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Thank you, that seems to make sense, and you are not the first one to tell me this too. Outside property, what would you suggest to invest my money to? (I'm no

• 369548684892826 1y ago
  I'm not a Financial Advisor so I'm not qualified to make suggestions. But a lot of people find this [0] flow chart useful. It's UK focussed and you can probably skip to Step 8 (so maybe not that helpful?) but what it says for most people is that they should look at making long term investments in low cost index funds in a tax efficient savings wrapper (e.g. an ISA account in the UK) Buying individual properties as an investment can be a huge headache, even trying to sell the investment can take a long time. And as the other reply said, it is quite risky to have so much tied up in a single property where anything could happen to it. 0: https://ukpersonal.finance/flowchart/ https://ukpersonal.finance/flowchart/ edit: A better link, Investing 101: https://ukpersonal.finance/investing-101/ https://ukpersonal.finance/investing-101/
  • cx42net 1y ago
    Thank you. I appreciate your warning on the fact that you are not a financial advisor :)