best place to put money?

[jmo21]

Well yes because its not savings, you are investing cash. Are shares or property covered by financial regulations? Same types of risk involved.

If you want guarantees, stick your money in a bank.

Else zopa is a valid alternative for decent returns.

the point being that it sounds a lot like banking, giving people loans etc

actually it sounds a lot like loan sharking

[jmo21]

so unless we stop the salary and dividends then we're technically employed

is that a question or a statement?

actually I'm not entirely sure, as I have never stopped my salary and dividends

[Solidec]

someone noted this lot aren't covered by financial regulations on another thread recently

Well yes because its not savings, you are investing cash. Are shares or property covered by financial regulations? Same types of risk involved.

If you want guarantees, stick your money in a bank.

Else zopa is a valid alternative for decent returns.

[contractor79]

well then you ARE employed and are receiving a salary while out of contract, so together with dividends i'm not sure benefits you think the council will give you

so unless we stop the salary and dividends then we're technically employed

[jmo21]

considered http://uk.zopa.com/ZopaWeb/ ?

Returns upwards of 10% possible with risk spread out very widely across multiple clients.

I like the idea dn will be looking at this once all interest bearing debts have been repaid this year.

someone noted this lot aren't covered by financial regulations on another thread recently

[jmo21]

yes- why? I'm not saying I'd buy property with the ltd co, but take out all profit as dividends and buy property with that

well then you ARE employed and are receiving a salary while out of contract, so together with dividends i'm not sure benefits you think the council will give you

[BolshieBastard]

Property prices may be falling but they'll always recover however slowly that may be.

If you buy carefully, you wont see that much loss on your purchase price either.

My advice(!) is either buy property or spend and enjoy it on a few luxuries.

[contractor79]

c79 - i take it you aren't working under your own ltd co?

yes- why? I'm not saying I'd buy property with the ltd co, but take out all profit as dividends and buy property with that

[Solidec]

considered http://uk.zopa.com/ZopaWeb/ ?

Returns upwards of 10% possible with risk spread out very widely across multiple clients.

I like the idea dn will be looking at this once all interest bearing debts have been repaid this year.

[jmo21]

c79 - i take it you aren't working under your own ltd co?

[contractor79]

but if you put your money in your own property then you can claim benefits in the hard times, if it's all in cash or other investments they will expect you to fund yourself

[BrilloPad]

But at least your money is safe. Property prices still dropping.

Unless you buy next to Cyberman

[contractor79]

interest rates are awful right now

doesn't this mean it's best to put money in property and leave nothing in your company or personal accounts. For example buy a flat where you contract with your cash and save paying rent which would be more than the interest your cash would get?

and what if your contract comes to an end would council pay your council tax and mortgage interest when out of contract and you could claim other benefits also maybe?