The inevitable investment in a property

[yasockie]

So I have amassed a medium-sized warchest and seeing how the value of all major currencies are being devalued so even my volatile stock investment is earning me less than inflation and my savings ISA is definitely less than inflation. So it seems inevitable that the only sensible place to put your money in is a property.
Anything wrong with buying land and building a house on it for cash or maybe a small mortgage for an already built house?
Honestly it seems like the best proposition out there as one cas at least live there and even if it loses value, it will always be worth something (as opposed to say shares or Internet startups...)

I'm in a position where I really don't want a house but it almost feels like a lesser evil - at least the money's burned and I won't have to worry about managing my portfolio everyday?

[MrMark]

Buy a house from Bob for just 500 Euros. Just need some land to put it on. You know it makes sense!

BBC News - India's Tata group to launch 'world's cheapest homes'

[DimPrawn]

Or you could buy some gold.

South Korea bolsters gold reserves - FT.com
Gold Advances, Nears Record Price as Slowing Factory Growth Spurs Demand - Bloomberg
$2,000 for an Ounce of Gold Seems Like the Only Bet Worth Making

[yasockie]

Or you could buy some gold.

South Korea bolsters gold reserves - FT.com
Gold Advances, Nears Record Price as Slowing Factory Growth Spurs Demand - Bloomberg
$2,000 for an Ounce of Gold Seems Like the Only Bet Worth Making

I have *some* gold in my portfolio, but as such it doesn't yield you any direct benefits, whereas having a house has a benefit that you can live there, also gives you a place to dig that gold in? ;D

[MrMark]

If you're a true gambler, why not invest in a start-up? Google, Facebook, Linked-In... how much would you have made by investing in the early days?
I'm sure we have someone on these boards with a sure-fire Plan B. Sas wasn't it?

[Doggy Styles]

If you're a true gambler, why not invest in a start-up? Google, Facebook, Linked-In... how much would you have made by investing in the early days?
I'm sure we have someone on these boards with a sure-fire Plan B. Sas wasn't it?

AtW's SKA is going to be the next big thing.

[Cliphead]

AtW's SKA is going to be the next big thing.

http://forums.contractoruk.com/gener...es-thread.html

[DimPrawn]

I have *some* gold in my portfolio, but as such it doesn't yield you any direct benefits, whereas having a house has a benefit that you can live there, also gives you a place to dig that gold in? ;D

What like you put £10,000 in and then in a few months, sell and take £20,000 out, and that isn't a direct "benefit"?


Yeah, buy a house, they only ever go up in price and you can sell it at the drop of a hat, and then be homeless too.

[PAH]

What like you put £10,000 in and then in a few months, sell and take £20,000 out, and that isn't a direct "benefit"?

Where can I get insurance against any sudden devaluing of an investment in gold?

Surely if gold is only going to go up in value in the near term there will be companies offering insurance against loss of investment, as it will be a sure fire money maker for them. i.e. little chance of anyone claiming on the insurance.

[PAH]

If you're a true gambler, why not invest in a start-up?

A strategic gamble on a start-up would be to approach companies that have landed investment on Dragon's Den.