12-11-2015, 04:50 PM | #1 |
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Best investments right now?
We are in process of selling our house and hoping to move next year, and in the move I've got a number of options to consider with the equity from the house we sell:
Put it (almost) all in to the next house or thinking that could pay off one or both cars or could keep some money back and put it in to something else- BTL property, shares etc. Putting it in to the house reduces the mortgage but it won't reduce the interest rate any further and as we won't be borrowing all that much then the monthly payment isn't all that high, so I feel I should try to do something more interesting with the money, but just can't decide what... Stocks aren't really looking that attractive at the moment, and all the recent changes to the BTL environment means I'm not sure that the hassle of owning rental properties is worth it for the gain. Curious as to what other folks views are? Sensible and safe thing to do would just be to pay off at least the wife's car I guess, but it's just so boring!
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12-11-2015, 04:58 PM | #2 | |
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It depends when you got your last mortgage, quite possibly it will have been in the last 6 years so will be cheap as chips, it won't always be like that. I'm in a differnt position where I have a house that will benefit greatly from being extended and will add far more value than the financial outlay so that's where I'm spending my next chunk of cash. |
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12-11-2015, 05:06 PM | #3 | |
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Paying off one car makes sense, but condition of my car allowance is that my car is no older than 4 years means staying in PCPs makes life simpler and easier, or indeed just opting back in.
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12-11-2015, 06:22 PM | #6 | |
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12-11-2015, 06:33 PM | #7 | |
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Having said that Gold is my big tip guys |
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12-12-2015, 02:00 AM | #8 |
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An M3 CSL?.... :
If it were me, I would clear the mortgage, then use the monthly cash you have to invest in stocks and shares.
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12-12-2015, 02:22 AM | #9 |
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Do you have enough spare to invest in a second property for buy to let? Usually 30% deposit i think is the requirement?
Then buy a flat in a city centre, either Glasgow or Edinburgh and rent out to professionals. To put things into perspective, I know someone that bought a £170k flat in Manchester City Centre. and the agencies valued the rent at £1700/m . Granted, it is bigger than your average flat at 1000+ ft, and space is normally a premium. If you can find a gem like that then it makes a good investment.
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12-12-2015, 02:23 AM | #10 |
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I would look at 5 year plans.
What you plan for in, 5, 10, 15 years etc. Spread the money over a few different things. Also does your pension scheme allow external top ups? However, as mentioned look at paying of any existing debts if required. Then there is of course kids and schooling, another huge cash outlay decision / opportunity. |
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12-12-2015, 02:49 AM | #12 | |
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12-12-2015, 02:51 AM | #13 | |
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12-12-2015, 02:57 AM | #14 | |
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So I already have an AVC which I increase each year when I get a pay rise. But with lifetime allowances now in place on pension pots before 55% tax rate kicks in I'm tracking at about the right rate for pensions, hence my looking elsewhere.
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12-12-2015, 02:58 AM | #15 | |
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12-12-2015, 03:40 AM | #16 | |
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I've always been interested in gold or silver. When the zombie apocalypse happens it will be a lot more valuable than an ISA |
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12-12-2015, 03:46 AM | #17 | ||
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12-12-2015, 03:51 AM | #18 | ||
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May depend on how much you're planning to buy. In terms if whether it will be more valuable than an isa really depends on what you put in the isa.... |
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12-12-2015, 04:15 AM | #19 |
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I'd agree with Mark's post above that gold may be looking attractive now. It's had a pretty terrible 18 months or so.
That said I think like everything else a balance likely needs to be struck because as you point out above it pays no dividend and probably won't do that well in a deflationary environment. I would definately consider shares if you're planning to hold for a while. Certain markets I agree look bubbly and may look expensive but there are markets which offer decent value. Emerging market stocks are worth a look as well as certain European markets. That said exposure to the stocks on the UK market will likely do fine over the long term if you're prepared to hold. I don't have the expertise to buy individual stocks in foreign markets (or arguably even in our own ) so I again I tend to invest via ETfs with divs reinvested wherever possible. There are also large numbers of more specialist funds you could consider. I like cyber security as a concept with everything that's going on in the world and recently put a bit of money into a fund that invests in companies engaged in this area. Good luck, world really is your oyster with investments and I'd take time to investigate a few different areas before taking the plunge. Last edited by rich100; 12-12-2015 at 04:23 AM.. |
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12-12-2015, 04:16 AM | #20 |
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Mortgage pay off for me. However that's not the sexy option for potential big gains but it buys peace of mind.
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12-12-2015, 04:24 AM | #21 |
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12-12-2015, 04:36 AM | #22 |
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I may be getting another mortgage next year.
Have first refusal on a property coming up near Speyside. Family friend looking at moving. We had the chance to buy it back in 1988 for about £30k, however stupidly did not. It now has 5 double bedrooms and 2 living rooms perfect to buy and rent out. Ideal for retiring to as well. Will see what 2016 brings. |
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