Dabz
Well-Known Member
- First Name
- James
- Joined
- Jun 21, 2022
- Threads
- 20
- Messages
- 481
- Reaction score
- 473
- Location
- UK
- Vehicles
- 4S PB+
I’d 100% recommend this - I have an SPV that owns my main business, so profits go upward as inter company dividends and from there I can invest, withdraw or whatever. Currently it’s sat being eaten away by inflation like you, but I’m drip feeding a unit trust investment, some in property (which is doing well but only because I bought pre-house price craziness) and the rest sat depreciating while earning about 1.7%. Once the property market resets I’ll be poised to jump in.Absolutely, that and inflation. It pains me to have a load of money sat there being inflated away.
I did set up an SPV earlier this year. Seriously considering property development by loaning it profits from my other business. Not now though. UK property is 5 months behind what has happened in the US... I've also never done it before, so there is an element of risk. Overseas property dev is another thing I could explore, I much prefer hot sunshine anyway.
Extremely limited with what you can do with company profits. I suppose you can buy a Porsche EV
the taycan will use up 100k of profits in the main business, I’m maxing out pension every year as well…giving out pay rises left right and centre too. Lovely problem to have and my team are benefitting too
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