I'm just starting to look at options for where to put (savings, investments etc) my first year's divi's and just wondered what most people did with theirs - fast cars and women, houses and pensions or somewhere inbetween?!
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You need to stash away some money for your old age, unless you think that the current generation of young pikeys are actually going to massage the economy enough to give you a state pension.Originally posted by youngguy View PostComment
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Pay off mortgage / debt (not that you should have any if you've been contracting for a few years already)
Buy Maxi-ISAs - Asia / BRIC / Middle East (UAE/Dubai)
FTSE 100 stocks with good yields - Lloyds/Barclays/HBOS/GSK for example
National savings certificates - tax free up to 30k, i.e. 15k per issue
Premium bonds - again tax free but only worth it if you put in max 30k
Cash in high interest accountComment
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The contracting market is due a slump. Reduce fixed costs first; mortgage etc, get yourself a 10 or 20K float to cover you for when things aren't going so well, invest as per TazMan's post.Originally posted by youngguy View Post...my quagmire of greed....my cesspit of laziness and unfairness....all I am doing is sticking two fingers up at nurses, doctors and other hard working employed professionals...
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Wise words. Always have a buffer.Originally posted by Lockhouse View Post"Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny. "
Thomas JeffersonComment
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Definitely can't support the buffer suggestion enough - I try and keep a year's living around. Don't want to have to panic and take a naff contract.Comment
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drugs & womenCenedl heb iaith, cenedl heb galon
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