Investment ideas needed

[general grievous]

Good morning everyone 

My 15y/o son has £15k to invest (he doesn’t know!!) and before we start looking around, does anyone have any recent experience of well performing plans or funds or indeed any other ideas.

Thank you.

GG

[MirokuMK70]

Put it on 'Pedigree chum' in the 3.30 at haydock.

Seriously though:

Buy 2 of mungler's rolex subs that he has in other sales at the moment. Put them in a safe until he's ready to buy a house.

[ditchman]

buy a static caravan on a site and rent it out........

[steve s×s]

28 minutes ago, ditchman said:

buy a static caravan on a site and rent it out........

Can you do that when not on Benefits 🙄 every days a school day

[tonyshooter]

Peer to peer lending is one of the investment options that we use.

It is at risk but secured against property.

We have had non payers in respect of our loans, however, unfortunately from the borrowers standpoint, the propery was repossed and sold on to clear the debt at an additional 2 % interest that was paid to us.

 

We favour SoMo https://www.somo.co.uk/ 

 

 All our funds are 1 st charges against a propery and averaging a  9% pa return. the minimum investment is £5k.

[general grievous]

7 hours ago, tonyshooter said:

Peer to peer lending is one of the investment options that we use.

It is at risk but secured against property.

We have had non payers in respect of our loans, however, unfortunately from the borrowers standpoint, the propery was repossed and sold on to clear the debt at an additional 2 % interest that was paid to us.

 

We favour SoMo https://www.somo.co.uk/ 

 

 All our funds are 1 st charges against a propery and averaging a  9% pa return. the minimum investment is £5k.

The ‘Boss’ looks interested in this one. She says that currently, his pot has made £700 in three to four years.

Simon’s idea may not be as crazy as it looks, especially as we are friends with     a director at Swift Caravans who could give us some good advice on models and sites with high turnover.

 Thanks for all your input so far, but please keep your ideas coming.

Thanks everyone.

GG

[Mungler]

2 hours ago, general grievous said:

The ‘Boss’ looks interested in this one. She says that currently, his pot has made £700 in three to four years.

Simon’s idea may not be as crazy as it looks, especially as we are friends with     a director at Swift Caravans who could give us some good advice on models and sites with high turnover.

 Thanks for all your input so far, but please keep your ideas coming.

Thanks everyone.

GG

Lending is a dangerous game - interest rates are really low right now and anyone who will pay more than 5% interest is likely to be in financial distress. Who knows what guarantee will stand up to stress in a recession. Also, a lot of these schemes are unregulated (and so if they flop and you lose all your money, you have no recourse anywhere). Some masquerade as ponzi types - what you get back in a return makes you think your investment is performing but they are paying you back out of capital or using new money introduced into the scheme.

Someone I know was telling me about a new Bitcoin type currency that had been released and they jumped into, with tales of their £10k had gone to £20k overnight and they were planning what to do with their winnings. I warned and said that stuff is pure speculation with nothing tangible etc. Anyway, last time I saw them they were saying how they were now taking a long term view as the price had tanked below £10k.

The last Rolex submariner I bought was from a dealer in Italy in 1999 and I paid Euros, and the GBP cost was £4K. That watch cannot be bought for less than £8k now in the UK. The other two I bought in the proceeding years and for less.

Back on topic, I’ve had the conversation at work - what’s going to make money and what’s going to deliver an income? I’ve no idea - the stock market appears to be ridiculously high in a recession and must be due a correction with the bad news coming over the horizon post Covid. From my basic understanding of economics, the government will let inflation run a while to reduce the cost of the debt, and anyone whose savings / investments are in cash will get totally screwed.

And somo are unregulated and not covered by the FCS - it goes wrong and you have nowhere to go.

.

Edited August 7, 2021 by Mungler

[robbiep]

I use fundingcircle, it's also peer-to-peer lending - they basically split your money up into lots of small chunks, and put your chunk and 100 other people's chunks together, and lend that package to a person. Some of the p2p sites you might have a lot of your funds with one borrower, so can have big losses if one goes bust

So your money is well split up, and if 5% of your borrowers default, you only lose 5% of your funds.

Unfortunately at present they aren't lending to new borrowers, as they're part of the Gov't Covid recovery loans scheme. But In the time before covid I was averaging 5-6% returns per annum, after defaults taken into account.

If over 18 then you can hold it as an ISA, no idea if it can be held in a Junior ISA or not

Edited August 8, 2021 by robbiep

[Mungler]

I had a search on here against Rolex to dig up old threads and predictions. 

