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I'm amazed at the amount and size of CFD being opened atm ..... hope the issuer have them fully covered.
let's all go and buy a big effing field.
Stamp duty, the tax on buying land or properties, is being temporarily cut in England and Northern Ireland. From now until 31 March it will only be charged on properties costing £500,000 or more.
--well that is good timing Rishi ! I'll go and have a discounted meal out at get on rightmove !
I suppose if the property is for living in. Sell now, rent for 6-12 months then buy cash could be the way forward. I quite like the idea of going to the auctions and doing a fixer upper to rent out.
Unless you're genuinely convinced by a share, I'd just stick with cash. Got buying a property pencilled in for like April.
The other problem with property as an investment especially commercial property is that it is illiquid. What if you can't sell it.
Staying predominantly cash...winter Covid-19 mk2, US elections, brexit, China playing up. A ****tail of possible chaos....Will deploy a bit...10/15% max
Risky but could be a good idea. Gold miners look good but risky if there is a wholesale sell off of everything liquid or the mine you invest in has problems. It's all a gamble and almost impossible to get it right
Could always sell up now, rent for 12-24 months or downsize, come back to market in 18-24 months, my guess is you will be able to get more bang for your bucks then.
aimo
Imo Stay out of property. People loosing jobs. Will not be able to pay mortgages. Prices will slip probably by quite a bit
A few pump and dump companies being mentioned on various platforms as a haven for the RRE cash. Personally I am staying out of the stock market. The stress of the last 3 months has been horrendous. Also if RRE is a benchmark for valuations there aren't many bargains out there. COVID is savaging the USA and South America so another flash crash is quite likely. £18.50 still fking hurts.
What about property investment? Buy a fixer upper or a flat to rent out. Any experience out there? any tips?