Where to stash the cash

[suityou01]

I've got this mate that is getting his house in order financially. Funnily enough he is a contractor as well, and also has a wife and four kids.

He is liquidising his assets and will have a pile of cash and was asking me in the pub what to do with it.

As we chatted we came to the realisation that the good old days of just putting it in a savings account are gone, what with low interest rates and that.

So I suggested he invest (part of it). I was thinking of an investment ISA, and some good dividend yielding shares with long established track record.

What do the panel do for long term financial planning with their wedge?

[BrilloPad]

BTL?

Or was it BLT?

[suityou01]

BTL?

Or was it BLT?

He just sold his BTL hence the pile of cash. Too much hassle with tenants. It just wasn't for him.

[DimPrawn]

I was thinking of an investment ISA, and some good dividend yielding shares with long established track record.

What do the panel do for long term financial planning with their wedge?

Here's a list of long established companies with excellent dividend yield record. You cannot lose!:

Woolworths
Marconi
HMV
Railtrack
Maxwell Corporation
PollyPeck
Ferranti
Dalgety
Trafalgar House
Sears
....

[suityou01]

Here's a list of long established companies with excellent dividend yield record. You cannot lose!:

Woolworths
Marconi
HMV
Railtrack
Maxwell Corporation
PollyPeck
Ferranti
Dalgety
Trafalgar House
Sears
....

Good point. Care to answer the question at some point?

[MarillionFan]

He just sold his BTL hence the pile of cash. Too much hassle with tenants. It just wasn't for him.

He wants a BTL. I've just put in offers for two more.

He didn't take advice from you did he?

[FatLazyContractor]

Depends on how big the stash is. Are we talking hundreds of thousands? or some tens of thousands?

HTH

[suityou01]

Depends on how big the stash is. Are we talking hundreds of thousands? or some tens of thousands?

HTH

The latter.

[FatLazyContractor]

The latter.

Ok. BTW, don't you have an "agency" that manages the property? Do you try and let it yourself?

[DimPrawn]

Is this yet another pointless Suity conversation?

drip feed thread of utter bollox.