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Discussion in 'Rural Diversification' started by Scrambler, Jan 16, 2017.
Maybe a lot less hastle , but glad I sold bank shares to buy property
i am investing about 120k at the moment in a lake and wildlife area on my farm, it will be a fantastic environment for me and my family to enjoy and there are several income streams that can be turned on very quickly if i choose too once the lake has matured.
For the average investor, I wouldn't recommend holding individual shares, unless you watch then weekly. Unit trusts are a lot less risky.
Any grants to be had for this type of thing?
Or perhaps you see it as a tourist or fishing enterprise?
no, not in my area, though i may get some help with the tree planting. income will be from fishing/tourism if i choose to open it! as a mad keen fisherman i have always wanted a lake, so its a personal project but if in the future i need the money i know 100% i can make it give a very good return! i am making this my ideal lake and the fish i have organised are awesome and people will want to pay to fish for them!
you can also open a euro account with your bank and just put the money in there in Euros as a hedge against the devaluing pound there is no tax to pay if you don't make a profit anyway if you do that don't get the bank to do the exchange from £ to Euros transfer the £ money via bacs to someone like tor FX and the get them to send it back to your euro account as euros you wil save yourself quite a few quid in doing so as there exchange rates are much better.
My only long term concern about ISA'S is the reason the government has allowed us to have them in the firs place , I cant help feeling that at some time the government is going to say Mr Woolly you don't need a pension / free NHS care or nursing care as we know you have this cash in an ISA as all isa's are linked to you NI no they know exactly what you are worth.
in the mean time as said there are still some good returns to be had in ISA's but i would not put all my money in them . Classic cars or tractors , vintage rolex watches and any other thing that ideally give you some enjoyment and is not depreciating and can be turned in to cash relatively easily at some point, is worth some investment also plus its not flagging your nett worth on a government computer somewhere.
I learned a valuable lesson in the 80s with unit trusts , hill Samuel smaller companies unit trusts , spent £ 500 from my first ever tattie picking wage on them with my dad's advisor , with in about a year they were worth about £ 300 , was the best £ 200 I've ever spent , never gone near an advisor since. Have had some good luck with individual shares , but had just as much bad , so one the whole back where I started ,
But property has done well for me , and even with the oil crash up here continues to work away at a slower rate.
Depends what they want from life and how and when they want their money back.
I am still a big cheerleader for stocks and shares and I enjoy the challenge of picking them usually going for the things I have a genuine interest in, farming, commodities, brewing, mining etc.
For example shares in ABF who own British Sugar Primark etc. have just about doubled in value in the last 5 years.
I am looking to hold onto everything for at least 10 years though.
I don't see it as being any more or less risk than property and you can (if needs must ) get your money out quickly.
But if I wasn't interested in them as a hobby I wouldn't bother.
If you like farming spend it on that.
Shares are truly passive income.
A portfolio needs to have more than 30 to avoid specific risk.
If you're going with a £200k investment then 30 makes sense as long as you have the time to manage them. For my meagre investment I have a few less (10)
I guess your right , but what puts me off is blue chip banking shares ( previously considered safe ) have devalued significantly over past 10 years , 60 % plus , this has had a huge effect on today's pensions , as many funds were invested in what they considered safe bets , and today's pensioners are affected , same with bp , shell ,
At least with bricks and mortar you can spread the risk easily ,
One has the ability to leverage with bricks and mortar too.
I do like stocks and shares though but unfortunately one can't leverage the same.
Ye that's right , it's easy to borrow money at next to nothing against owned land ,Less than 2% owned land , that can be used in other businesses where rates would be in the 6 percent range
All Cryptocurrencies these days ?
Yes, similar to Tulip bulbs.
Bitcoin to lay person's they tell me.
Or monoply money what ever they call it ?
Shares need to be reviewed on a daily basis with rigid stop loss implementation.
Bank and or share dealings services make the most.
Volumes best as greatest gains but also greatest losses .
Hail gale blow or snow the banks win all the time ?
For money investment advice
My favourite advice to give is premium bonds or lottery tickets.
A trip to Las Vegas would be similar to the lions tour but perhaps could be seen as more financially astute.
@oldoaktree is this asingle property or HMO? seems a hell of a rent ? £1000/wk