zlb
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£200k
Oct 15, 2018 20:09:07 GMT
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mjc likes this
Post by zlb on Oct 15, 2018 20:09:07 GMT
What's the quickest way to make £200k into £300k or £400k?
And
What's the strongest, but not necessarily safest way to make £200k into £300k or £400k, that's not 1.5% in Marcus?
And would either of these create a steady drip income?
Business start up ideas welcome. Public sector drudge asking (no, definitely not one of the fields of public sector work that have had a pay rise, at all. A good pay rise is 1% usually it's 0% or 0.5%, restructuring every year, it's totally absurd).
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benaj
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Post by benaj on Oct 15, 2018 20:16:56 GMT
Well, a bit of luck in a casino, 200k on the black and win  , or lose 200k on the red  / '0'. Definitely huge risk |
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r00lish67
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Post by r00lish67 on Oct 15, 2018 20:21:12 GMT
What's the quickest way to make £200k into £300k or £400k? And What's the strongest, but not necessarily safest way to make £200k into £300k or £400k, that's not 1.5% in Marcus? And would either of these create a steady drip income? Business start up ideas welcome. Public sector drudge asking (no, definitely not one of the fields of public sector work that have had a pay rise, at all. A good pay rise is 1% usually it's 0% or 0.5%, restructuring every year, it's totally absurd). What is this, quora? Quickest - an online casino. Strongest - invest in a low-cost global equity tracker for 25 years or so. Equities should create a steady drip of dividends, casino not so much. Business start up idea - Stand next to the Millennium wheel and attach braids made of string to unsuspecting foreign tourists' wrists saying that it's a gift. Once the braid is attached, refuse to let go until they give you £2. If they refuse, start to make a scene until they pay. Do this 100,000 times.
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zlb
Member of DD Central
Posts: 1,422
Likes: 333
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£200k
Oct 15, 2018 20:31:48 GMT
via mobile
Post by zlb on Oct 15, 2018 20:31:48 GMT
What's the quickest way to make £200k into £300k or £400k? And What's the strongest, but not necessarily safest way to make £200k into £300k or £400k, that's not 1.5% in Marcus? And would either of these create a steady drip income? Business start up ideas welcome. Public sector drudge asking (no, definitely not one of the fields of public sector work that have had a pay rise, at all. A good pay rise is 1% usually it's 0% or 0.5%, restructuring every year, it's totally absurd). What is this, quora? Quickest - an online casino. Strongest - invest in a low-cost global equity tracker for 25 years or so. Equities should create a steady drip of dividends, casino not so much. Business start up idea - Stand next to the Millennium wheel and attach braids made of string to unsuspecting foreign tourists' wrists saying that it's a gift. Once the braid is attached, refuse to let go until they give you £2. If they refuse, start to make a scene until they pay. Do this 100,000 times. Yes quora  I like the braids idea. No license to print money extra qualification required to change career. In fact not quora as they are a bit rubbish really.
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zlb
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£200k
Oct 15, 2018 20:54:22 GMT
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Post by zlb on Oct 15, 2018 20:54:22 GMT
Thanks. Oh yes, that house price rise, that if one didn't get on at the beginning, you never will.
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zlb
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£200k
Oct 15, 2018 22:21:14 GMT
via mobile
Post by zlb on Oct 15, 2018 22:21:14 GMT
Thanks. Oh yes, that house price rise, that if one didn't get on at the beginning, you never will. This obsession with being on the “property ladder” seems limited to the uk thankfully. Probably won’t last much longer though. Which is probably a good thing since it’s a terrible investment compared to equities but made even worse when you actually live in it. intriguing. I know Europe has lifetime rental. Will happen here because no other option? I thought it was housing that increased more that equity... A misty "bricks and mortar" comes to mind from the past. Why worse if you live in it? Because it's not very liquid?
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mjc
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£200k
Oct 16, 2018 19:28:10 GMT
Post by mjc on Oct 16, 2018 19:28:10 GMT
What's the quickest way to make £200k into £300k or £400k? And What's the strongest, but not necessarily safest way to make £200k into £300k or £400k, that's not 1.5% in Marcus? Do a Homes Under the Hammer 4 times over. Hope there is no price slump. You have to live in the property or the second home Tax is crippling. Turn the project over quickly. Choose your area ie not London. You make the money when you buy, not when you sell. Leave a contingency fund, and no mortgage for these p2p types to share the profit with 😀
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zlb
Member of DD Central
Posts: 1,422
Likes: 333
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£200k
Oct 16, 2018 22:10:55 GMT
via mobile
Post by zlb on Oct 16, 2018 22:10:55 GMT
What's the quickest way to make £200k into £300k or £400k? And What's the strongest, but not necessarily safest way to make £200k into £300k or £400k, that's not 1.5% in Marcus? Do a Homes Under the Hammer 4 times over. Hope there is no price slump. You have to live in the property or the second home Tax is crippling. Turn the project over quickly. Choose your area ie not London. You make the money when you buy, not when you sell. Leave a contingency fund, and no mortgage for these p2p types to share the profit with 😀 make money when you buy? Unless there's a slump? Yeah no mortgage is good. It's over a decade since I saw that prog ... Got rid of the TV when there was that switch to something different... The signal? How do their teams of plumbers etc mysteriously get paid?
