Originally posted by perplexed
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War Chest - how to get a better return despite low interest rates?
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'CUK forum personality of 2011 - Winner - Yes really!!!! -
Originally posted by TheDogsNads View PostThe thread's about war chests. Companies dont have war chests, individuals do.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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apart from bonds which are supposedly less risky nobody can predict how it will go moving forward. if a depression would be to set in I'd say most of the assets are already overpriced.
for now probably the best advice is to spend less, a pound not spent (that you don't have to pay yourself out of the company) saves you at least 7% or up to 50%. don't have any high interest rate debt.
invest in yourself, training, business network, culture etc. whatever floats your boat
invest in plan B, C, D or a field where you would build up knowledge over time and be able to get a better return
realise the futility of possessions in the irreversible passage of time and that our attachment to them could derive from our deeply ingrained fear of death. spend more time with yourself and do more mindful introspections, see what actually drives you and brings you pleasure. 100k and complete freedom could make you 10x happier than 100mil and all your future life pawned at the wrong altarComment
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Originally posted by GigiBronz View Postapart from bonds which are supposedly less risky nobody can predict how it will go moving forward. if a depression would be to set in I'd say most of the assets are already overpriced.
for now probably the best advice is to spend less, a pound not spent (that you don't have to pay yourself out of the company) saves you at least 7% or up to 50%. don't have any high interest rate debt.
invest in yourself, training, business network, culture etc. whatever floats your boat
invest in plan B, C, D or a field where you would build up knowledge over time and be able to get a better return
realise the futility of possessions in the irreversible passage of time and that our attachment to them could derive from our deeply ingrained fear of death. spend more time with yourself and do more mindful introspections, see what actually drives you and brings you pleasure. 100k and complete freedom could make you 10x happier than 100mil and all your future life pawned at the wrong altarComment
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Originally posted by ladymuck View PostCrikey, you were feeling a bit deep and meaningful at 2 am!
As for the warchest that's easy however plan b was setting up a consultancy and then working out how to package things up in ways that are easy for people to sell. And I think I've finally managed to do just that.merely at clientco for the entertainmentComment
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Originally posted by TheDogsNads View PostThe thread's about war chests. Companies dont have war chests, individuals do.
War chest is about not having to work for extended periods.
£100k in the company is worth c. £130k in the hand (caveats are pubs individual circumstances apply).
No point taking all the money out the company at higher rate tax to then find you’re on the bench and could have been extracting it at normal rate.See You Next TuesdayComment
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Originally posted by Lance View PostRubbish....
War chest is about not having to work for extended periods.
£100k in the company is worth c. £130k in the hand (caveats are pubs individual circumstances apply).
No point taking all the money out the company at higher rate tax to then find you’re on the bench and could have been extracting it at normal rate.
And it does allow you to control when you personally receive the money to reduce the tax you personally pay on that income.merely at clientco for the entertainmentComment
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Originally posted by Lance View PostRubbish....
War chest is about not having to work for extended periods.
£100k in the company is worth c. £130k in the hand (caveats are pubs individual circumstances apply).
No point taking all the money out the company at higher rate tax to then find you’re on the bench and could have been extracting it at normal rate.Comment
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Originally posted by TheDogsNads View PostYou dont half talk some crap with your absolute definitions.Comment
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