Invest now or hold?

[Nearly]

if it cant why bother,

I sometimes ask myself.

 

[Wilksy]

I won 1k on them this morning

There you go! Good work!

 

[Hilly]

There you go! Good work!

Ive been waiting 30 year mind

 

[Harvey the rabbit]

Surely paying off your mortgage would be the first thing to do.

If your looking at btl, that's the worst thing you can do, cuts out half the lenders if you've no personal mortgage

 

[Wilksy]

Ive been waiting 30 year mind

Still a good win, Could be the one mil in July!

 

[Hilly]

Still a good win, Could be the one mil in July!

Their is the carrot right their !! very nice win not often i dont get at least 25 , i thjnk its needs to go back to 50 minimum you dont get much for £25 these days .

 

[AvonValleyFarmer]

If your looking at btl, that's the worst thing you can do, cuts out half the lenders if you've no personal mortgage

Maybe. But it puts you in a better overall financial position imo.

 

[som farmer]

know someone who has money invested in 'peer to peer' lending, reckons on an 8% return, with very little risk. Sounds good, but my money walks on four legs, which sometimes seems a bad idea.

 

[Derrick Hughes]

You could just use it to pay your monthly fuel bill , just to get today's values into perspective, it would buy 3 push bikes , but Yiu never see a farmer on a bike

 

[Highland Mule]

Maybe. But it puts you in a better overall financial position imo.

For you, possibly, but not for all of us. My mortgage is at a very low rate (0.17% above BoE, tracked) and there is no point in paying anything off early, even although I have money to cover it available. In fact, I’ve extended the repayment period until my 70th birthday, just because I can.

So much depends on the individual circumstances that it’s impossibly to give any meaningful advice. For some, the
figure in the OP is trivially small, for others it’s a life aspiration. Without that understanding who can advise?

I would repeat the advice given above though - 1: find a financial person who you trust to give all the information to and make use of their advice. 2: start a pension with some of it, so that you have the tax year’s allowance available to you for the next 4 years.

Also have a think - the £40k in the OP’s bank account has cost them £50k+ to get there - if it had gone into a pension (withdrawal possible from age 56) it would have been grossed up for tax and probably worth a whole lot more.

If it were me, I’d stick it into an ISA tracker fund with HL and hope I’d picked a good one. Instant withdrawal, some risk and a reasonable amount of inflation proofing.

 

[icanshootwell]

I think for me, if i do end up with any spare cash, I will invest into a future classic, possibly a car or tractor, something you can have some fun with, the limited edition stuff always do well.

 

[Harvey the rabbit]

Maybe. But it puts you in a better overall financial position imo.

I assumed the same, were currently buying a btl so have been using a mortgage broker, he made it very clear that we shouldn't clear our mortgage, even if we only owe a grand, it still shows us a lesser risk to lenders

 

[warksfarmer]

The business is not in ag its joinery
Been running by myself with wife helping paperwork side ,for 15 years always been busy with 3 months work booked up so i could expand to build a bigger workshop and bigger kit,
Earn comfortable enough living from it now though,
and if we do go into recession (likely in the next 2/3 years?)work could dry up
so ,
The long term i have always viewed property is where to chuck any money i have saved,
Im aged in 30’s,and its taken 4years to save the amount i have now.
And about to have another child on the way this year,

Dont know if the property market will have a correction in next 5 years or so and could grab a house cheaper ,then they are now?or
in those years to the correction will prices still creep up so better to jump on now ,
,once on the market any blips , wouldn’t bother me as in it for the long run20-30 years.


Or have thought about doing both borrowing to expand business and use own saving for property but
i would be very low on any savings and if expansion didn’t work or recession hit or property let out issue,
it would be doable but a big struggle to cover all outgoings if one or both ventures had issues.
But returns could be there if brave enough?

I think we might see localised property corrections rather than countrywide. Sort after areas will always command a premium but for example around here I can think of about 40,000 houses going up within a 10 mile radius. That’s on top of what already exists so we could see a drop here due to supply outstripping demand in a recession. We are selling one because of this. It’s gone up by 45% since we bought it so it feels the right time to move it on taking a 2-3 year view ahead.

 

[robs1]

I think we might see localised property corrections rather than countrywide. Sort after areas will always command a premium but for example around here I can think of about 40,000 houses going up within a 10 mile radius. That’s on top of what already exists so we could see a drop here due to supply outstripping demand in a recession. We are selling one because of this. It’s gone up by 45% since we bought it so it feels the right time to move it on taking a 2-3 year view ahead.

There may be planning for that number but they only build a few at a time to keep demand up.
I've sold both my btl over the last two years and put more into industrial let's at home, better return

 

[warksfarmer]

There may be planning for that number but they only build a few at a time to keep demand up.
I've sold both my btl over the last two years and put more into industrial let's at home, better return

They are building them right now.

 

[robs1]

They are building them right now.

Yes as they are round here, a few at a time, supply and demand balance keeps prices high, if only farmers did the same

 

[CPF]

I was speaking to my mate in Tasmania and the subject of property prices came up in conversation .
The property market has fallen by over 20% in last few months and the Australian market is falling as-well it’s all on the news here.
With the rising interest rates and everything else going up are starting to bite.
I now it’s the other side of world, but could be the start of downward spiral world wide .

 

[warksfarmer]

Yes as they are round here, a few at a time, supply and demand balance keeps prices high, if only farmers did the same

There’s no little and often around here. It’s full bore on the lot.

 

[HolzKopf]

I'd be wary of financial advisers. Just got rid of mine. The charges go up and up for sweet FA after the initial set up which for me only involved opening a pension and another ISA. I was expecting a lot more than that for my money but he did nothing after the set up and huge wodge of commission. Now £600 a year better off without his charges.

Get a different one. You're right to be wary as we had a reactive one not proactive one originally. The guys we use now are first rate and the charges are irrelevant in the returns on investment and also the general and sound advice given. There are good ones out there and worthy of trust. It's not a d.i.y. game

HK

 

[icanshootwell]

I was speaking to my mate in Tasmania and the subject of property prices came up in conversation .
The property market has fallen by over 20% in last few months and the Australian market is falling as-well it’s all on the news here.
With the rising interest rates and everything else going up are starting to bite.
I now it’s the other side of world, but could be the start of downward spiral world wide .View attachment 1040305

It's the total opposite here, house's have gone up considerably, even rental has gone through the roof, I let a 3 bed for £750/month, just gone back on the market as previous tenants are moving out, agents are reletting for £1000/month.