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Investments / Investing
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"Posted this is Scotland forum and then realised I should have posted here. Has anyone tried to make their money work them in the investment world? What has everyone done/invested in?" Items I can use and enjoy, if they go up in value it's great and if they don't I've still got them and They're mine to enjoy. | |||
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"Posted this is Scotland forum and then realised I should have posted here. Has anyone tried to make their money work them in the investment world? What has everyone done/invested in? You mean like jewellery or watches etc? Items I can use and enjoy, if they go up in value it's great and if they don't I've still got them and They're mine to enjoy. " | |||
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"Property is best investment. Sally" This.. although living in a development can drain you | |||
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"Property is best investment. Sally This.. although living in a development can drain you" We bought our first house at 22 as a one to do up. Had it valued at quite a bit more than we paid less than three years ago. I want to sell up and do another but mrs is having none of it  | |||
"Property is best investment. Sally This.. although living in a development can drain you We bought our first house at 22 as a one to do up. Had it valued at quite a bit more than we paid less than three years ago. I want to sell up and do another but mrs is having none of it "Exactly what I done.. left a month before i'd been there 3 years with a 40% mark up.. i'm now plastering whilst watching motd | |||
"Property is best investment. Sally" I agree | |||
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"Yeah I figured most would say property. Anyone tried anything else?" Over a very long period of time Stocks and Shares have consistently beaten the performance of the housing market. Unlike houses , you do not incur any maintenance costs or if renting out run the risk of unpaid rent . The advantage of property is that most people borrow on a mortgage to buy it . You are unable to do this to buy a portfolio is stocks and shares . If you use the power of compounding and re invest all your dividend income , the growth on stocks and shares will be even greater. | |||
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"Posted this is Scotland forum and then realised I should have posted here. Has anyone tried to make their money work them in the investment world? What has everyone done/invested in? You mean like jewellery or watches etc? Items I can use and enjoy, if they go up in value it's great and if they don't I've still got them and They're mine to enjoy. " Classic motorbikes are one example I bought several ap50 and fs1e when they were a couple of hundred each and they're now up in the thousands. Its trying to make an educated guess as to what's going to be big next before they fly up in value. Currently have 5 superbikes from the 80's and 90's that I think will grow hugely in value but I ride them all and if they don't I'll get back what I paid | |||
"Posted this is Scotland forum and then realised I should have posted here. Has anyone tried to make their money work them in the investment world? What has everyone done/invested in? You mean like jewellery or watches etc? Items I can use and enjoy, if they go up in value it's great and if they don't I've still got them and They're mine to enjoy. Classic motorbikes are one example I bought several ap50 and fs1e when they were a couple of hundred each and they're now up in the thousands. Its trying to make an educated guess as to what's going to be big next before they fly up in value. Currently have 5 superbikes from the 80's and 90's that I think will grow hugely in value but I ride them all and if they don't I'll get back what I paid" I have seen people claim to make a lot of money from old tractors and lorries . However the returns which they make are difficult to assess because they do not always state how much they spent to get them to the condition that they are in. Luckily motor bikes do not take up a big storage area and you also have the pleasure of using them. Looks like you might be on to a winner. | |||
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"Posted this is Scotland forum and then realised I should have posted here. Has anyone tried to make their money work them in the investment world? What has everyone done/invested in? You mean like jewellery or watches etc? Items I can use and enjoy, if they go up in value it's great and if they don't I've still got them and They're mine to enjoy. Classic motorbikes are one example I bought several ap50 and fs1e when they were a couple of hundred each and they're now up in the thousands. Its trying to make an educated guess as to what's going to be big next before they fly up in value. Currently have 5 superbikes from the 80's and 90's that I think will grow hugely in value but I ride them all and if they don't I'll get back what I paid I have seen people claim to make a lot of money from old tractors and lorries . However the returns which they make are difficult to assess because they do not always state how much they spent to get them to the condition that they are in. Luckily motor bikes do not take up a big storage area and you also have the pleasure of using them. Looks like you might be on to a winner. " Fingers crossed but I won't be gutted if the market value crashes, it got really stupid a few years ago which led to rich people buying classic bikes to put in climate controlled storage as investments. Still thrash mine on warm summer days and evenings although the tyres and brakes are a bit worrying after being out in a modern bike  | |||
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"I am a chartered financial adviser, and have been for 27 years, diversification is key across sectors and geography, fund of fund, manager of managers, are better suited for most mainstream investors but ensure you complete a suitable risk profile questionnaire to ensure your money goes into the right portfolio of the FoF or MoM, trackers or ETF's cheaper, ISA wrap whenever possible and don't invest what you can't afford to lose. Maximise tax free investments like ISA's, don't get put off pensions by thinking they are for old people or the miselling of the past, new pension freedom rules means pensions are a tax free investment with access post 55 if you need the funds. However I must say that you should really take professional advice and not listen to blokes down the pub or sound bites on forums like this albeit from well intended respondents, hard earned money needs to be looked after wisely with regular reviews taking into account all your existing assets,income,work benefits, age, health, risk profile, capacity for loss, expected inheritances, tax, timescales, investment objectives etc etc etc. Investors to me are like "homeowners" Some people are DIY experts and can do work around the house themselves and that's fine, even then they sometimes have to call in a professional to put it right when it goes wrong orbthey are out of their depth, others have no DIY skills at all and call in a professional when needed, others make sure it's built right in the first place and then is serviced every year to make sure if anything goes wrong they get it sorted quickly. Don't worry about the cost of a financial review a good advisor will save and earn you a lot more in the medium to long term that trying to DIY" Wasn't it professional advice(not just financial) that's got the country in a financial and other messes at numerous times over the years ? | |||
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"Some really great replies! What about gold or precious stones, anyone tried that? Would like to reach out to some of you folks if you are open to it?" Gold should always be part of a balanced portfolio, if you have a secure holding place then buying the physical asset is an option or you can buy into a gold fund either via an OEIC or an ETF, but gold like any other asset class is just one asset class, property, equities, deposits,gilts, bonds, commodities, peer to peer, EIS,VCT's,seed EIS's are all part of building an investment portfolio, making sure the investments are in the correct wrapper I.e OEIC,ISA,pension,life fund are also important so you can access when required with the most advantageous taxation based upon your circumstances. | |||
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"Yeah I figured most would say property. Anyone tried anything else? Over a very long period of time Stocks and Shares have consistently beaten the performance of the housing market. Unlike houses , you do not incur any maintenance costs or if renting out run the risk of unpaid rent . The advantage of property is that most people borrow on a mortgage to buy it . You are unable to do this to buy a portfolio is stocks and shares . If you use the power of compounding and re invest all your dividend income , the growth on stocks and shares will be even greater." I agree 100% | |||
Predicted to go up more over next few years. No guarantee but a fairly good bet in my opinion. | |||
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"Some really great replies! What about gold or precious stones, anyone tried that? Would like to reach out to some of you folks if you are open to it?" Have traded gold on a short term basis. On Margin. Not for the faint hearted though. | |||
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"Im investing in debt, alot of it "Have you got some advice on it? Always worth doing. | |||
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