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investment

nunu

Novice Member
I have been reading the recommendations on how to invest an amount of money.
Has anyone got advise on wine / art investment.
 

wookielover

Prominent Member
I'm always being offered investments from foreign princes , normally Nigerian . I'm lucky they have my email address really
 

pandemic

Prominent Member
Both are specialist markets, I wouldn't (and don't) trust anyone else's recommendations when investing in anything. Always do your own research and only invest when you know enough about the subject in question.

I spent 6 years researching stocks and shares, before I made my first investment.
 

Trollslayer

Distinguished Member
You risk spilling the wine on the painting.
Seriously - for experts only.
 

DrWise

Banned
do not invest in wine or art :)
invest in property :) and franchises
 

johntheexpat

Distinguished Member
There is only one rule you can rely on. The higher the return, the riskier the investment.
But at the moment, in the UK, your cash in the bank savings are returning less than inflation so even your rock solid investment vehicles are losing money.
 

New Start Neil

Distinguished Member

balidey

Distinguished Member
Very odd first post.
But, back on topic, I have no real advise or experience on investments personally, but I was was told that over the last 100 years the only thing to consistently hold or increase in value is gold. So if you want a safe investment, buy gold.
 

imightbewrong

Distinguished Member

imightbewrong

Distinguished Member
I spent 6 years researching stocks and shares, before I made my first investment.

How did it go? Did you not find that too much changes over six years for the research to still be relevant? :)
 

Mr_Wistles

Distinguished Member
I have got quite a lot in paintings / photographs. A couple of the artists no longer paint and one of them is now extremely popular (locally) so my pieces have definitely appreciated.
 

imightbewrong

Distinguished Member
I had some paintings - I found they really appreciated just when I needed them to, as the painter had an unfortunate.... mishap

;)
 

pandemic

Prominent Member
How did it go? Did you not find that too much changes over six years for the research to still be relevant? :)

Not bad overall, but it's not for the faint. Need to have patience really, I picked a bad time to start i.e. just when the markets dived at the end of 2008. The first 6 months were bad down 50%, however after 18 months was 200% up. My target was just to make more than the interest the bank would pay on savings, not that I used all my savings only a 'small' amount. So I set a figure of at least 10% up per year and tried to stick to it.

The research never becomes irrelevant, however the 6 years I spent looking at shares were the boom years. So when 2009 came round an the FTSE plummeted (actually the worst was between Sept '08 - March '09), hence I looked into what happened in the 80's/90's 'crashes', not that it was going to be same this time round (that's a whole lot more research into the present financial state/prospects of companies, etc).

In the end I've made more than I put in and exceeded my 10% target by some margin, but I pretty much pulled out last year. Don't have the time to do the research, while holding down a full-time job. The funny thing is I had two lists one was safe investments and the second was risky ones, basically just lists of companies I considered would be profitable in future. I always chose from the safe list, had I have chosen from the risky list; I'd have made a lot more, multiple times more. Was asked if that bothered me, not choosing from the risky list; but as I'd followed a plan and can't say it has.

I still keep an eye on the FTSE, just not enough to actually know enough to buy in again (at the momeny). I do though still maintain one list, titled 'companies that will still be here in a hundred years'. Might have another go in a few years time or sooner :)
 
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