If you had £250,000 in cash...
Discussion
...no mortgage various other investments, decent work pension, had a family hack and a weekend car...
were approaching retirement (say 5-10 years)
What would you do with that money given the current climate?
No hookers and drugs, no more cars (no room)
Property abroad? Cash in Euro accounts? Ideas?
Purely hypothetical
Cheers
DB
were approaching retirement (say 5-10 years)
What would you do with that money given the current climate?
No hookers and drugs, no more cars (no room)
Property abroad? Cash in Euro accounts? Ideas?
Purely hypothetical
Cheers
DB
k the rest is!I'd spread it about in a few banks to minimise risk in high interest savings accounts and forget about it.
When the property market turns I would buy a couple of houses and rent them out until your kids were old enough to want to fly the nest. I would then gift the houses to the kids and then let them live in them and pay you a nominal cash rent until you and the mrs die.
Inheritance tax liability reduced
Kids get a cheap 'mortgage'
You get a tax free income for life
When the property market turns I would buy a couple of houses and rent them out until your kids were old enough to want to fly the nest. I would then gift the houses to the kids and then let them live in them and pay you a nominal cash rent until you and the mrs die.
Inheritance tax liability reduced
Kids get a cheap 'mortgage'
You get a tax free income for life
2003 E39 M5 £15-20k
Deposit on a house, I don't know, £50k?
Give some to each of my sisters and pay of my parents debts
With the remaining £100ishk I would just keep it in a couple of bank accounts, not interested in investing,property, homes in the sun etc at this stage of my life. I would probably cut down my hours at work and return to part time education for a couple of years.
Deposit on a house, I don't know, £50k?
Give some to each of my sisters and pay of my parents debts
With the remaining £100ishk I would just keep it in a couple of bank accounts, not interested in investing,property, homes in the sun etc at this stage of my life. I would probably cut down my hours at work and return to part time education for a couple of years.
dirty boy said:
...no mortgage various other investments, decent work pension, had a family hack and a weekend car...
were approaching retirement (say 5-10 years)
What would you do with that money given the current climate?
No hookers and drugs, no more cars (no room)
Property abroad? Cash in Euro accounts? Ideas?
Purely hypothetical
Cheers
DB
Possibly sell the house and buy a bigger one with a bigger garage for £200k, then I've got 50k to get a Tuscan Race car (25k or so with the rest to pay for track day fun)...were approaching retirement (say 5-10 years)
What would you do with that money given the current climate?
No hookers and drugs, no more cars (no room)
Property abroad? Cash in Euro accounts? Ideas?
Purely hypothetical
Cheers
DB
If I were to get that kind of money in my situation I'd firstly get myself a top spec 997 Turbo, move into my neighbours house (which is a lot bigger & nicer than mine), refresh my collection of Oliver Sweeney's and sod off to the south of france for a massive holiday (in my new Turbo).
I can but dream....
The sensible thing for me to do would be pay off the mortgage, pay off the car loan, put some in my pension etc etc blah blah boring blah. But I honestly don't think I could ever bring myself to do that.
Enjoy it mate.
I can but dream....
The sensible thing for me to do would be pay off the mortgage, pay off the car loan, put some in my pension etc etc blah blah boring blah. But I honestly don't think I could ever bring myself to do that.
Enjoy it mate.
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