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mjs,do you really think interest rates are going to increase?I just can't see that happening in the near term.As for trackers and ETFs they are a bubble ready to burst.
@mboy I too remember seeing E30 M3s for around £6000, it was around the time I passed my test. If i'd have bought one at the time though it would be either rotten or been stolen by now as I've only just got semi-secure dry storage. I also passed up a 70's 911 Carrera RS replica around 10 years ago for around 10k but its similar story with secure dry storage.
Now i'm not the smartest when it comes to investing but on your example with your 748, the BOE inflation calculator says your £5400 in 2002 is equaivalent to £8,629.43 today. Does that mean technically you haven't made anything but haven't really lost anything either? You've had to store and maintain it but have had use of the bike/pleasure of ownership. I think that's why its important to buy something you want/enjoy rather than just an investment. If you'd have used it and had more of the experience of owning it how much less would it be worth?
My opinion with most things is that it's there to be used and enjoy. I still own my 1st car, really it was un-economical to repair but has a bit of sentimental value. It's not going to last forever so i'd rather it die with 200k on the clock than 110k. This is mainly again because it's been sat outside all its life.
https://www.bankofengland.co.uk/monetary-policy/inflation/inflation-calculator
Cars will drop in value like a stone once other asset classes start giving a decent return. They're already looking soft at the high end.
I'd be looking to drip-feed any investments into stocks-n-shares ISAs at the moment and spread around different bits of the globe, as well as being prepared to leave it in there for a long term (i.e. a decade at least) because I have a suspicion there will be lots of long-term deflation going on. Frankly I'd chuck it against the mortgage if you don't know what you're saving for, or a fixed term investment if you think you may need it for a rainy day.
As for trackers and ETFs they are a bubble ready to burst.
Trackers & ETFs are not the same thing. ETFs could be a disaster in a liquidity crunch, trackers less so
Define less so.
£15,000? How old is the investor? What is their earning potential? Would that be enogh money to support them in taking their career to the next level - or changing career?
Another £5k on salary per year through additional qualifications or whatever it is their workplace values would pay off in the medium term.
Other than that, MySpace. Social media is going to be huge one day.
How long is a piece of string?
Forums are not the answer.
Ask around get a good IFA or wealth advisor.
An independent will see your blind spots. Tease out your financial weak spots.
Also get you to do risk tolerance analysis.
Then decide.
Pension or mortgage reduction good
Gold, fine wine, Fundsmith - only joking.
See article re Fundsmith and similar; if you invested 3/4/5 years ago - great but now? Hmmm.
https://portfolio-adviser.com/lindsell-train-and-fundsmith-hammering-fails-to-spook-investors/
See article re Fundsmith and similar; if you invested 3/4/5 years ago – great but now? Hmmm.
But only a complete idiot invests in stocks and shares expecting a guaranteed short term gain. If you can't tolerate a 40-50% write down, you shouldn't be in the market.
As for that article, so what, over a 3 month period two big funds didn't do that well - who cares? No one invests in a managed fund looking at a 3 month timeline.
Cars/bikes are Not a buy it stick it in the garage watch it appreciate asset.
Colleague bought a mint low miles rc30 at a good price....and immediately wiped a chunk off its value such that he can't even get interested buyers at a break even.
He did that by buying it and just leaving it stored.
It's now at a point where it's not been started in 15 years and has zero history over thay period He sees the "true value" in the ones that are selling for strong money and can't even get a sniff as the folk with money would rather spend the big bucks and get one that has been looked after rather than just parked up. All he gets is chancers low balling him
To make money off cars you need to be lucky to find the right car to make a quick flip or have the money to store it correctly.
I also watched a large number of folks classic investments go up in smoke in a secure dry classic car storage facility locally..... And no one's insurance covered the "perceived" value.
Footflaps - my comment and the article were for the OP and his mate, not you.
There was a request for suggestions/comments - so I provided some.
I put £12k in Fundsmith a few years ago its made 40% so far.
Today's award for talking rubbish goes to Mike P. Well done.
andypaul
Member
Land in Eastern Europe.
Im not kidding
I've a pal who has a North Macedonian wife. They bought a plot on the edge of her home village in south west North Macedonia and built the house back in about 2001, it took a few years of faffing to get it completed as the final cost was a nearly £35k, double what they had first estimated.
Apparently house prices leapt just priory to the Greek/Central Macedonia descent into mayhem.
It's now worth over £130k, even with stagnant house prices.
Plus they have skiing to the road and amazing MTB...
Today’s award for talking rubbish goes to Mike P. Well done.
Says the chap who suggested buying Apple.
Scroll down to the "Our View" bit near the bottom: https://bluewhale.co.uk/faang
I'm with Mike P on this.
Anyway, too many variables to be giving out investment 'advice' - depends on the age, earning potential, amount of other assets, reason for the investment etc.
Personally I find making additional pension contributions to be the best use of spare cash at the moment - immediate c.40% boost essentially as a HTT. I doubt that HRT relief will be granted on pension contributions for much longer.