I have about 20K to spare each year and haven't got any ideas how to utilize this money. The money can't be reinvested into the business and I dont have any loans to pay off. Down the line I would consider using this pot of cash for a larger investment (i.e. property) or maybe to take on small projects related to my line of work, however I think this is at least 5 years away.
I am open to any guidance on where to look, I would favour something passive or something with fixed income.
For example, is there a product similar State Saving Bonds (I understand this is not available to business only individuals)?
What is the most striaght forward and cost effective way to invest in a fund/ETF?
Any feedback appreciated.
I am open to any guidance on where to look, I would favour something passive or something with fixed income.
For example, is there a product similar State Saving Bonds (I understand this is not available to business only individuals)?
What is the most striaght forward and cost effective way to invest in a fund/ETF?
Any feedback appreciated.