Sir Stirling Moss: 'Do I bank online? Good lord no' How do you invest? I endeavour to use money to my advantage by investing it in property. My father used to say there is no better hedge against inflation than bricks and mortar and I believe he was right. At the moment I have 45 tenants spread across 10 rented properties, some in bedsits accommodating eight or nine people and some in flats with just three or four sharing. What's been your investment strategy? If I'm going to buy a new property I go to see it and work out how much I might need to spend on basic improvements and then what level of rent I think I can get. I am usually looking for at least a 7pc return, but I always buy within scooter distance of my office so if someone calls to say the washing machine is broken I can get on my bike and go over myself to try and fix it. I have properties in West Kensington, Maida Vale, Pimlico and Battersea – all within a 10-minute scooter ride of my home in Mayfair.[Read more...]