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Originally Posted by Beagle
Exactly, Beagle! I'm not sure that everyone realises the gravity of the situation yet.
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Originally Posted by Beagle
You risk it every day you put money into something other than your mortgage and whether it is reckless or not depends on a number of factors including equity, salary and industry which I didn’t specify and don’t intend to
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Originally Posted by macduffy
Exactly, Beagle! I'm not sure that everyone realises the gravity of the situation yet.
Yes I agree except conversely gravity = potential opportunity for investors
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Member
Reckless, had good a laugh. It's reckless to have all your money in property.
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Originally Posted by Entrep
You risk it every day you put money into something other than your mortgage and whether it is reckless or not depends on a number of factors including equity, salary and industry which I didn’t specify and don’t intend to
absolutely, all these are factors that come into your decision making, including your degree of risk acceptance, your insurance cover, a 2nd income , no. of kids, which is why we can only go by the guideline - which is don't do it.
If you know all these things and they are well sorted then you may be able to come to a decision to ignore all the advice , take the risk, and in 5 years time you'll be laughing your way to a mega portfolio - maybe.
For clarity, nothing I say is advice....
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Originally Posted by peat
absolutely, all these are factors that come into your decision making, including your degree of risk acceptance, your insurance cover, a 2nd income , no. of kids, which is why we can only go by the guideline - which is don't do it.
If you know all these things and they are well sorted then you may be able to come to a decision to ignore all the advice , take the risk, and in 5 years time you'll be laughing your way to a mega portfolio - maybe.
I concur with you Peat.
Tick
Low interest rates for a while.
What happens when all the helicopter money is looking for a return
Mega potential for portfolio returns as per 2009
Just be wary if inflation picks up
Mega potential for portfolio slashed also so I have diversified portfolio of investments
Revolving credit available & ready.less risky than CFD's
Last edited by kiora; 02-04-2020 at 04:56 AM.
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Originally Posted by peat
your insurance cover,
maybe needs to be clarified what should be put into place
If I was taking risks relying on my income I would stump up for some sort of permanent disability insurance , and life insurance with enough cover to buy the portfolio outright and provide sufficient income for the wife and kids.
Unexpected stuff can happen, and you should see these insurance costs as the price for taking on extra risk and mitigating that risk wherever it is possible to do so.
For clarity, nothing I say is advice....
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Originally Posted by Entrep
You risk it every day you put money into something other than your mortgage and whether it is reckless or not depends on a number of factors including equity, salary and industry which I didn’t specify and don’t intend to
The choice with money, to put it into your mortgage - or into another asset, can't ever avoid the risk of choosing the worst option.
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