I agree with Simon.
My definition of a "Warchest" is a number of months of cash to cover living expenses and not something to be invested. The number of months cover varies according to your appetite for risk and the amount per required per month obviously varies according to personal circumstances.
As a 40-something male with a young family I have a low tolerance to risk and significant monthly expenses! Mine would cover me for 12 months. If I were 28 again it would be substantially less.
The "warchest" is completely separate in my financial planning and I don't include it in my investment portfolio.
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Reply to: Investments
Collapse
You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:
- You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
- You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
- If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.
Logging in...
Previously on "Investments"
Collapse
-
You don't get 10% risk free
http://http://www.spiegel.de/international/germany/german-offshore-wind-industry-goes-from-boom-to-bust-a-914158.html
Wind power is a risky business indeed.
The highest returns long term are on the stock market, but you need a balanced portfolio.
You might want to look at some investment funds.Last edited by BlasterBates; 29 January 2015, 23:14.
Leave a comment:
-
Originally posted by JRCT View PostThere are lots of posts regarding making your warchest work for you.
I just found this so thought I would post in case it's of any interest to anyone. I'm not promoting this.
Aegis Power: Alternative Investment in Wind Power
I know I would rather keep a fixed amount (months of expenses rahter than cash amount) in my warchest, pull of as much in dividends as I can and then use that if I want to invest. I would rather the warchest sit there doing nothing, knowing I have 18 months worth of money when I need it, than risk it for 6%
Leave a comment:
-
Investments
There are lots of posts regarding making your warchest work for you.
I just found this so thought I would post in case it's of any interest to anyone. I'm not promoting this.
Aegis Power: Alternative Investment in Wind PowerTags: None
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Leave a comment: