Originally posted by CretinWatcher
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So what do you invest in for the future now?
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What happens in General, stays in General.You know what they say about assumptions! -
Originally posted by CretinWatcher View PostHmmm interesting, didn't know I had those sort of options with a SIPP - never had much truck with pensions.
Will look into into investing that more actively.
Still think property is best - Portugal and Spain have bargains, Greece is at rock bottom. And whatever happens in those places you'll always have the sun and vino they've had for centuries.What happens in General, stays in General.You know what they say about assumptions!Comment
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Originally posted by MarillionFan View PostComment
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Originally posted by CretinWatcher View PostDon't think I'd touch UK commercial property with a bargepole now ...What happens in General, stays in General.You know what they say about assumptions!Comment
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Originally posted by MarillionFan View PostThe cost of EU properties are technically 20% more expensive now then 3 months ago. If you invest now, you risk losing out if the pound rises against the Euro in the short to mid term.Comment
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Originally posted by MarillionFan View PostDon't know about your pension, but with the QE and rise in the market mine is at an all time high, having gone up by 30k in the last 8 weeks alone.Comment
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I must admit I've been wondering what to do with funds too. Most of mine is still in the Ltd Co and awaiting my 'retirement' next year sometime (I'm guessing). Once it's out I might just pay off most of the BTL loans and live off the rental income, which will hopefully be enough to sustain the wife/kids and a reasonable lifestyle.
Or I might invest it elsewhere, but as yet I have no idea.
I've always wondered about lump sum into a pension - I don't have one yet - but even if I lumped in 300k I wouldn't get much from that on an annuity when I hit 55 in 10 years' time.
For some reason I have this horrible nagging feeling that all assets/cash I've worked for is about to collapse into a worthless heap. So as some of you say, it's probably best to spend it while you can.Comment
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Originally posted by ChimpMaster View Post
For some reason I have this horrible nagging feeling that all assets/cash I've worked for is about to collapse into a worthless heap. .Comment
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Originally posted by MarillionFan View PostThe cost of EU properties are technically 20% more expensive now then 3 months ago. If you invest now, you risk losing out if the pound rises against the Euro in the short to mid term.
No wonder he still lives in Croydon in a 2 up 2 down.Comment
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Originally posted by DimPrawn View PostAssCretin really doesn't have a clue. He buys in Portugal when the pound is 20% weaker, whilst a banking crisis is simmering in Europe.
No wonder he still lives in Croydon in a 2 up 2 down.
Enjoy your impoverished retirement in grey miserable Slough where you'll have to wear a nappy when you're old as there'll be no immigrants to clean your bum.Comment
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