Investment & Investing

Passive income is gained by investing in the long term. Compound interest is your friend.

I need to do a lot of learning. Cheers.
Feel my heads too full of other gubbins, might need to do a purge and eat some blueberries.

Tbh I'm only just getting my head around the whole investing thing. Just wish I'd had that knowledge 5-10 years ago.

Passive income is gained by investing in the long term.

Or by selling things that cost nothing to make, beyond a one-time creation effort, like digital books.

Both of these kind of things assume some things

i) you invest in the right things

ii) you can create something that people will actually want in exchange for beer tokens

Are you sure a HL JISA is free to run?

It was when I opened it - It appears to have changed now

Or by selling things that cost nothing to make, beyond a one-time creation effort, like digital books.

Or by rent seeking on assets that you control.

Easy if you are a boomer that bought their house when it cost less than a year's salary. A little harder if you're a millenial that works 3 jobs, pays 80% of their income on rent, and a single bed apartment with a shared bathroom costs 8x your annual income before tax.

I'd stick £15K of that straight into Silver Britannias with the aim of selling them in about 7 years.

I know someone who's all over that silver shit. There's some guy on youtube who's raving about silver this and silver that. But my opinion is anyone who advertises a money making scheme isn't using it make money themselves so it's likely bollocks.

read this. don't go quite as far but realise what he's done and what he has.

http://earlyretirementextreme.com/

That article doesn't really say how they afford to invest in property to the extent that it generates enough to live off, particularly how they finance property purchases - It would be a lot more enlightening if you could see the real numbers.

Precious metals are one of the oldest stores of value known, hardly some internet pyramid scheme. Its a hedge well worth while if the impending Global financial doom which I'm expecting happens.

It was something about buying the metal rather than the shares because there's not enough silver on the planet to match the shares yada yada so if everyone cashed out they'd be fucked and if you have real silver you'd make a killing. Not the investment in silver/metals was the issue per se but the whole thing just seemed a little bit get-rich-quick kinda spiel.

https://www.youtube.com/results?search_query=silver+investing

"A freegan in his early 30s".
Nah.

Read through the site - there are lots of people’s stories and ways they did it.

Keep reading through the site. You’ll learn something I guarantee.

Ok ok, I'll give it a go...

You’ll learn something I guarantee.

Yeah, like go for the brown apples with the little holes in them for bonus protein.

This is why Swiss cheese is a volumetric lie

Talking of Nutmeg, I just got the message below about a referral thingy. It gives you six months of zero-fee investing, and I get some beer money!

==

I invest with Nutmeg and they gave me a special offer to share with my friends. I’m treating you to no Nutmeg management fees for 6 months when you invest. I’ll also get a reward, so it’s a win-win. Capital at risk. Terms and conditions apply. https://nutmeg.mention-me.com/m/ol/qq8jf-matthew-sparkes

^ha. Beat me to it

Barclays .... High risk but long term no brainer.

Go on then Sparks, I’ll know where to come crying.

Disclaimer...

I started using it about a year ago: it's been up, it's been down. I have no idea what I'm doing. Maybe they don't either. But the app is very nice, which, in 2019, is the most important thing.

Also, we going to grab a drink soon? With or without the Mrses, either way.

Yes bro, I’ll drop you a message.