What should I do with my money?

[Bear]

Agreed with the ISA but remember if the funds your invested with do take a dip over the coming year (Doomed etc) then be prepared to forget about that money for 5 yrs or so.

So - depends on how fast you want access to the money. Fixed term bond is, as it says, fixed term. Savings accounts are accessible pretty quickly. As I said, the best thing you can do with the money (except for having some aside for a rainy day) is to pay off the mortgage - when you get one.

[ChimpMaster]

Maui50 - OK listen, you need to learn the secrets of financial responsibility. I can't teach you a book on this forum but here are the basics:-

1) Pay off your debts, prioritising in order of cost.
2) Reduce your expenses and live below your means.
3) Buy assets that generate positive cash-flow.
4) Re-invest positive cash flow to purchase more similar assets.
5) Continue 3 & 4 until your monthly cash-flow covers monthly expenses. You are now financially free - well done. You no longer "have to" work every day.

Some people choose property (residential/commercial), shares (dividends), bonds (corporate/NS&I) etc. Or even better if you can start a side business to generate residual income. Find out what your pet peeve is and go for it.

[KathyWoolfe]

Spend it, but show us your tits first! (it is traditional to ask all new girlies to fet em out).

No it isn't..... you didn't ask me!

(not that I would have complied anyway)

[DBA_bloke]

Never having done it myself, so interested in any CUK folks' insights, if any: buying art by known artists? I read in a mag (Virgin Trains mag) that a TV presenter buys cheaper-end-of-the-market Warhol stuff, etc. and makes a bundle from it.

[The Lone Gunman]

No it isn't..... you didn't ask me!

(not that I would have complied anyway)

Are you sure? I am almost certain I did, though I do seem to be having more "senior" moments than usual at the moment.

If I havent asked you already would you mind awfully showing us your thruppnies?

Go on, you know you want to.

[Bear]

Never having done it myself, so interested in any CUK folks' insights, if any: buying art by known artists? I read in a mag (Virgin Trains mag) that a TV presenter buys cheaper-end-of-the-market Warhol stuff, etc. and makes a bundle from it.

A shop near me is selling a load of Rolf Harris paintings, £1k a pop.

What do you reckon? Could I 'make a bundle'?

[Moscow Mule]

Could I 'make a bundle'?

Of firewood? Probably

Of art? Probably not

[The Lone Gunman]

A shop near me is selling a load of Rolf Harris paintings, £1k a pop.

What do you reckon? Could I 'make a bundle'?

Depends which one it is. An original Rolf went for over 35K last year and most of his giclees were 400 quid last year so go figure......

I debated buying a Warhol print of Mick Jagger signe dby both a couple of years back. Number 1 in a series of 250, but couldnt stretch to the 18 grand asking price.

[chasingtheaurora]

Give money to charity, visit www.chasingtheaurora.com for details!

[Bear]

or http://www.chasingthe DB9.com