May
13
Property investment or savings?
By
Just had a bad divorce settlement (he could afford a good solicitor) so the money I have needs to be invested for my pension/old age. Any hints on how to go about it and what to look out for or is it better to just put it into a savings account? I cant afford anything above £150,000 and I dont have technical d-i-y skills…
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5 Comments
October 10th, 2009 at 11:43 pm
you definitly cannot go wrong with property but make sure what you are buying is in good order. the profit you make on property is bigger than what you can get at the bank in my opinion. just be wise
October 14th, 2009 at 12:43 am
If you are lucky in what you find, property is the best deal
October 16th, 2009 at 4:32 pm
My mother used an annuity that her banker recommended, along with some certificates of deposit after my father died. It did pretty good for her. I know that such exist in your ‘neck of the woods’ because you sound English and these financial tools were invented there.
Ask people you trust, monied people, not the plumber or your grocer, for some ideas. If you were here in the US, I would suggest something by Dodge & Cox that seems good at long-term stability and still a decent return. But if you ask your banker, instead of what the bank recommends, ask what that person personally thinks. There are some good funds and insurance companies in the Commonwealth that I know little of but your professionals do. Consider a professional that will charge you a 100 or so, map out a diversified plan and put it into other companies than his own. Otherwise, folks will probably be selling you only on what makes them the most money–which they usually make by selling folks stuff that makes the seller, not the buyer, a lot of money.
Good luck. Oh, and you might consider retiring somewhere else, I know of Americans with only their paltry Social Security checks but are the pillars of the community in small towns and cities in Central America or such. They have good, unrushed doctors and reasonable medical facilities (pick places near these) and live better than most of the locals. With your kind of resources, there will be a line of men more than happy to shower affection on a lonely, well-heeled (and you are to them), British divorcee. Keep your hand on your purse and you’ll be safe while never lonely. LOL. Good luck.
October 17th, 2009 at 11:31 pm
property investment, and put a small amount in an international mutual fund
October 19th, 2009 at 11:00 am
property is very high now, it will probably go up in the medium term but depending on how far from retirement u r u might do better else where.
If its property u want then look to europe, otherwise buy high yeild value shares + hold 4 the long term.