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Investments

Discuss investments with other users on our Investment forum. For more advice read our tips for saving for your child's future.

Best way to invest?

3 replies

UnsuspectedItem · 23/01/2018 18:56

Hi all,

New to this board but long time patron to AIBU and Chat.
I've recently been very very fortunate in securing a job that allows me to put away about £6k a month into savings.
I've calculated that after paying off debt my ex accrued in my name still annoyed about this I will have £30k in savings by September.

I don't yet own a property, my employer pays my accommodation and living expenses so I don't pay any rent.

The obvious thing to do would be to buy a house asap, which I'm keen to do - but I'm not sure whether the best choice would be to buy something at the top range of my budget (eg. in September a £300k property with 10% mortgage) and find a lodger to trickle in some running costs and keep the house "lived in" whilst I'm away, or to buy something smaller and invest elsewhere?

Any tips very welcome. I know property was a very safe bet previously but has that bubble burst now?

OP posts:
dontcallmethatyoucunt · 23/01/2018 22:31

If your career will eventually come to an end, you'll need a house. It's not an investment, it's a home.

UnsuspectedItem · 24/01/2018 06:30

Well I'm definitely going to buy a home to come back to, I'm just wondering if the best idea is to get something expensive so I have money left to use in an investment, or to initially get the most expensive I can afford?

OP posts:
dontcallmethatyoucunt · 24/01/2018 19:49

Well I'm a spread the risk investor. I would always put money in a long term investment as well as property. It buys you flexibility and choice. Make sure you can save a good amount into a pension - think 15% inc employers contributions. Then after that, think big!

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