SearchInvestment options at 47?
Sian asks:
(updated on Friday, March 21st 2014)
I have recently sold my house and have $180,000 to reinvest. At 47 I am considering investing in a couple of rental properties and renting myself. I am not bothered about owning my own home at this stage in my life but just want to know if this is a good option? I work full time and have a half share in rental properties in the United Kingdom, which we will sell in 2015 to also invest here. Thanks!
Our Experts Answer:
Hi Sian, It depends on what you are after and what your end goal is. Do you want to hang onto the properties long-term to provide some residual income at retirement? Are you more looking for capital gain or cashflow at this stage of your life? What is your appetite for risk and do you want something that you can be completely hands off with or are you fine being directly involved? The answer to your question involves a full risk and needs analysis of what you are wanting. I'd recommend contacting an authorised financial advisor who can potentially create a plan with you while explaining to you everything you need to take into consideration before you invest your funds. Thanks, Kris Pedersen
Most Read
| Unity First Home Buyer special | 3.99 |
| SBS FirstHome Combo | 3.99 |
| ICBC | 4.25 |
| Co-operative Bank - First Home Special | 4.35 |
| Co-operative Bank - Owner Occ | 4.45 |
| TSB Special | 4.49 |
| ANZ Special | 4.49 |
| ASB Bank | 4.49 |
| SBS Bank Special | 4.49 |
| Unity Special | 4.49 |
| Westpac Special | 4.49 |
| TSB Special | 4.00 |
| Kiwibank Special | 4.49 |
| Kainga Ora | 4.49 |
| Nelson Building Society | 4.59 |
| ICBC | 4.59 |
| Unity Special | 4.65 |
| SBS Bank Special | 4.69 |
| ANZ Special | 4.69 |
| BNZ - Std | 4.69 |
| Westpac Special | 4.75 |
| ASB Bank | 4.75 |
| ICBC | 4.99 |
| Kainga Ora | 5.15 |
| SBS Bank Special | 5.29 |
| Westpac Special | 5.29 |
| BNZ - Std | 5.29 |
| Kiwibank Special | 5.39 |
| TSB Special | 5.39 |
| ASB Bank | 5.45 |
| AIA - Go Home Loans | 5.45 |
| Co-operative Bank - Owner Occ | 5.49 |
| BNZ - Classic | 5.59 |
| SBS FirstHome Combo | 3.29 |
| AIA - Back My Build | 3.34 |
| SBS Construction lending for FHB | 3.74 |
| CFML 321 Loans | 3.95 |
| Co-operative Bank - Owner Occ | 4.99 |
| Co-operative Bank - Standard | 4.99 |
| Heartland Bank - Online | 5.30 |
| ICBC | 5.39 |
| Kiwibank - Offset | 5.65 |
| Kiwibank | 5.65 |
| Kainga Ora | 5.69 |
