What about the captial though, in our dream scenario? Are you going to leave it all there for your heirs? You dont fancy a yatch or anything? Youāve earned itā¦your heirs havenāt
Hargreaves Lansdowne has that option but like a lot of brockers it is not paid the day itās received but on certain days of the month.
As freetrade tell you when you have received income itās hardly a big deal to transfer it yourself.
A better option is to get them to use fast pay as opposed slowwww pay!
Cant wait for that to happen! But iwould keep growing itā¦ i want for future generations to keep passing on and keep it growing that way it would get to a point it makes the family secure and living comfortably! Depends on how greedy future generations would beā¦ i would have to be invited to agms via some seance or haunt for ruining the fundš
Everything everyone does is āinvestingā. Even keeping cash is investing, in a way. I would certainly change my assets allocation if I reached a certain critical sum of money - if my lifestyle costs Ā£X per month, Iād want to invest in a safe asset that essentially guarantees Ā£X per month revenue, plus a fixed %.
Gotta keep investing to keep up with inflation. The system is designed so that nobody can ever switch off completely. That is unless you are an unemployed member of the royal family. They get an increased taxpayer subsidy every year no matter what.
Inflation is always an issue, but even at the current high rates, if you have comfortably more than you can spend in a life time you could choose to just spend it more than invest.
I have a feeling I will never experience that personally though