£40-£50k Investing Ideas

ILikeDIYS said:

That's why it's only going up from here long term.

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A good tip is never to believe anybody who says that.

I was working in a computer tech environment when Bitcoin was launched & remember quite a few buying £100 worth to play with. Although I was very interested in the concept back in those days the only things you could use it for were of no interest to me at all. I don't ever recall any discussion of it being a future investment & one day being worth £billions . . . .

Over the years some of my ex-colleagues have kept in touch in loose groups over soshal meedya with one group being quite tight & still regularly meeting up. There has been some talk of "what if?" with one chap adamant that he threw over £10million away when he cleared out his floppy disks !!! & quite a few saying the MT Gox episode wiped them out.

I've only ever played with it once when Coinbase started up. I bought £100's worth & sold it for £88 a few months later.

Digital currencies like Bitcoin are the future. If you think not then you haven't yet grasped the concept & probably still struggle with getting your paper £cash out of a machine. I don't know anyone today who plays with it as an investment although I'm aware that quite a few find it an easier way to gamble with their £money than stocks & shares.

Digital currencies are coming & their use will be common place within most of our remaining lifetimes, but there will be many of them & trading/gambling in them will be just like gambling/trading in the currency markets of today.

No one so far seems to have mentioned investing in "people" as an option. Whilst most of my wealth stems from bricks n mortar, by far my biggest returns have come from investing in people !

ILikeDIYS said:

Don't listen to this guy^

Your son has the right idea, put it into Bitcoin. But don't go all in right now. Bitcoin moves in 4 year cycles and is coming to the peak of it's current cycle. Wait until the peak happens and the downtrend begins THEN start dollar cost averaging (putting bits of money in each time it drops). Do this until after the next halving (880 days from now), that is when it really starts to run. This peak could see anywhere between 90k and 170k... the next peak (in about 3 years time) could see 500k.

Young people don't want stocks and shares, ISAs or any other boring investments, they want Bitcoin. They will inherit money from old people and guess where they will put it? That's why it's only going up from here long term.

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And this ladies and gentleman, is why giving financial advice is highly regulated.

Writing this post I am tempted to tear your "logic" apart but it's such a ludicrous post it doesn't even deserve that.

MMarve said:

And this ladies and gentleman, is why giving financial advice is highly regulated.

Writing this post I am tempted to tear your "logic" apart but it's such a ludicrous post it doesn't even deserve that.

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You have no logic because you have no knowledge of this asset.

Yeah financial advisors weren't telling people go get into BTC 3 years ago, they were late to the game.

I've got some lovely tulip bulbs here.

JohnD said:

I've got some lovely tulip bulbs here.

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You sound like someone who just parrots things they hear in the mainstream media. What next, terrorist financing? I've heard it all before.

Also AFAICR it was a banker that likened it to tulips... of course banks are going to be anti-BTC until the day they hold it on their balance sheet.

ILikeDIYS said:

You have no logic because you have no knowledge of this asset.

Yeah financial advisors weren't telling people go get into BTC 3 years ago, they were late to the game.

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You have no idea what I know or don't know about.

I have not said anything negative about Bitcoin, I have not said it isn't the future.

What I have said that from a financial advice point of view, on the limited information we have about the OP, investing THIS £50k into Bitcoin is NOT the advice to give!

"trading/gambling in them will be just like gambling/trading in the currency markets of today."
Dunno, currencies today have things called countries behind them. Cryptos have speculators setting the value.

There are sound arguments why cryptos "should" become popular with institutions but that doesn't mean you can't lose say 75% of whatever you invest, when you have to sell.

Property with 50k wouldn't be easy. Grotty only. Avoid the grotty, you get grotty tenants. Hate to say it but avoiding the stereotypical trouble-making groups isn't prejudice, it's experience-based decision making! The sector is attacked rather, now, and there's always the risk that a tenant will wreck it and scarper.

You could buy shares in a property company if you wanted.

ILikeDIYS said:

Young people don't want stocks and shares, ISAs or any other boring investments, they want Bitcoin

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Making money, long term, is very boring. So is working for a living.

Much more exciting to lose it on a horse or a popular bandwagon that you don't understand and can't forecast.

When you start to gain more in a year than your would have done working, it becomes more interesting.