I will most likely not bother with VCTs. Thanks for sharing your experience with these investments!
Regarding investing in properties and using leverage, where you put max 20% of your own money on an interest-only mortgage, I believe that's the only realistic way to create some real post-generation wealth. Leverage is an awesome advantage that properties have over stocks and shares and I want to use this as much as my risk appetite will allow me.
I'm earning a relatively high wage, around £200,000 a year, however I realise that I can never become wealthy just by relying on it or investing it in the stock market. Ideally I wished I started earning this kind of money when I was in my 20s, then I would've had some chance. But who would pay you that?
And owning a property, especially in the hugely overpriced South East, is such a drag on one's finances. People just don't realise it. I don't necessarily want to buy properties in the UK, there are plenty of opportunities in Europe. I'm thinking about Spain or Bulgaria, where there is still some value to be found.
Regarding investing in properties and using leverage, where you put max 20% of your own money on an interest-only mortgage, I believe that's the only realistic way to create some real post-generation wealth. Leverage is an awesome advantage that properties have over stocks and shares and I want to use this as much as my risk appetite will allow me.
I'm earning a relatively high wage, around £200,000 a year, however I realise that I can never become wealthy just by relying on it or investing it in the stock market. Ideally I wished I started earning this kind of money when I was in my 20s, then I would've had some chance. But who would pay you that?
And owning a property, especially in the hugely overpriced South East, is such a drag on one's finances. People just don't realise it. I don't necessarily want to buy properties in the UK, there are plenty of opportunities in Europe. I'm thinking about Spain or Bulgaria, where there is still some value to be found.
Statistics: Posted by Hopeful25 — Tue Jun 18, 2024 3:41 am — Replies 11 — Views 881