I have just inherited 31000 quid and have given 10% to charity,suggestions please on what to do with the rest
Answer:
Markets are looking pretty strong at the moment. It maybe worth the investment but there could be a downward correction in the Spring, in which case you have bought in near the top.
Of course the risk is yours, but if you are feeling conservative maybe some government bonds? At least their prices should be more appealing at this time.
Otherwise there are plenty of accounts giving 4-5% gross.
In any case it would be worth having some professional advice on the matter. £27900 isn't a vast fortune in todays terms, but a figure like that you can build up a nice nest egg. What your longer term strategy should be is to identify a share which is giving a good yield, and invest the whole lot in it, taking the dividend as additional shares. But, as I said earlier, it has to be but in at the right price (ie. when the share is at or nearly at its lowest). Compounding the interest over 20 years could really set you up nicely for retirement.
give it to me?
go on holiday, buy a house, give some to me i need some extra cash for my bills lol
send 10% this way also
buy property.
put it in a line and snort it. Kidding. go on holiday.put it in your mortage and forget you had it
by a car at least it is some thin that u will have to show for your money ow ow and also take a holiday somewere fab
Give that to charity as well.
invest in property.
good for u have the hoilday u always dreamed of or buy urself or loved one something very special then invest the rest
Send some on a really good hoilday and then but the rest in the bank and dont worry for a few years or but it towards a house. send all on boze and lose women and drugs
go on a holiday with family or loved ones (if you have family or loved ones) and then invest the rest in shares on the stockmarket to make more money!
maybe give it to friends and family in need?
Buy a car go to disneyland in florida do all your xmas shopping take me out tonight and put the rest in a savings account.x
Pay your mortgage, have a round the world trip, organise a big party for your friends.
You can always give some of it to complete strangers called Anthony contacting you on yahoo! answers.
Make a grand bon fire, watch it go up in smoke.
Make an appointment to see a financial adviser. They will be able to tell you where is best to invest it. That way, you may even be able to get a monthly income from it. It won't be enough to retire on, but will make your life even sweeter. Oh, and don't tell any of your friends about it. Gold diggers are everywhere and you will find yourself lending out money you never see again.
gimme gimme gimme
have loads of fun get lashed go on holiday to barbados and do loads of cool stuff ,travel across europe do a sky dive learn how to surf buy a new car the world is your oyster .
Send it to me. I could think of plenty of things to do with it.
Did you forget to put an S in front ? If so they are delicious with hot sauce.
spend it.treat Yourself to something nice
Invest in the company ARG Ltd, I work there and we are just about to be purchased by a very large company, share price will go through the roof, don't tell anyone else though.
Invest in my jewel craft designs =) ..I am sure I could make your money grow more.. Then, like you, I could also give to charity thru earning from the jewelry business.. We can help each other =)
I don`t know what a quid is ?
Take the remaining money and put 20% and put it into a bond fund. Then take 10% into a CD then 40% into an equity income fund and lastly put the rest into a health care fund .
Healthg care is going to be big in the year 2010 and growing from there . After you invest LEAVE IT ALONE until you want to retire !
lucky you.
sort out your bills. have a holiday and then invest the rest for the future
charity never ends. create something like a old age home, where you can spend your last days. only when the end nears, people understand that they shall not carry anything to the otherworld, other than other's love and peaceful end. the old age home will be charity * investment for one's own containment.
Lucky you, if I had the good fortune of inheriting £31.000 quid, I would add a tenner to it and pay off my debts
50% Saving, Insurance, Health, Bonds, Property etc.
10% to your profession
10% to your family
10% to your financial Goals
go to Thailand get an hoe s*ag ya self silly
Great, that is actually how I feel I have profited so well . I give 10% of my income and sow more seed into good soil. A while ago I decided to invest in a Great business opportunity that allowed me some freedom and the luxury of traveling where I want while making money too. I've never looked back. Check this out go to shahansdestinations.com , I LOVE THIS BUSINESS!
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