24K to invest

Hi,
My fiancee and I are getting married later this year. Aside from the wedding expenditure, we have 24K to invest, but we're not sure exactly where. I'm no expert but what I was thinking of doing was investing 14K in Quinn Life Freeway products and then buying two shares directly for 5K each with the other ten.
I'm self employed and have about 10K surplus in the limited company that I could get my hands on as emergency funds if necessary. Then again maybe I should move this surplus elsewhere to get the money working for me.
I would welcome if anyone has any alternative view on where I should be putting my money. If I'm going to tie up some of it, I need to be certain (well as much as possible.)
Thanks,
WGT

WGT said:

My fiancee and I are getting married later this year. Aside from the wedding expenditure, we have 24K to invest, but we're not sure exactly where. I'm no expert but what I was thinking of doing was investing 14K in Quinn Life Freeway products and then buying two shares directly for 5K each with the other ten.

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It really depends on your overall financial circumstances, investment goals/timeframes, attitude to risk/volatility etc. Do you have any debts that might merit reducing/clearing first? Have you read the AAM and IFSRA guides to savings & investments linked from the key posts thread at the top of this forum?

I'm self employed and have about 10K surplus in the limited company that I could get my hands on as emergency funds if necessary. Then again maybe I should move this surplus elsewhere to get the money working for me.

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You mean working for the company? Surely you can't just use company funds for your own personal benefit without going through some sort of procedure?

Do you have an accountant to advise you on business matters who might be able to also advise you on personal investment matters or could recommend somebody independent to do this?

I would welcome if anyone has any alternative view on where I should be putting my money. If I'm going to tie up some of it, I need to be certain (well as much as possible.)

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Certain of what? You do realise that the proposed investment strategy guarantees neither returns nor capital?

WGT said:

I'm self employed and have about 10K surplus in the limited company that I could get my hands on as emergency funds if necessary. Then again maybe I should move this surplus elsewhere to get the money working for me.

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Be real careful of this. You can't just extract funds out of a company ,even if the company is you ,to spend as you see fit (whether on shares, food, luxuries etc). And I am pretty sure that your company will not be allowed ot purchase thse shares off it's own bat....ie you invest them but under your company's name (seeing as it's the company's cash).

Am pretty sure we have 'relatively' recent legislation in prohibiting this practice , even though it's common enough in the states for companies to boost their assets with securities.

Thanks for the detailed reply clubman,

It really depends on your overall financial circumstances, investment goals/timeframes, attitude to risk/volatility etc. Do you have any debts that might merit reducing/clearing first? Have you read the AAM and IFSRA guides to savings & investments linked from the key posts thread at the top of this forum?

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We have a mortgage which is at about 40% Loan to Value 150 K to be more precise.

You mean working for the company? Surely you can't just use company funds for your own personal benefit without going through some sort of procedure?

Do you have an accountant to advise you on business matters who might be able to also advise you on personal investment matters or could recommend somebody independent to do this?

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Absolutely, obviously I would take the money as salary and pay the required tax on it. Would that it was legal to take the money without tax.
I have a financial advisor but I'm thinking of ditching him because he rarely answers my emails.

Certain of what? You do realise that the proposed investment strategy guarantees neither returns nor capital?

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I need to be certain that I'm making the best position possible. Again, would that it was so easy to be 100% certain of a return. But I can try to be certain of the investment decision.

silvamuppet said:

And I am pretty sure that your company will not be allowed ot purchase thse shares off it's own bat....ie you invest them but under your company's name (seeing as it's the company's cash).

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Companies often buy shares in other companies, why do you think this is not allowed?
Recent public example : Ryanair & Aer Lingus.

I presume that silvamuppet, like me, is referring to the fact that an individual cannot simply invest company money on their own behalf as opposed to the company's?

ClubMan said:

I presume that silvamuppet, like me, is referring to the fact that an individual cannot simply invest company money on their own behalf as opposed to the company's?

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If they own 100% of the company then all company investment activity is for their benefit. They may wish to have an accountant advise on which is the most tax efficient solution for their situation however.