Investment advice for 16 year old

[Mike Reed]

Jensen, the example you mention (your own property) is a bit of a one off, and surely, if you've bought the freehold, it isn't leasehold any longer, despite the sub-lease. I've never heard of a leasehold cum freehold property as the two are recognisably different forms of ownership. Bit puzzled here and would like to be educated.

Ah, just a thought. Do you mean (like your own example) a freehold property which exercises a lease on another in its curtilage ? Not many of those around, I'd wager.

 

[gintonic]

buy £10k of high grade coke, cut it and sell on...

 

[JensenHealey]

There are zillions of leasehold properties in the country. All of the underlying freeholds (the land, essentially) are tradeable as a seperate entity. If you are investing for the long term - buying freeholds can be very good investments. Ask the Duke of Westminsters estate!

 

[hifinutt]

we took out stakeholder pensions for our children and they grow at huge rates with no further investment . one grew by £75 last year [ £430 ] royal London and another with standard life did the same . if I had put that in the bank for them they would be lucky to get a couple of quid

 

[Mike Reed]

There are zillions of leasehold properties in the country. All of the underlying freeholds (the land, essentially) are tradeable as a seperate entity. If you are investing for the long term - buying freeholds can be very good investments. Ask the Duke of Westminsters estate!

Sorry, Jensen; I completely misinterpreted your original 'left-field' idea as I was thinking property rather than land rights. Interesting idea and of course this is a variation on what large builders are being taken to task over at the mo'. Two decades or more ago BTL was the no-brainer way to get rich; with hindsight, of course.

 

[blossomchris]

Investment advice, good luck with that one.

Bloss

 

[Craig B]

Apparently Airbiscuit still pops out occasionally.

...and it's Whocuttadacheese ahead by a nose!

 

[molee]

Before following hifi forum advice regarding pensions take a few moments to check out acturial rates/forecasts, pension deficits in both public/private sector, the laws regarding roles of pension trustees/major shareholders in company pension schemes etc etc. Your 16 year old embarking on a pension is the best thing that they could do (to prop up the pension of a 66 year old).
Someone proposing property?-ask if they have a vested interest in a 16 year old propping up their property price. Amateur financial advice is a bit like amateur psychiatry- the advisor ends up projecting their own interests/issues on to that of the advisee (as do many professional advisors it has to be said).
The non-financial advice propounded above appears much more useful. Flexibility, transferrable skills, family/social solidarity, positive mental outlook- the stuff you cant put a price on.

 

[law]

Before following hifi forum advice regarding pensions take a few moments to check out acturial rates/forecasts, pension deficits in both public/private sector, the laws regarding roles of pension trustees/major shareholders in company pension schemes etc etc. Your 16 year old embarking on a pension is the best thing that they could do (to prop up the pension of a 66 year old).
Someone proposing property?-ask if they have a vested interest in a 16 year old propping up their property price. Amateur financial advice is a bit like amateur psychiatry- the advisor ends up projecting their own interests/issues on to that of the advisee (as do many professional advisors it has to be said).
The non-financial advice propounded above appears much more useful. Flexibility, transferrable skills, family/social solidarity, positive mental outlook- the stuff you cant put a price on.

You are absolutely right, of course.

I have found every single one of the replies, even the apparently flippant ones, to be very helpful - if not for the actual advice but for the various thoughts and opinions.

I feel safe on this particular forum that the comments are to be (mostly) taken at face value, and I am very appreciative of them all.

 

[Cav]

Apparently Airbiscuit still pops out occasionally.

so does Arsebicuit...

 

[wacko]

Wait for stock market to drop. Then buy shares in 5/6 companies of your/his (apparently my kids told me about Netflix a couple of years ago: shame I wasn't listening !) choice.

 

[Kraus]

No, I've just been putting away all the small amounts of cash from Christmas / birthday presents which have come from family members.

It all adds up. He doesn't even know that he has it,

He must think he's got a pretty mean family.

 

[Mike Reed]

He must think he's got a pretty MEAN family.

Just average, I guess.