J
Joseph Investing
New Member
Hi Everyone,
Joseph here and I am here to say hi and network with other like-minded investors and business people.
So I just turned 30, I recently sold my e-commerce company for a mid 7 figure and have a pool of cash that I want to start investing with. I own outright my own residential home and am looking to leverage all of this to build a portfolio. I am here to chat with others and learn about some of the directions I could get started with. I have 5 years of experience as an electrician (I can also do a lot of general building, plastering, etc so have a bit of an eye and idea of renovation costs) and have 6 years of online business experience. I've always wanted to do property investments and now is the time for me to get started. I lack knowledge of applicable strategies and finance options (while I have access to capital I want to make it work for me).
Goals: To create a long term, low risk, asset for retirement, while creating income from cashflow. I no longer make a monthly salary due to the sale of co. so I need to replace this eventually. I meet family needs with approx. £5k PCM, which with the interest already being generated is not a lofty target, so the main goal is creating a long term asset and making existing investment pot really work for me.
The areas I am interested in and seeking recommendations on right now are as follows:
Feels a bit weird posting this all as an introduction but I really think its a good place to start as my situation is a little different than most. Love to hear any input you guys have on any of the areas I have discussed above OR other areas I might not even have considered.
Thanks
Joseph here and I am here to say hi and network with other like-minded investors and business people.
So I just turned 30, I recently sold my e-commerce company for a mid 7 figure and have a pool of cash that I want to start investing with. I own outright my own residential home and am looking to leverage all of this to build a portfolio. I am here to chat with others and learn about some of the directions I could get started with. I have 5 years of experience as an electrician (I can also do a lot of general building, plastering, etc so have a bit of an eye and idea of renovation costs) and have 6 years of online business experience. I've always wanted to do property investments and now is the time for me to get started. I lack knowledge of applicable strategies and finance options (while I have access to capital I want to make it work for me).
Goals: To create a long term, low risk, asset for retirement, while creating income from cashflow. I no longer make a monthly salary due to the sale of co. so I need to replace this eventually. I meet family needs with approx. £5k PCM, which with the interest already being generated is not a lofty target, so the main goal is creating a long term asset and making existing investment pot really work for me.
The areas I am interested in and seeking recommendations on right now are as follows:
- Expanding knowledge and developing an investment strategy to meet my goals by taking at least 2 quality e-learning courses and attend 2 reputable in-person training courses (happy to get recommendations).
- Developing a data-driven process for analysis of property investments.
- Before starting to have a logical plan for tax efficiency and business structure (sole trader, LTD etc?),what makes the most sense when starting out?
- Learn more about finance, mortgages, and loans.
Feels a bit weird posting this all as an introduction but I really think its a good place to start as my situation is a little different than most. Love to hear any input you guys have on any of the areas I have discussed above OR other areas I might not even have considered.
Thanks
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