With it confirmed in April that the UK has gone back into recession after revenue shrank for the second quarter in a row the interest rates savers receive on their cash is looking to continue to be at disappointing post-2008 returns from some time to come. Today we cover 5 alternative methods for how high net worth individuals can take advantage of today’s economy and beat the disappointing 1-3% returns offered by banks.
(1) Stock Market - although a “typical” stock market return was believed to be an average of 8-10% per year, some reports show that over the last 10yrs the average return has been just 4.0% per year. However experts agree, the best times to buy is always after a bust, the astute investor who bought after the 1929 crash made incredible returns over the following years. But is this the lowest the stock market will go? No-one really knows although it’s clear that many of tomorrow’s millionaires will come from shrewd stock market investments made in these recession years.
(2) Buying a Business / Franchise – Now is the best time to buy when assets are undervalued and when otherwise strong businesses who are simply having cash flow issues. Profits are to be made by those with cash as buying shares or loaning £50,000 - £250,000 to such companies can provide an amazing return due to the reluctance of banks to lend or lend at reasonable rates.
(3) Have your revenue put to work by a mobile phone recycler who uses clients funds to increase trading in buying second hand mobiles from UK consumers and reselling them in bulk, aboard for a significant profit. One company provides a passive Fixed 18.0% Annual Return on an individual / company’s capital of £100k - £250k. All funds are used for mobile phone trading not salaries, business expenses, rent etc. More Details here >>
(4) Micro Loan your revenue to consumers by using a service such as Zopa, individuals list the reason why they need a loan and the interest rate they’re willing to pay and you can choose whether to loan your funds to them. The Zopa website states that an average annual return on loans is 5.6% per year after charges. More here >>
(5) Become a Dragons Den style business angel. Although there is a risk element investing in a business it is the means that many affluent individuals use to beat the dismal 1% - 3% returns offered by banks’ savings accounts. You can join a business angel broker website for free and they'll send you regular proposals from companies looking for capital at no charge.
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