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Snipes 2yo
Joined: 21 Jun 2005 Posts: 1
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Posted: Sat Jan 12, 2008 12:39 pm Post subject: |
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One thing I would rule out completely is property anywhere (unless it's paying off your own mortgage). All the reports you see are from parties that have a vested interest in propping up the property markets (Banks, Building Societies, Estate Agents etc). Most wll now admit that prices are not going to rise this year, but they still can't bring themselves to say that they will fall (and they'll fall a fair bit over the next two or three years).
If you look back at their reports just a few months ago, they would be talking of how much property has risen each month and how it was going to continue through 2008. Recently they have published three month figures as that was the only way they could show a rise, and now they have to talk of prices year on year to make us think that prices are still going up.
The reality is that prices are falling, and it's going to get much worse (the Credit Crunch will be hitting much harder soon). You just have to look at markets in America, Spain, Ireland etc, where the vested interests said last year exactly the same as ours are now. Take a look at the reports from the Investment Banks as well (UBS just published billions of dollars of losses from Sub Prime) and another bank (Merrill I think) is due to report next week. This time next year you'll be hearing of exactly the samefrom the UK, but our buzz words will be Buy To Let & Self Cert (look what's happening at Paragon, a buy to let mortgage company).
I'm not going to offer any advice as to what I would do with £100,000 other than to say make sure you stick to markets you fully understand |
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Dammo Qwirky Stallion
Joined: 29 Oct 2004 Posts: 5865
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Posted: Sat Jan 12, 2008 1:25 pm Post subject: |
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Thanks Snipes. Yeah Im not keen on property over here, theres definitely no investment potential over next coupla years. Already put a dampener on gfs plans on that. Shes been told no to a baby too! _________________ Positions now available in OLBG Lottery syndicate. 28 lines in each draw dramatically increases chances of a jackpot. Please PM me for info. |
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jamiess09 Group 1 Class
Joined: 15 Aug 2007 Posts: 438 Location: Abbeyleix,Laois,IRELAND
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Posted: Mon Feb 11, 2008 11:36 pm Post subject: |
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| This might sound stupid but ino a guy who inherited hundreds of thousands of euros and invested it in GOLD.. Ha i dint believe him but supposedly hes due to make a killing off it sometime next year.. |
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Dammo Qwirky Stallion
Joined: 29 Oct 2004 Posts: 5865
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Posted: Tue Feb 12, 2008 12:11 am Post subject: |
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Its not stupid, i was out at an OLBG fun day last year and Midas Touch came along and I have been laughing ever since. _________________ Positions now available in OLBG Lottery syndicate. 28 lines in each draw dramatically increases chances of a jackpot. Please PM me for info. |
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