I think a second property for sure! Can generate great income and it remains there as a valuable asset for the future.
I’d probably suggest steering clear of shares direct and going towards funds if going down that route. Risk distributed out a bit more but can still yield some healthy profits!
Watches can be a nightmare mate – i have a few nice ones at home but the bigges expense after buying them is the service costs. One of mine comes in at £260 a year just for the basic service, a full service is ridiculous. My car is cheaper lol
Buying outright i’d definitely say property, if house prices rise or drop if it’s pure profit and no mortgage it really doesn’t matter and will provide an extra income for the future ?
Nothing.. I think Steve should get a savings account either in his little ones name or his own and let the money that he earns sit in and gain interest. It’s safe, there is no risk of it losing value and if the amount was big enough, then the interest alone would be a nice investment!
Whatever he chooses to do I hope he and his family are happy!
A nice house in a seaside town for some good times away with the family sounds good, could rent it out for the holidays that your not there, Airbnb it ?