I’ve done nicely out of watches but my biggest regret was not buying a Patek Aquanaut Jumbo when they were £10k. Cheapest one now in the UK is about £40k. You can see the date on the post to see the time frame. 

It really is hard to get excited by investments that return 3, 4 or 5% net, especially when real inflation is probably running at 5%.

I was wrong about submariners going out of fashion though 😆

.

 

Edited August 8, 2021 by Mungler

[Lloyd90]

High risk P2P lending and your only

getting 5-6%  

Problem with some of them watches is they have already been discontinued and the second hand price jumped so you’ve missed the boat on certain ones. 
 

If you are able to buy one off a trusted person for decent money and just leave them sat in the box with all the original paperwork etc they may be alright. I would consider it a bit risky buying one in the first place if buying second hand unless from a reputable dealer. 

 

Personally I’d stick it in a stocks and shares ISA for your kid and a moderate risk fund. 

Mine was averaging about 10%+ PA and that’s with Covid effecting it at the end. 
 

My mate stuck a few quid in crypto was raving about how smart he is and how it’s gone up so many grand. 
 

Last week he told me he is down a few hundred quid now and wasn’t so happy. 

[Cranfield]

Premium Bonds , money is safe and he can review the investment market when he is a bit older and its , hopefully, more stable.

[Mungler]

34 minutes ago, Lloyd90 said:

High risk P2P lending and your only

getting 5-6%  

Problem with some of them watches is they have already been discontinued and the second hand price jumped so you’ve missed the boat on certain ones. 
 

If you are able to buy one off a trusted person for decent money and just leave them sat in the box with all the original paperwork etc they may be alright. I would consider it a bit risky buying one in the first place if buying second hand unless from a reputable dealer. 

 

Personally I’d stick it in a stocks and shares ISA for your kid and a moderate risk fund. 

Mine was averaging about 10%+ PA and that’s with Covid effecting it at the end. 
 

My mate stuck a few quid in crypto was raving about how smart he is and how it’s gone up so many grand. 
 

Last week he told me he is down a few hundred quid now and wasn’t so happy. 

Agreed on all counts save the stock market, that has to be in for a correction.

As I said, I’m bang out of ideas right now - Ive picked a few winners along the way and could see stuff coming over the horizon, but not now - it’s all bets are off.

Traditionally gold goes up in times of inflation and economic uncertainty - I screen grabbed prices as of today, let’s see where they end up. 

The problem with gold is it’s a dead investment - you can’t get rent or a dividend off it.

Edited August 8, 2021 by Mungler

[Tancho]

If it's a long term investment, I would say a stocks and shares ISA and research consistently well performing funds. I have several funds in a SIPP, my best performing one is 'Fundsmith Equity' I bought in 4 1/2 years ago and it is up 102%, just wish I had £100k in it instead of £10k!

[lakeside1000]

My son does investment guidance in San Francisco and never stops talking about the developing Hydrogen power market, a lot of big money in the states is being diverted from electric car development into Hydrogen power, 

Having had holiday chalets here in the UK for several years please be careful about any investment into Caravans, Chalets etc, ground rents on these parks is going through the roof, owners cashing in on travel restriction due to covid, my chalets went from £800 per year up to £1500 per year and are now above £2500 heading towards £3000  , on top of that you would need very good insurance cover, council tax and general maintenance. rent income varies on each site or location but here on the east coast private renters are asking just £300 to £400 per week peak rates and these are only for around 8 weeks , the rest of the time its scratching around for customers with adverts on the internet and holiday magazines costing more and more every year. A complete waste of time and money.

If I had enough cash, I would buy cheap property, fix it up myself and rent it out, tenant pays council tax and rents are on the rise as well, always a good return if you have the money and skills.

I have dabbled in the stock market twice in my 73 years and lost a considerable sum each time, just my personal experience and never again.

Good luck with whatever you choose, but do your research. 

[Mungler]

1 hour ago, lakeside1000 said:

My son does investment guidance in San Francisco and never stops talking about the developing Hydrogen power market, a lot of big money in the states is being diverted from electric car development into Hydrogen power, 

Having had holiday chalets here in the UK for several years please be careful about any investment into Caravans, Chalets etc, ground rents on these parks is going through the roof, owners cashing in on travel restriction due to covid, my chalets went from £800 per year up to £1500 per year and are now above £2500 heading towards £3000  , on top of that you would need very good insurance cover, council tax and general maintenance. rent income varies on each site or location but here on the east coast private renters are asking just £300 to £400 per week peak rates and these are only for around 8 weeks , the rest of the time its scratching around for customers with adverts on the internet and holiday magazines costing more and more every year. A complete waste of time and money.

