Higher Risk Investments for high income, young household

RHumphrey

Hi. She said 'yes' so I guess I'm getting married next year.
I am a 28yr old IT contractor in banking and I take home around £110k/year net of tax. She is 28 and is a corporate lawyer, earning 75k (gross - though I've never asked her to prove it).. So I guess once we get married our household net income is somewhere around £160k.
We are both very low maintenance, and have discussed the only thing we will spend a lot of money on is private education - so I'd like to start thinking of a budget.
I am thinking we aim to save £100k/year for the next few years, and buy fast food franchises along the way, and employ people to manage and run the stores. I have read that returns are relatively high, once you can afford the franchise fee. Is this a crazy idea? Should I just buy stocks and bonds instead? Where else can I get some decent returns (10% and up)?

jimjames

Personal view - yep its a crazy idea.

Far easier to put into shares/funds. Fill up this years ISA allowances each which will take over £22k of your money, then do the same next year so it will stay tax free.

For those kind of amounts you may be better of speaking to an IFA in case there are other options you've not considered.

Reaper

Yes as you are both working full time trying to stay on top of a multi-outlet franchise sounds a lot more trouble than I would want to take on.

As suggested I would be looking at tax efficient savings and investments for starters. Not just ISAs but pensions, EIS (maybe even SEIS), VCT and so on. It would probably be worth speaking to an IFA but do find one that specialises (and is qualified in) investments.