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What would you do with 70K

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well go ahead and comment on topic then seemly, as you haven't done yet.
I have earlier in thread and then just called this bs artist out in page 5 along with others.
I probably should have ignored him but he was already well under way.
Sorry to OP but I'm sure he'll have his popcorn to hand already
 
I am not bothered if you believe on it or not, i did not post it to brag,

Your first post in this thread, you stated that with £21k investment and 6 month work, you can create a business making HALF A MILLION POUNDS per month.

I was waiting for you to say you would buy a high speed motor boat and start running coke from the Bahamas...

And you wonder why people question your credibility? Personally I question your sanity posting something like that in public.
 
Your first post in this thread, you stated that with £21k investment and 6 month work, you can create a business making HALF A MILLION POUNDS per month.

I was waiting for you to say you would buy a high speed motor boat and start running coke from the Bahamas...

And you wonder why people question your credibility? Personally I question your sanity posting something like that in public.

Ha! +1
 
Your first post in this thread, you stated that with £21k investment and 6 month work, you can create a business making HALF A MILLION POUNDS per month.

I was waiting for you to say you would buy a high speed motor boat and start running coke from the Bahamas...

And you wonder why people question your credibility? Personally I question your sanity posting something like that in public.

And i was expecting you and others to ask how is it possible, instead of attacking and detracking this thread.

They question my credibility, because they don't believe its possible, while i have seen it happening and its very possible if you have willingness to put effort, money and have right idea.

Lastly, since you go personal again by calling me insane, let me tell you my friend, insanity is what lazy and failures would use to attack dedicated and visionary people. Go ahead, come back with a wise remark and make your self feel good about it, i am out of it.
 
And i was expecting you and others to ask how is it possible, instead of attacking and detracking this thread.

They question my credibility, because they don't believe its possible, while i have seen it happening and its very possible if you have willingness to put effort, money and have right idea.

Lastly, since you go personal again by calling me insane, let me tell you my friend, insanity is what lazy and failures would use to attack dedicated and visionary people. Go ahead, come back with a wise remark and make your self feel good about it, i am out of it.

Insanity is posting claims such as yours.

As if to back up your claim, you posted a screenshot of a days adsense takings of about $500. That's really peachy, but what about the rest of the £490,000 a month?
 
I bought a nice .co.uk a few years back, someone told me I was mad as I could spend that and make 6figs a month by buying 'other' names.

He was doing that. I dont think he is doing it now though.

On the internet quite alot of what seems impossible is actually possible. If it is legal, long term or something I want to do is a different matter!
 
To Invest £70k, here is what I would encourage you to think about.

Going back to the original point, what every investor wants is to be able to add the maximum added value to what ever asset or entity that they purchase. Whoever said balance or diversification is half right, you could do this or put all your eggs into one basket and watch like a hawk! I do diversify, but often lament its easier in terms of time overheads to for example buy more flats or houses in the same area because it saves on time over heads.

Here is my 2p worth:

1a. Property - pain the arse at the best of times. But as people have mentioned, the value cannot just plummet to zero if properly insured. Its a good place to store wealth but I don't like it to make money money from. Taking the B2L example, if you can get a very good clear yield - i.e. double digits then you should make around 5%. Its not brilliant and is very continigent on cheap lending continuing.

1b. Property - as first time buyers struggle landlords are buying small family homes and some of these are getting very good rents esp in south east and in/around london. Read: double digit yields.

1c. Property - make friends with your lawyers - I've sued more people over property than just about anything. Its messy and nebulous sometimes over who owns what and is responsible for what. But on the positive side property rights are probably on the main much more defendable compared to say domains or other IP.

1d. Property - get good people to manage it and do be afraid to ask and re-ask the same question of different people until you have the costs under control. You might need to try different management agents until you find people you can trust who won't "spunk" your money away or try and rip you off. This is where I advocate splitting down the jobs, so you use different companies for each part of the process and again this is where economy of scale comes in - managing 5 is not that more hassle 1 if in the same area and managed by the same teams.

2a. Shares. You can get 14% dividends and chose the sector. For example for could try some of the very high paying REIT's (Real Estate Income Trust) for example that would give you exposure to the property market without some of the management risks of actual property.

2b. Shares - Buy what you know. Something you don't mind tracking on a daily basis and that you think has long term "legs". Here you are expected to take a punt on the future.

2c. Shares - Build a portfolio based on your needs now and the future. Capital growth vs. income? What is more important? Ideally you should mix assets that pay dividends and others that will benefit from CG (rise in share price).

2d. Shares - There are as many asset class as there are people. Its a minefield of diferent products - so choose something you feel comfortable. If you are new to shares, consider easing yourself in gently and dropping a small amount into the markets in regular intervals to give you a feel for equities.

2e. A FTSE tracker can give you around 5% dividend without taking any risk on actual equities individually. Probably you will find some schemes on the FTSE All share - sadly not the FTSE 100. Virgin Money do-one. Or you could buy the ETF (Electronic Traded Fund) through your broker. See here: http://www.google.com/finance?q=LON:ISF

3. Domains/Web property - I won't comment just now.

In summary, I would try to make as few transactions as possible and to look ahead for 5/(your time frame) years and try to hold those assets long enough such the cost of the transaction is somewhat diminished. Buying and selling houses is expensive and there are transcation costs with shares (albeit very much smaller).

Good luck.
 
A lot of what's involved in share dealing is over the head of most people and even buying a stock that you think is a good company can get hit. I've bought shares in say ARM for example who at the time were performing really well and then Texas instruments release crap results which knocks the whole sector down. V annoying. Or your holding positions and terrorists decide to blow something up.
 
Bollox to that :

£70k breaks down very easily...

£25k down on a two year old DBS
£1k a month for 2 years = £24k
21k for a decent domain :D

Sorted... remember no one knows when the grim reaper's on his way (and I have hit 40 :| )

Plus if you make the full 2 years - when you'r enot in the car - if you buy the right domain, you'll have recouped your £70k in full and had a lot of fun!!

TW
 
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