If I had enough cash, I would buy cheap property, fix it up myself and rent it out, tenant pays council tax and rents are on the rise as well, always a good return if you have the money and skills.

I have dabbled in the stock market twice in my 73 years and lost a considerable sum each time, just my personal experience and never again.

Good luck with whatever you choose, but do your research. 

They say you need 2000 hours to become an expert in anything and as far as stocks and shares are concerned I don’t have 2000 hours to give and I don’t really want to pay anyone else who has 2000 hours under their belt to do it for me, because if they get it wrong they won’t give you any of your money back. 

[millrace]

Hydrogen is interesting.....we have wrightbus now jcb....just sold 4 buses to roi for 800 k each using fuel cell technology......now jcb son challenged his dad to do hydrogen digger.....1 yr later and he now has an new engine running on hydrogen that fills from pump not a cell and working machines 

He explains that this is the future not electric and many were scared by emissions scandals and just went to battery as safe option....he explains it way better than me.....think additional 8 tonnes of battery to power 20t digger never mind trying to recharge....

He has the engine sorted now just needs hydrogen infrastructure to come on board which surley is only a natural shift for trad petrol stations.... 

So this area may be the next to explode!!!...... who knows....

[spandit]

Hydrogen certainly has a lot of potential but it's not necessarily the environmental panacea one may think. It's quite harmful to the ozone layer as a lot of it escapes during production. If there was a filling station nearer to me I'd certainly look into getting a hydrogen car - I watched a good video interviewing JCB about their hydrogen engines and it made a lot of sense. The sheer weight of electric batteries combined with the way they lower in performance over time puts me off getting an electric car, although I wouldn't turn a Tesla down...

[Nuke]

Buy a plot of land.

/Markus 

[bigbird]

I would just wait a bit if it were me - we have a little bit in recovery / short squeeze plays but only what we can afford to lose.

I have a feeling stocks, particularly US stocks are due a huge correction and not in a good way.

Theres a hell of a lot of manipulation in US stocks which the SEC are supposedly looking into so (not financial advise) just bide your time or invest elsewhere in the world or in physical goods as mentioned above 🤔

[markm]

Platinum. Dead cheap at the minute. 

[Mungler]

4 hours ago, Nuke said:

Buy a plot of land.

/Markus 

Every man and his dog are on that and have been for well over a decade. 

 

2 hours ago, markm said:

Platinum. Dead cheap at the minute. 

As above, precious metals on their own are a dead investment devoid of paying rent or a dividend for example. That being said I think there’s mileage in precious metals because they classically go up in value with inflation (people move out of holding paper or getting f-all interest in a bank and start buying physical real world stuff they can hold and which can’t be diluted like currency being printed).

Also you look at India and China and other emerging countries with massive populations and they will all pursue previous metals. I’d also look at what precious metals are involved in routine electrical products - there’s a billion plus people in China and India and all those people will want bling, a telly and a mobile phone at some point 😆

Maybe an investment fund you can buy shares in and which specialise in precious metals. We should make a prediction / choice on here now and check back in 6  and 12 months like a fantasy investment league. 

Edited August 8, 2021 by Mungler

[NoBodyImportant]

10 hours ago, Nuke said:

Buy a plot of land.

/Markus 

My friend just bought a quarter square (40 acres) in Wyoming USA for 17k.  It’s way off the grid and he has no plans on every going to even look at it but like he said it’s going to be worth 5 times that at least when I retire.  He is slowly pulling money out of the market and I’m thinking about the same with Biden in the White House it doesn’t look good.  

[Nuke]

7 hours ago, Mungler said:

Every man and his dog are on that and have been for well over a decade.  

Does that make it a bad investment?

/Markus

[Wilts#Dave]

2 hours ago, Nuke said:

Does that make it a bad investment?

/Markus

Absolutely not, it’s just tough to find suitable plots at realistic money these days as the demand has gone through the roof so have the prices. 
 

[Mungler]

4 hours ago, Nuke said:

Does that make it a bad investment?

/Markus

Not at all if you can find something no one else has already.

.

Edited August 9, 2021 by Mungler