14 Apr '19 12:59>
@badradger saidWhat’s “peer to peer”?
I have premium bonds but like to spin my money through various current accounts santander 1.5 % on20k,nationwide 5% on 2.5k Tesco 3% on 3k also peer to peer ( keep that to a minimum)
@badradger saidWhat’s “peer to peer”?
I have premium bonds but like to spin my money through various current accounts santander 1.5 % on20k,nationwide 5% on 2.5k Tesco 3% on 3k also peer to peer ( keep that to a minimum)
@divegeester saidPremium Bond
It takes a lot of time now too, going to property auctions and the like to hint down a good deal.
I think in my ‘game’ so far I’d go with Premium Bonds for the low risk and a stocks and shares bond for the medium risk. Not sure about the high risk option though.
@divegeester said"Someone gives you an amount of money equivalent to 25%* of your total net worth"
What do you know about investing?
Someone gives you an amount of money equivalent to 25%* of your total net worth** on the condition that you have to invest all of it for at least 1 year and then sell/cash in.
Any investment is permitted, including gambling in Casinos if you are that way inclined. But all of it has to be invested for at least one year.
What wou ...[text shortened]... iare or otherwise.
**Net worth includes everything you own, cash, income, property, savings etc[/i]
@rookie54 saidMarijuana growing is becoming a big popular thing over here in Canada!
"Someone gives you an amount of money equivalent to 25%* of your total net worth"
this is money i did not have access to beforehand, right???
out of the blue, an aunt i never knew existed, who worshipped me from afar, knowing that one day i would help her transform her meaningless life into a movie with scarjo playing her role...
whoa, nice fantasy, rookie...
i w ...[text shortened]... n a marijuana growing operation in a state where such a thing is permissible by law...
i win...
@divegeester saidpeer to peer means no banks involved Zopa is the one I use so i put a grand into thier account and they lend it out by spliting it into £50.00 blocks they pay back nearly 6 % per year, so far they have never defaulted on anyone but I keep my investment low unlike premium bonds whick i havemaxed out.
What’s “peer to peer”?
@great-big-stees saidReal estate is indeed usually long term but I’d have fun “flipping” a house. Of course if the rules are hard and fast it might be difficult to adhere to them exactly. But so what?
I think it would depend on your age and your risk aversion. The younger you are the riskier the investment and so on. If you are "retired" with no thought of reentering the workforce, low risk. If you are middle aged a bit more risk. Defo no gambling. That's my thought.
Edit: Real Estate is, usually, a longer term investment.
@divegeester saidAnd you did say it must be invested for only a year and then "sold".
I agee, usually a good long term investment, but as Stees was saying it’s a long term investment so it depends on one’s age to some extent. Also in the UK where I live, second or more properties are becoming more and more expensive due to punitive second home stamp duties and the government increasing taxes on landlord incomes.
@very-rusty saidI based my thoughts on, "25%* of your total net worth** on the condition that you have to invest all of it for at least 1 year and then sell/cash in." Unless you get into a market that is in a slump and are lucky enough to get in as the market rebounds, real estate tends to be long term, not just a year.
No it has nothing to do with age, has to do with the money you have to put up front to start with. I've known middle aged men make fortunes in Real Estate.
-VR
@very-rusty saidThe problem here in Canada is that they didn't investigate enough to find out what sells and are now finding out that they are being "stuck" with product nobody wants. Not sure what the shelf life is on those products but we may be seeing some big discounts on those products which for someone who "enjoys" them, may certainly be a windfall. As for investing in a grow op I think I might wait a bit before seeing if such an investment might pay off., but hey....that's just me. At this point in time here in Canada the ship may have left the dock...for any meaningful gains.
Marijuana growing is becoming a big popular thing over here in Canada!
-VR
@great-big-stees saidWell we can grow so much of our own and a lot of people are doing just that as I am told what the government sells is just plain crap. They are just looking to cash in on it is all. They don't care about the quality and use the pretence that it is for medical purposes. The illegal business is flourishing more than ever now.
The problem here in Canada is that they didn't investigate enough to find out what sells and are now finding out that they are being "stuck" with product nobody wants. Not sure what the shelf life is on those products but we may be seeing some big discounts on those products which for someone who "enjoys" them, may certainly be a windfall. As for investing in a grow o ...[text shortened]... me. At this point in time here in Canada the ship may have left the dock...for any meaningful gains.
@very-rusty saidUK premium bonds rusty.
Premium Bond
Premium Bonds Explained
A bond that's trading at a premium means that its price is trading at a premium or higher than the face value of the bond. For example, a bond that was issued at a face value of $1,000 might trade at $1,050 or a $50 premium. Even though the bond has yet to reach maturity, it can trade in the secondary market. In other words, investo ...[text shortened]... Savings and Investment Scheme.
I assume the aforementioned is what you are talking about?
-VR
@torunn saidYep it's about to crash again.
Is things look now, with uncertainty and companies going bankrupt, I wouldn't invest in anything.