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Property as a pension
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Property is not the best way to save for retirement and savers should focus on their pension instead, the head of the Financial Conduct Authority has warned.
In a speech delivered on Friday the City watchdog's boss, Andrew Bailey, said investing too much of someone's retirement fund in property could be "self-defeating" as the potential to make money over the long-term is uncertain. -
People invest in property because of the ability to leverage.
If I could put up £10k of my own money and get a bank to give me £190k extra to put on a global tracking fund for 25 years, I would do that instead...Comment
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Originally posted by kaiser78 View PostBalanced portfolio and all that."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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My parents are considering the idea to buy a flat in Barcelona to rent it out, it seems quite profitable : 5-6% yields, hah?Comment
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Originally posted by jessaragen View PostMy parents are considering the idea to buy a flat in Barcelona to rent it out, it seems quite profitable : 5-6% yields, hah?
Yes, seriously.Last edited by ChimpMaster; 21 September 2016, 12:31.Comment
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Don't use property!
What should we use then, shares in MFI, Woolworths, banks?The greatest trick the devil ever pulled was convincing the world that he didn't existComment
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Originally posted by jessaragen View PostMy parents are considering the idea to buy a flat in Barcelona to rent it out, it seems quite profitable : 5-6% yields, hah?
They are not issuing any new permits for people to rent holiday property there.
https://techcrunch.com/2016/09/19/ai...legal-rentals/
Obviously, this is all couched as caring about rental rates / prices for local people, rather than the mayor being in the hoteliers pocketThe Chunt of Chunts.Comment
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