OK Serious suggestions only!
Surely some of you well heeled contractors are in the fortunate position to have a bit of cash floating around. Have you considered any investments or do you just keep the money in the bank?
Way I see it is, £100k in a bank at 5% interest is £5k income a year, before tax, and then of course that value is eroded 2% by inflation. So that's a pretty crap investment by any standard.
The property game is expensive, slow, boring and currently garnering an over-interest from everyone in the universe. So it's not a great investment any more.
What would you do with £100,000, if you had to invest it (rather than blow it all away...).
Surely some of you well heeled contractors are in the fortunate position to have a bit of cash floating around. Have you considered any investments or do you just keep the money in the bank?
Way I see it is, £100k in a bank at 5% interest is £5k income a year, before tax, and then of course that value is eroded 2% by inflation. So that's a pretty crap investment by any standard.
The property game is expensive, slow, boring and currently garnering an over-interest from everyone in the universe. So it's not a great investment any more.
What would you do with £100,000, if you had to invest it (rather than blow it all away...).
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