Wilksy
Member
- Location
- East Riding
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?
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!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 did invest into fert and fuel, not much left now.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 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.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 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....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.
Yeah and what's new?reckon arms manufacturers are the best place to buy shares in, think they are going to do exceptionally in the next few years !
If mortgage rate fixed then leave it ticking.Surely paying off your mortgage would be the first thing to do.
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.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?
Keep that in these times !!Asked the mrs what she'd do?
Pay the mortgage down!
My mother did well out of them. Beat the interest rate out of sight.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
if it cant why bother,It sounds like your business can make money at better return on capital than anything else at the moment.
I won 1k on them this morningI 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