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Post by mattygroves on Oct 17, 2018 14:02:05 GMT
The long term way to do it is to invest in the stock market.
I've managed to turn £188k invested into £388k over 29 years. For the first 10 years I was only investing £50 a month but after that the full ISA allowance went in nearly every year with dividends were reinvested (or accumulation units held) until March 2016 when I started to withdraw the income every quarter as it arose.
Obviously I've been through quite a few crashes and dips but am happy even with the very bad years.
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£200k
Oct 17, 2018 15:27:11 GMT
Post by Deleted on Oct 17, 2018 15:27:11 GMT
200 to 300. It depends on the tax implications but I would expect to take about 5 years if zero tax.
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zlb
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£200k
Oct 17, 2018 15:59:56 GMT
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Post by zlb on Oct 17, 2018 15:59:56 GMT
200 to 300. It depends on the tax implications but I would expect to take about 5 years if zero tax. that's quite skilled. Your work, or an IFA where you've been lucky by artificially ticking the high risk investor profile?
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zlb
Member of DD Central
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£200k
Oct 17, 2018 17:16:39 GMT
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Post by zlb on Oct 17, 2018 17:16:39 GMT
It’s “just” 8.44% per year. Not too tricky with recent stock market gains and some skill/luck. Not entirely out of my league then.
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mjc
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Post by mjc on Oct 18, 2018 19:53:38 GMT
Do a Homes Under the Hammer 4 times over. Hope there is no price slump. You have to live in the property or the second home Tax is crippling. Turn the project over quickly. Choose your area ie not London. You make the money when you buy, not when you sell. Leave a contingency fund, and no mortgage for these p2p types to share the profit with 😀 make money when you buy? Unless there's a slump? Yeah no mortgage is good. It's over a decade since I saw that prog ... Got rid of the TV when there was that switch to something different... The signal? How do their teams of plumbers etc mysteriously get paid? Yup you make the money by buying well, after your DD, at Auction, at the right price. Not ‘hope to’ when you sell. By turning the project over very quickly and recycling your capital several time a year will make more than doing it slowly over a couple of years. If there was a slump whilst holding a property you could end up holding a hot potato that is worth less than you bought it for. Financing costs money, so with £200k to start with you can buy a £50k property, in the right area, have enough for any extra work, and avoid hefty finance charges. Once complete you can start the next project whilst the selling is ongoing.
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zlb
Member of DD Central
Posts: 1,422
Likes: 333
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£200k
Oct 18, 2018 20:59:58 GMT
via mobile
Post by zlb on Oct 18, 2018 20:59:58 GMT
make money when you buy? Unless there's a slump? Yeah no mortgage is good. It's over a decade since I saw that prog ... Got rid of the TV when there was that switch to something different... The signal? How do their teams of plumbers etc mysteriously get paid? Yup you make the money by buying well, after your DD, at Auction, at the right price. Not ‘hope to’ when you sell. By turning the project over very quickly and recycling your capital several time a year will make more than doing it slowly over a couple of years. If there was a slump whilst holding a property you could end up holding a hot potato that is worth less than you bought it for. Financing costs money, so with £200k to start with you can buy a £50k property, in the right area, have enough for any extra work, and avoid hefty finance charges. Once complete you can start the next project whilst the selling is ongoing. wow. So financing is £150k on you example? Getting that back plus profit requires buying the right kind and location of derelict property.
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mjc
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Post by mjc on Oct 19, 2018 10:41:35 GMT
NO. You wanted to turn £200k into £300k quickly. One suggestion was to wait 30 years. i suggest of your available £200k you invest say 25%, keep the rest for contingencies and perhaps your next concurrent project. Buy at auction after proper DD in say Stoke on Trent or Dudley, or parts of Liverpool etc where you can buy a 2 bed Terrace in an upcoming area for £50k spend £20k to sell for £90k. Buy the worst house in the best area. Repeat. Repeat. Make £10 - £20k each time, turning it over quickly by using good contractors. Only do what you are good at. Your legal get rich quick options are limited, unless you are into gambling. What can possibly go wrong?  ? I wish I had done that 30 years ago, but now I have a few residential and commercial properties, unencumbered, and so p2p is just for a bit of fun, and to park ISA money. |
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, or lose 200k on the red 
/ '0'. Definitely huge risk
I like the braids idea. No license to print money extra qualification required to change career. 
?