A strange request I know on a cycling forum but can anyone recommend a Financial Adviser for personal finances, savings, mortgages etc? I always prefer to go on personal recommendations.
I didn't say I had savings! I wouldn't mind some help making savings. I must have been to the same adviser as Daniel in the past but I need to change habits now.
Unfortunately I'm not paid to cycle but instead stand in a field/playground watching other people cycle.
It's important to understand that the purchase of a bicycle is an investment, not an expense. Therefore, the more you buy, the more you are in fact investing. Think of it like a private pension.
Hahaha....... they aren't helping you too much here Mark, are they. Don't forget people that any capital investment must be depreciated and this will be set against your pre-tax profit. Sometimes the worst thing we do is mix finance with friendship. It often leads to tears. My accountants Watts Knowles have always been able to offer sound advice, but it is always necessary to have some firm views on what you do and don't want to do. The BBC radio 4 has recently run a good series on How You Pay for the City. You can get it on IPlayer. http://www.bbc.co.uk/programmes/b0380qww/episodes/player A salutary reminder that the middle men and dealers always win at your expense. Ann and I cancelled our pension plans and all such investment through other bodies some 30 years ago. We decided that we trusted ourselves to use our money better. Given the fiasco that has been taking place these past few years it seems we were right. Buy to rent looks like it might make sense again if you are in a position to invest. One investor who had researched all his previous investments concluded that if he had instead put his money in a building societies account he would have been better off even with the low rate of return.
I'd stay with the buy bikes advice. Will probably give you more bang for your bucks Mark :-)
Comments
Stuart
Unfortunately I'm not paid to cycle but instead stand in a field/playground watching other people cycle.
Sometimes the worst thing we do is mix finance with friendship. It often leads to tears. My accountants Watts Knowles have always been able to offer sound advice, but it is always necessary to have some firm views on what you do and don't want to do.
The BBC radio 4 has recently run a good series on How You Pay for the City. You can get it on IPlayer. http://www.bbc.co.uk/programmes/b0380qww/episodes/player
A salutary reminder that the middle men and dealers always win at your expense.
Ann and I cancelled our pension plans and all such investment through other bodies some 30 years ago. We decided that we trusted ourselves to use our money better. Given the fiasco that has been taking place these past few years it seems we were right.
Buy to rent looks like it might make sense again if you are in a position to invest.
One investor who had researched all his previous investments concluded that if he had instead put his money in a building societies account he would have been better off even with the low rate of return.
I'd stay with the buy bikes advice. Will probably give you more bang for your bucks Mark :-)