2006-10-13 14:04:11 · 10 answers · asked by Anonymous in Business & Finance ➔ Investing
Hello. Judging by your reference to pounds sterling, I am guessing that you are in the UK.
Personal debt is soaring in the UK. The UK alone accounts for a significant fraction of all the consumer debt in all of Europe! See http://news.bbc.co.uk/2/hi/business/4366225.stm and http://business.scotsman.com/index.cfm?id=1432912006
The popularity of "endowment mortgages" was a catastrophe that has resulted in a severe stock market bubble (still not fully corrected) on top of a real estate bubble. Also popular in the UK are a variety of "exotic" mortgages such as "interest only" and variable-rate interest.
Massive amounts of accumulated debt tend to resolve themselves in recession, inflation, or both simultaneously.
As a result of these conditions, I suggest that you invest your money very conservatively. Ready money is the king's command.
I suggest keeping a significant fraction of your assets in SHORT TERM, top-rated investment quality government bonds and other near-cash-equivalents. You should also consider inflation hedges such as precious metal and short-term bonds denominated in relatively "hard" currencies. If you are interested in equities, consider keeping them no more than a modest portion of your portfolio, select only dividend-paying blue-chip stocks, and look for relative bargains in less asset-inflated markets such as Germany.
Investment advice is usually worth no more than you pay for it, and often less. I suggest that you look for references for brokers and financial advisors. When you do business with them, I suggest making it clear that you are risk-averse under the current economic conditions. Make it clear that you want to be hedged for both inflation and recession. It is far easier to lose £100K than to make it.
This post is for educational purposes only and does not constitute advice to buy or sell securities. Do your own due dilligence.
Good luck and great success.
2006-10-13 15:18:13 · answer #1 · answered by Atash 2 · 0⤊ 1⤋
Put your money in a bank account and read Robert Kiyosaki's Rich dad, Poor Dad. Invest in your financial intellegence before you invest anything in ANY market, no matter how much it's booming.
2006-10-14 01:43:26 · answer #2 · answered by Jason T 3 · 0⤊ 0⤋
In the UK...given the crap condition of your medical service for routine care (no offense), I would invest some, not all, in business related to medical services (if your government gets their bleeding hands out of it enough for a company to make a profit).
2006-10-13 22:48:04 · answer #3 · answered by profitmessenger 2 · 0⤊ 0⤋
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2006-10-14 09:39:54 · answer #4 · answered by stock.geek 2 · 0⤊ 0⤋
get a franchise for any brand. Is better to invest in restaurant.. the profit margin is high..
2006-10-13 21:24:53 · answer #5 · answered by edward g 1 · 0⤊ 0⤋
invest about two to three hundred or so in the advice of a reputable, stable, well-known financial advisor
2006-10-13 21:09:04 · answer #6 · answered by kerangoumar 6 · 1⤊ 0⤋
you should buy some flats and rent them out, and get some shares in yahoo or something, or a football club, not a business that is gonna go up the u know what!
2006-10-13 21:12:25 · answer #7 · answered by Andy H 3 · 0⤊ 0⤋
Talk to a financial planner - get a good one!
2006-10-13 21:12:07 · answer #8 · answered by padwinlearner 5 · 0⤊ 0⤋
Here is what I did. GO TO shahansdestinations.com . I LOVE IT! LIMITLESS INCOME POTENTIAL! GOOD LUCK ON YOUR JOURNEY!!!
2006-10-15 18:26:36 · answer #9 · answered by Laura S 4 · 0⤊ 0⤋
shares or in real state
2006-10-13 21:12:34 · answer #10 · answered by LOST 6 · 0⤊ 0⤋