Got 10K to Invest, so what are the options?

RaymondLin

spark240 said:

Im just having a dabble with this at the moment...

https://www.ratesetter.com/invest

My stocks and shares are very fragile, my Investment ISA with Old Mutual Wealth is doing quite well, my premium bond £2k has done zero.

I have an interest in property rental, houses are easy to rent out but hard to sell for the right price at the moment.

Read into all of that what you will

Ratesetter? Like Funding Circle? p2p?

i wouldn’t do that at the moment with Brexit round the corner, you never know what kind of business will get hit the hardest and I doubt many will flourish with added red tape so I fear the default rates for the loans will go up which will hit your profits.

spark240

@RaymondLin - that may well be the case, but I like my investments to be diversified, so Im happy to take the risk on a relatively small amount just to see how it works.

Do you have a better investment suggestion?

PolarityMan

spark240 said:

PolarityMan said:

I have savings that Im tempted to use to acquire a rental property but Im worried the market is unstable right now

It is....If you have a cash sum to purchase pretty much outright, its a good return on say £100k - £150k, ..if you are considering some type of BTL mortgage and its not via a Ltd company I wouldnt bother.    

Prob fall just shirt of outright purchase unless I look geographically distant which is another element of risk.

RaymondLin

spark240 said:

@RaymondLin - that may well be the case, but I like my investments to be diversified, so Im happy to take the risk on a relatively small amount just to see how it works.

Do you have a better investment suggestion?

The point of an index fund is that it is diversified.  You can of course spread it within vanguard, put some in all stock, some in bonds, something in between.

spark240

PolarityMan said:

spark240 said:

PolarityMan said:

I have savings that Im tempted to use to acquire a rental property but Im worried the market is unstable right now

It is....If you have a cash sum to purchase pretty much outright, its a good return on say £100k - £150k, ..if you are considering some type of BTL mortgage and its not via a Ltd company I wouldnt bother.    

Prob fall just shirt of outright purchase unless I look geographically distant which is another element of risk.

If you aren't fussed about the property value over the next few years and just want income thats fine, if you are seriously thinking about it PM and Ill give you good and bad as I experienced....thohg most was good 0-)

wesker123

Amp maker that becomes the next Dumble. Bartel perhaps?

mbe

You could buy one of those semi-inflatable boats and run a nightly cross-channel ferry service.