General
14 Apr 19
14 Apr 19
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 would you do with the money?
* 25% calibrates for all of us so we can each feel the same risk wether you are a guzilioniare or otherwise.
**Net worth includes everything you own, cash, income, property, savings etc
14 Apr 19
@divegeester saidI’m acquainted with a casino gambler through a close friend.
Would anyone seriously blow all or part in a Casino?
It’s a tragic life. He gets through £500 to £1K in an evening once every few weeks. He gets angry once he’s lost everything and has been banned from time to time. He was once up by £36K with nothing to show for it as it all went back to the casino.
I would play safe with premium bonds.
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- 14 Mar 04
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14 Apr 19
1 edit
@divegeester saidI 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.
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]
Edit: Real Estate is, usually, a longer term investment.
14 Apr 19
@great-big-stees saidI know a bunch of young guys use to fix up old homes and apartment buildings then sell or rent them out. They made themselves a lot money over the years, most of the group retired early, a few of them had addictions and wasted their money. There certainly is money to be made in Real Estate. Of course it takes a few dollars to get started.
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.
-VR
14 Apr 19
@drewnogal saidGambling is a big no-no for me. However I too have some premium bonds and in buying them one is of course gambling with the interest which would have been gained elsewhere. Having said that the risk on the capital is zero, instant access and you’ve have bought yourself the chance to win a million.
I would play safe with premium bonds.
14 Apr 19
@torunn saidI 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.
If I had money to invest in other things than my family, I think I would invest in real estate.
14 Apr 19
@great-big-stees saidGood points GBS I see you would be a steely-eyed investor 😆
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.
14 Apr 19
@divegeester saidNo 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.
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.
-VR
14 Apr 19
@very-rusty saidIt takes a lot of time now too, going to property auctions and the like to hint down a good deal.
I know a bunch of young guys use to fix up old homes and apartment buildings then sell or rent them out. They made themselves a lot money over the years, most of the group retired early, a few of them had addictions and wasted their money. There certainly is money to be made in Real Estate. Of course it takes a few dollars to get started.
-VR
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.
14 Apr 19
@very-rusty saidOf course it does, if you are 80 years old you are not likely to invest 25% of your net worth in a property venture are you.
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
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14 Apr 19
@divegeester saidI 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)
Gambling is a big no-no for me. However I too have some premium bonds and in buying them one is of course gambling with the interest which would have been gained elsewhere. Having said that the risk on the capital is zero, instant access and you’ve have bought yourself the chance to win a million.