Investment thoughts & ideas

Investment thoughts & ideas

Author
Discussion

dnb

Original Poster:

3,330 posts

248 months

Monday 14th December 2009
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Let's assume I have no mortgage left, a full ISA for this year and a bit of spare cash I don't forsee needing for a year or so, although it would be good to have access to it in case of emergency or me suddenly deciding I am having a year off work.

I am considering a second house, but have no idea as to the use of it (let it or stay there while working) since I am not sure yet where my work will be based over the next couple of years.

Any sensible ideas for the spare cash? (No, I'm not giving it away!) I need to sort this one out before I do something silly like buy that F355 I've wanted since 1994... wink

dnb

Original Poster:

3,330 posts

248 months

Tuesday 15th December 2009
quotequote all
I'm not old yet (early 30s). I've just been very lucky with a couple of houses - the market moved the right way at the right times for me.

Shrimper

428 posts

200 months

Wednesday 16th December 2009
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Get a second house locally (where you know the market/area and can keep an eye on it). Get some decent tenants in and the place should pay for itself. That's what my old man has done, now has three buy-to-let's in his village.

But I'd probly buy that 355...