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luvadealme

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About luvadealme

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  1. Me again, just looking at my asset mix - being early forties and approx 8-10 years away from FIRE/ having enough to consider it: 28% cash/low % interest accounts - higher than I like, but idea was to save for a house, so went low risk and didn't put in S+S 72% Stocks/shares (low cost trackers) If I buy a property as described above my mix changes: 15% Home/property 22% cash/low % interest accounts 60% Stocks/shares (low cost trackers) Now I want to diversify, is 2-3% in Crypto and 2-3% in Metals a reasonable strategy? (reducing cash part?)
  2. Thanks for the tip. The telegraph used to have a buy vs rent calculator, but accessing it today I can find the page via Google but no calculator, can other see the same, with or without java script enabled?
  3. Thanks Guys, my own FIRE journey is not too limiting, we have enough gadgets and toys and I don't mind driving an old banger. ideally I want to travel more via mini retirements (I like trekking in foreign climes) but travel is squashed by Covid at the moment, and work wise, many people don't like seeing gaps in employment...am still working on that one. I'll take your advice under consideration, think buying a small house and living an easy life is best option, but Wife wants to 'remodel' everything, so that could eat into FIRE fund. Might have to give in to that one, within reason for a quiet life! I would have been happy to rent forever! Live in different parts of UK or World, but realistically, my Son needs a stable school environment.
  4. Ah yes, my spreadsheets get more playtime than my XBOX!
  5. Am thinking that buying a house will give me less of a headache from the wife nagging me. personally i want to get to FIRE quickly and go travelling again, or at least plan it for when my Son goes to Uni in circa 10 years!
  6. Can I get some advice (it's a little off topic)? Have been on the FIRE journey for past 10 , in my early 40s and am halfway towards my nominal goal of 1 mill (4% withdrawal = £40k) I had planned for another 7/8 to get to my target, based on current earnings, with ISA funding retirement till 57 when I can access the pension. It helped that the place we rented was very cheap for the road, and convenient for the school my Son will go to for next 5 years. However with the current frenzy my landlord is selling up. So I have started to consider buying. I have approx 180 for all buying fees. Should I aim for the smallest/cheapest house and stick to my FIRE principles (that would be 500k) and do nothing to it and continue to save. Mortgage will be 1-200 quid more than rent. Middle option - buy a do-er upper on lowest deposit possible eg 500 - spend 100k turn it possibly into a 650/700 - but have used up all savings and need to start building up my pre 55 living pot again Or stretch to 675/700 and buy a house with 50% more space - better standard of living, less aggro with builders, but 0 savings and higher mortgage. Is there a good calculator to compare these scenarios? i asked all my friends but of course they say 'buy the biggest house you can' they all have no pensions and very little savings. cars on PCP etc. I can move this to an off topic thread if more appropriate.
  7. Thanks for heads up, I better clear my diary and get myself certified.
  8. Apologies for late reply, I work for a SaaS provider for travel industry, looking to widen my scope hence a multi industry focused CRM provider like Salesforce. Follow the FI path so savings wise I can go without work for a while if I need to. Before I jump I think I will look for some reassurance that there is demand in what I plan to train in first.
  9. Bit of a random topic, but thinking of retraining to get a salesforce qualification. Anyone done it, or know if the job prospects afterwards are good? The course is effectively free , just needs 2 to 3 months time commitment. Cheers, J
  10. I couldn't claim anything, as I only had 1 yrs tax return not 2. Seems a little unfair to me....
  11. that's an enviable position to be in I see 6 months is your target timeframe, but I guess you will wait and watch the market. Reason I ask about timings is my broker says that a mortgage offer typically only lasts 3 months nowadays before it needs to be renewed (for an admin cost). But having an offer/proof of capability to buy, gives a buying advantage.
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