On Thu, Dec 09, 2004 at 12:16:27AM +0000, Brian Scanlan wrote:
On Wed, Dec 08, 2004 at 04:48:34PM +0000, David Concannon wrote:
Good points, this feeds into Dave's crazy idea number 2, which is property investment.
I wouldn't be mad for, say, buying a house. The market is quite inflated, a local crash could easily get rid of a lot of the value of investment, though there's no sign that the present levels of inflation in the market is likely to ease back really.
When Davey suggested buyign a house my first thought was that it would be in Budapest or Warsaw or Lisbon or somewhere like that. Not local. Wouldn't that be a better road to go down?
Shares? :)
...and maybe some money in shares too. A pool of money for random well-returning shares would be a good idea, and it'll bring out the gambler mentality in us, ensuing in some analysis of markets and learning some stuff along the way. Risk will be small, since we're already diversely investing. The amount invested into shares and tracker funds can be limited to avoid risking losing too much money in the case of a war or whatever.
I think diversifying investments would be a good idea in the long run, but is probably distracting from the straightforward lump sum investment idea at the moment. Might be a good thing for "version 2" of the Investment Club, after version 1 has been realised. Daire -- "He that wrestles with us strengthens our nerves, and sharpens our skill. Our antagonist is our helper." - Edmund Burke