hey guys,
Thank you for the replies.
1) ETFs - I don't like ETFs, I think they are too diversified, I rather have a portfolio of 10-15 high quality company which increase their dividends on a regular basis. I'm attracted to REITs (O, NNN, ARCP), also attracted to the 'staples' (KO, MCD, PEP, XOM, CVX etc.). I rather take the risk. I will take a look at the book, it may take a little more to persuade me! I know I can't beat the market but I like the idea of having a 10-12% YoC after a few years (minus any taxes).
2) Property - The opportunity cost is huge if I don't take this route, I want to ideally purchase a 1-2 bed flat on the outer skirts of london, but the leverage and commitment ( + broken boilers) is really putting me off, obviously I would want to pay it off asap then remortgage, get a second flat/house and put the first one on rent.
3) ISA - here in the uk we do not have ROTH IRA or 401Ks, we have ISAs. The limit is £15K, I haven't open one this financial year because im still mulling over property vs shares.
4) Saving - by the end of this year I will have enough cash banked to put a deposit down on a small flat.
My biggest worry is that if I do go all out on the equity, I will then have to start all over for the deposit on the house..
Anyone else got any sound advice for this scenario?
Thanks