and you invested it into a Nationwide 1 year 6.5% fixed rate bond paying out monthly into your current account, you would receive £2,700 a month.
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If you had £500,000 cash
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Originally posted by TazMaN View Postand you invested it into a Nationwide 1 year 6.5% fixed rate bond paying out monthly into your current account, you would receive £2,700 a month. -
Originally posted by TazMaN View Postand you invested it into a Nationwide 1 year 6.5% fixed rate bond paying out monthly into your current account, you would receive £2,700 a month.
And of course there is no inflation now, so your lump sum will not be eroded either.
Or you could use it as 10 deposits on off plan studio flats in Newcastle and be rich. Rich I tell yer!Comment
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Originally posted by TazMaN View Postand you invested it into a Nationwide 1 year 6.5% fixed rate bond paying out monthly into your current account, you would receive £2,700 a month.Comment
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£2,700 is pre-tax but at least it will be ever so slightly above inflation whereas property is fast heading towards deflation.
£500,000 could buy you 3 apartments each bringing in £700 rent monthly. So that's £2,100 before tax, and before lease costs and ground rent are taken out.
The days of leveraging to buy property in the UK (and many other countries) are finished. Mortgage approvals fell almost a third last month and liquidity is drying up fast, bringing the loan and hence property market to a grinding halt. Price rises are slowing and reversing in many cases.
Re: Churchill - yes I agree, just trying to make a point that returns in some sectors will be lower than cash.Comment
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Originally posted by Churchill View PostThat is not investing your money. That is letting someone else invest your money. There is a very big difference.McCoy: "Medical men are trained in logic."
Spock: "Trained? Judging from you, I would have guessed it was trial and error."Comment
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I have got 500k.
NEXT!!What happens in General, stays in General.You know what they say about assumptions!Comment
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Originally posted by lilelvis2000 View PostI invested my money - and have suffered significant losses. On paper, mind you, I dare not sell any of it. No wonder people put all their cash into property these days.
Why would you not sell?Comment
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Originally posted by MarillionFan View PostI have got 500k.
NEXT!!Comment
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