Invest now or hold?

[Wilksy]

Would investing in the workshop/ machinery improve your profit? You can only do so much on your own, presuming your are on your own, or would the investment open up the possibility of employing a bench hand?

 

[The law of sod]

I could definitely increase profits with more automated machines and it would give opportunities to employ somebody,

Got some thinking to do,
but talking to a few people today about property
The returns are not as good as expanding,so
im leaning more towards pumping it into business or even borrowing to pay to expand ,
Interest rates still so low seems silly not too.
And savings chuck into savings account for now with easy access,

 

[RhysT]

I could definitely increase profits with more automated machines and it would give opportunities to employ somebody,

Got some thinking to do,
but talking to a few people today about property
The returns are not as good as expanding,so
im leaning more towards pumping it into business or even borrowing to pay to expand ,
Interest rates still so low seems silly not too.
And savings chuck into savings account for now with easy access,

I think streamline your business is the way forwards work! If it can free up time by automating that’s got to be the way to go! We’ve got a busy farm and have spent a fortune the last few years to try to make it run easier!
Bank balance hasn’t improved yet though!

 

[icanshootwell]

Just wondering on opinions

if you had some money saved up £40,000-£50,000
With inflation taking hold,

Would you invest it into your business or into property?
Or
hold on for a 12-18 months to see how the uncertainty plays out?

Just interested to see what most would choose to do.

I did invest into fert and fuel, not much left now.

 

[puppet]

Always get rid of debt first, then get ISA to protect against tax. Put some into a pension and get the tax on top. As for shares, my pot is down 10% this year so no use if I needed money at present.
You should keep the rest for a rainy day as you could burn through a lot if unable to work

 

[Bucks Boy]

Invest in business if you can get a good return. Otherwise pay your mortgage off. You will never regret doing it. Don’t invest money in anything else if you’ve got money borrowed. You do not need to pay a financial advisor to tell you this.

 

[ollie989898]

If you think the world markets are in for a downturn then you'd be mad to invest any money in them yet. You always buy in the dips. Not the other way around.

 

[AvonValleyFarmer]

Surely paying off your mortgage would be the first thing to do.

 

[S J H]

Yikes red flags
Sooner you start putting money into a pension the better. Assuming your financial security on an inheritance is very high risk to say the least.

I haven‘t got a pension, went on a calculator a few months back, and would have to put in a £1000 a month to get £25k a year, including state pension. Sounds like a waste of time to me, might be dead at 66.

 

[som farmer]

reckon arms manufacturers are the best place to buy shares in, think they are going to do exceptionally in the next few years !

 

[BRB John]

I haven‘t got a pension, went on a calculator a few months back, and would have to put in a £1000 a month to get £25k a year, including state pension. Sounds like a waste of time to me, might be dead at 66.

I know tell me about it! I'm saving £200 a month in the hope that I'll get at least 5k a year payout at 65 or a lump sum to buy a new field or shed knowing me....
But I still think it'll be worth it for myself or my benefactors. I could die tomorrow but that didn't stop me from sowing this year's barley or putting the bull to the cows...

reckon arms manufacturers are the best place to buy shares in, think they are going to do exceptionally in the next few years !

Yeah and what's new?

 

[Nearly]

Surely paying off your mortgage would be the first thing to do.

If mortgage rate fixed then leave it ticking.
If mortgage rate variable then tempting to pay a bit off early.
It sounds like your business can make money at better return on capital than anything else at the moment.

 

[robs1]

Pay as much off the mortgage of your house, once you've secured the roof over your head you or your family will never be on the street

 

[S J H]

I know tell me about it! I'm saving £200 a month in the hope that I'll get at least 5k a year payout at 65 or a lump sum to buy a new field or shed knowing me....
But I still think it'll be worth it for myself or my benefactors. I could die tomorrow but that didn't stop me from sowing this year's barley or putting the bull to the cows...

Yeah and what's new?

I’m going to put some of the money into a building. Then at least I’ve got the use of it, and I’m sure it will make more than the pension per year, if converted to units.

 

[Hilly]

Asked the mrs what she'd do?
Pay the mortgage down!

Keep that in these times !!

 

[Hilly]

Im investing in a big shed , money better in that than getting eroded like snow off a dyke on windy day .

 

[Wilksy]

I was thinking about it today and if your not doing anything with it for a while you can put 50k in premium bonds, I usually win £25 or £50 a month but there’s always the chance of a big win

 

[le bon paysan]

I was thinking about it today and if your not doing anything with it for a while you can put 50k in premium bonds, I usually win £25 or £50 a month but there’s always the chance of a big win

My mother did well out of them. Beat the interest rate out of sight.

 

[4course]

It sounds like your business can make money at better return on capital than anything else at the moment.

if it cant why bother,

 

[Hilly]

I was thinking about it today and if your not doing anything with it for a while you can put 50k in premium bonds, I usually win £25 or £50 a month but there’s always the chance of a big win

I won 1k on them this morning