sixth race at your nearest greyhound stadium, or stick it in a BS postal/telephone/internet account, or anything in between.
Here's an interesting idea: Premium Bonds. Capital is 100% (near-as-dammit) risk-free. Income is high-risk/high-potential (could win a million, could win nothing).
Maximum allowed is 30K though - so no good for 100K...
Get it in an Ingdirect account asap and start making money while you think about it.
Buy a holiday home.
Buy a bigger holiday home, or preferably five holiday homes.
But then again I know that market and you may not.
where can you buy a holiday home for 20k? or do you mean as deposit?
If you do,dont forget your CGT and income tax....
Italy, Croatia, Romania
What income tax? Oh, you're thinking of the holiday home being let to generate rental income? Hmm, yes, profit would be taxable, but would there be much profit not offset by expenses? One would obviously need to travel there quite often just to, er, keep an eye on it. The travel expenses would soon outstrip the income.
How about Moldova or Romania
Umm no, it costs me less to fly to Italy than it does to get the train to London.
i see turkey is really cheap and prices could rocket if/when it joins eu
bulgaria is joining in a couple of years and already their prices are much higher than turkey
ps. incase you didnt know - i havent got a clue what i am talking about.. well maybe a clue from reading on internet.
Are you barking mad - why all this doggerel
"> Quanto e quel cane nella vetrina (arf, arf)
He's just being cynical, I guess.
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