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From the Telegraph:You can build wealth with in an ISA. I am not saying its Better than BTL as an investment But I am saying its Tax friendly unlike BTL today ???And If you want to be in property you can invest via ISA and still be an armchair Landlord. With the possibility of more tax changes its worth considering if you have the cash to invest ...
Learn Change and Adapt ?????
Before I consider doing any business with a media organisation, I would like to know what the Telegraph's stance is oon the Private rented Sector. In other words, has the telegraph been supportive of Landlords against the governments Tax raids ?
I believe that have supported us with s24
For a couple to be able to save 40k is really very difficult - and of course you can only save your after-tax income (to the extent anything is left over after living expenses). I earn 6 figures from my "J.O.B." but then I pay:
- around £40k p.a. in income tax and
- living costs (without private schools or anything extravagant, but it doesn't help that my spouse is a stay-at-home parent)
so I don't even have enough left over to fill up my own current 15k ISA allowance. I fear ISAs is NOT the way to get ahead.
The stock market has been friendly in the past year or so, but between 1999 and 2016 there really wasn't much growth at all overall (FTSE100 share price growth was less than 1% per year over the period - so making money on shares required getting (very!!!!) lucky.
But you cannot use gearing ie mortgages to invest in the stock market.
Yes you can use gearing to invest in the stockmarket
You can leverage a stock market investment 200:1 with no interference by the PRA or similar
You shouldn't, because if you do you will lose all your money very quickly, but you can
I have never lost any money on any property I have ever owned.............in partnership with a bank!!
I've lost tens of thousands on stocks
Some bought with leverage!!!
Which I never repaid and never will, but that is another story!
Never again will I invest in stocks
Property all the way for me even if I end up with just one property that I can have lodgers occupying.
The bank/building society has never lost money on any property we have bought together. but I have lost tens of thousands. In fact everything I put into my first property (paid £64,500, £40,000 mortgage, sold for £39,500).
I have mostly gained with shares, but that is because most shares I have owned were bought through company schemes (pay lowest price at beginning or end of the 6 month period minus 15%)..
I have never bought share direct
I use fund managers who do the selection for me
Have a look at the performance of a Fund called M&G Recovery a very old fund who's returns have been very good since the late 1960s
Crikey Peter you were really unlucky there
I'm sure had you been able to retain the property rather than sell at a loss you would have done
Back in the late 90,'s several colleagues had similar negative equity issues
They became default LL
They then bought elsewhere with another saved up deposit or parental assistance
The BOMAD has been going some while!
It was 89-92. I moved for a job. Then moved from a 1 bed flat to a 2 bed one (which had dropped £19k from it's previous price).