Originally posted by CompulsiveArsonist
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How can I invest my money
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Originally posted by CompulsiveArsonist View PostI know you are joking but I don't see why this couldn't be viable, set up a new Ltd company with 5 shareholders specifically for this, 20% each. Each contractor lends money from their contracting ltd co (e.g. £200k) to this new company as an inter-company loan. Buy a suitable site and develop it, sell the completed development and liquidate the company, redistribute profits and repay back the loan to your contracting ltd co.
Yes there is capital gains tax to pay, but if the money is sitting around doing nothing you will at least get some return on it.
Disclaimer, I am not an accountant
Money is not the problem; the challenge is time and experience. I would happily JV with someone but have a strong preference for that someone to have experience in commercial conversions and to have a power team ready to go.Comment
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Originally posted by VillageContractor View PostI'm not joking, I agree it's a viable business. But seriously, can I borrow some money to buy in
Disclaimer, I am by no means a wealthy or savvy investorComment
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Originally posted by ChimpMaster View PostI am looking at commercial too. It doesn't attract the SLDT surcharge and there are planning regulations that make it easier to convert certain commercial buildings (offices mainly) into residential.
Money is not the problem; the challenge is time and experience. I would happily JV with someone but have a strong preference for that someone to have experience in commercial conversions and to have a power team ready to go.Comment
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Free investment advice from WIB:
If you are considering a joint investment with a compulsive arsonist, avoid real estate.Comment
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Originally posted by WordIsBond View PostFree investment advice from WIB:
If you are considering a joint investment with a compulsive arsonist, avoid real estate.The Chunt of Chunts.Comment
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If you have so little idea what to do you would be much safer getting a pension and getting a couple of Aldermore high interest accounts instead.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by MrMarkyMark View PostTrue, the word compulsive suggests it's a little more than a hobby
"Give a man fire, keep him warm for a day...
Set a man on fire, keep him warm for the rest of his life"Comment
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On a more serious note, another investment idea I was looking at is private hire car rental.
Buy a used Toyota Prius (let's say £15k) get a PCO licence on it and hire it out for £200-£300 per week to minicab drivers.
There is the hassle of maintaining it and you can only use the car up to a certain age (10 years old) but if you have some spare cash and some free time it might be worth it.Comment
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Originally posted by ajouve View PostHi !
I am getting the minimum salary each month £671.67 and I already reach the Higher rate (32.5%) on dividend.
I know nothing about investment, do you have any advice ?
I'd like to have a pension but I can't really find informations or good offers about that
Thanks
Antoine
Speak to an Independent Financial Advisor (IFA) to get an idea of the options available to you (especially in relation to pensions). Any decent IFA will offer a free introductory meeting to go through some basics with you.______________________
Don't get mad...get even...Comment
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