2007-03-24 13:10:43 · 11 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
In the order as follows:
1. Max out your company's retirement savings account.
2. Max out your personal retirement account (IRA). (Not sure if there is an equivalent in GB?)
3. Purchase Real Estate - multi-family preferred, leave condos and single-family to flippers and amatuers. Make sure it has a posistive cash flow from the beginning.
4. Stock Market. - buy some high dividend equities, low cost index funds Vanguard and enroll in the automatic investment program.
5. Children(s) Education. - This is lower on the list than some people expect because there are ways to help out; scholarships and your kids can get a job to assist you.
6. Pay off any debt - mortgage, credit cards, cars, boats, etc.
7. High Rate short-term savings account. (i.e. E-LOAN).
8. Nice bottle of wine - you will be a millionaire in no-time at all.
9. Have a nice day.
2007-03-24 15:10:41 · answer #1 · answered by tswy2k2 2 · 0⤊ 0⤋
Use it to get some therapy,
£120,000 is more than I will ever see in my life time unless I become a bus conductor and count the money going in and out of the ticket machine.
What did you do win the lottery?!
2007-03-24 13:26:20 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Best way over the long term to make money would be investing it in the stock market. You will have ups and downs, but generally, in the long-term stocks have done better than bank accounts, or bonds. But only invest what you don't need or can afford to lose.
2007-03-24 13:15:04 · answer #3 · answered by Anonymous · 1⤊ 0⤋
Invest it in 1) Isas 2) Investment and unit trusts/oeics, 3) Bonds, 4) savings accounts, 5) property.a diverse portfolio is
the key.
2007-03-24 13:16:07 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Peanuts. It is only enough to buy you 1/2 a house.
Buy a good car (BMW), some good furniture, go for a nice holiday, and put the rest in a deposit a/c and draw the monthly interest.
2007-03-25 06:43:23 · answer #5 · answered by Anonymous · 0⤊ 1⤋
Buy property and do it up , and then sell it on. Keep doing it . not only will u be making a tidy sum but you will get a lot of self satisfaction out of it
2007-03-24 13:17:54 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Investment into property overseas or in the UK - rental income. Alternatively high rate ISA?
2007-03-24 13:14:16 · answer #7 · answered by ? 3 · 0⤊ 0⤋
Go in to your bank and see a financial planning manager they will give you all the advice you will need.
2007-03-25 01:54:11 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Buy property
2007-03-24 13:15:17 · answer #9 · answered by Maid Angela 7 · 0⤊ 0⤋
wow thats a lot. open a barber shop or something.
2007-03-24 13:15:58 · answer #10 · answered by ttony011 3 · 0⤊ 0⤋