How would you invest £40,000ish?

R.O.S.S.I

R.O.S.S.I

R.O.S.S.I

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Hello all, purely theoretical, I've not come into some nice windfall of money but was just talking in the pub with friends about what you'd do if you won £50,000. Don't know where the figure came from was just a number we plucked up. Now I said i'd use £10,000 to pay off some debts and have a nice then holiday, then probably try and invest the rest in some way. Just curious as to what you guys think is the best way to invest said amount of money?

Just with all the talk of absolutely crud rates on ISA's and bank accounts in general, premium bonds not being that great either and more of a 'punt' than an investment, short of putting it all into investing in property or something, we couldn't think of many different ways to invest that were fairly low risk!

Anyone any suggestions?
 
A house, preferably near a university. You'll make income with rent and the house price will increase each year when the economy picks up. This is my plan in the future :)
 
Jake's idea is pretty good, I know a few people who do this and have a nice steady income which pays for the cost of the house + a little some.
 
Jakeee said:
A house, preferably near a university. You'll make income with rent and the house price will increase each year when the economy picks up. This is my plan in the future :)
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If things return to the way they were before the economic crisis (fat chance imo, or if we do we're even more stuffed the next time). Otherwise there will be better ways to invest that amount of money.
 
LiE said:
Jake's idea is pretty good, I know a few people who do this and have a nice steady income which pays for the cost of the house + a little some.
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A good friend of mine owns loads of flats in a city area, rakes the money in. He sold half right before the recession and bought a load more for the same money. Very clever guy. I'll be investing all my savings into houses, either that or whey protein shares, that is are about to explode in price. since coca-cola pre-ordered most of the worlds stock . . .

FirebarUK said:
If things return to the way they were before the economic crisis (fat chance imo). Otherwise there will be better ways to invest that amount of money.
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So wrong, everyone needs housing. People who can't afford a mortgage will turn to me, people who will lose their house due to debt and mortgage will turn to me. Profits from rent will either go into the house to increase its value or onto a new mortgage and start letting that house.

The economic crisis was worse when Thatcher was about, that soon improved just like this one.
 
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Jakeee said:
A house, preferably near a university. You'll make income with rent and the house price will increase each year when the economy picks up. This is my plan in the future :)
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£50k on a house?, even media studies students have some standards;)
 
Japan will recover one day.

Could be a profitable place to start there now


/Note im an accounted and dont play with the share market or really have any money to my name. If you take this advice and it fails then its your own fault :p
 
Bill101 said:
£50k on a house?, even media studies students have some standards;)
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Wales, house prices can be decent if you're willing to do them up a bit :)

Zip said:
Japan will recover one day.

Could be a profitable place to start there now


/Note im an accounted and dont play with the share market or really have any money to my name. If you take this advice and it fails then its your own fault :p
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You are so right, buying land and buildings over the for low price is an ideal investment. Take advantage of the situation :p
 
Jakeee said:
So wrong, everyone needs housing. People who can't afford a mortgage will turn to me, people who will lose their house due to debt and mortgage will turn to me. Profits from rent will either go into the house to increase its value or onto a new mortgage and start letting that house.

The economic crisis was worse when Thatcher was about, that soon improved just like this one.
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LOL worse than when Thatcher was about - basically this financial crisis hasn't been solved yet & it's likely that it's impossible to 'solve', the debt involved is simply that massive. This country can't cope with interest rates of 5%, that's 1/3 the base rate of interest compared to 'when Thatcher was about' (well o.k. just after she was about ;)). The current rate of 0.5% is 30 times lower than 15% & the economy is struggling to cope at that!!

Re: rents, I live in Oxford & there are a huge amount of flats/houses that sit empty unlet. If you own the place outright it isn't so bad, but if you have a mortgage to pay off.........!
 
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Adam said:
And sell them to whom? If mortgages and jobs were freely available in these places then the houses wouldn't be worth £50k in the first place...
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Houses look like a fantastic investment at the moment (for short sellers/spread betters :D)

http://www.landreg.gov.uk/assets/library/documents/HPI_Report_Feb_11_x1p5cst.pdf

5567819056_84a4845d0c.jpg
 
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I guess i would stick it into my mortgage account and life the high life with my £66/month in interest that i would save. wooo. :p
 
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