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How much should I repay my father?

The_Watersweeper
Posts: 2 Newbie
in Loans
Hi. In March 2001 I was offered some shares in my company for a minimum amount of £5,000. I only had £1,000 at the time but, as I thought it would be an interesting investment, my father said he would invest £4,000. The shares were bought in my name, hoping to be able to sell them for a better price after 3-5 years once the company went to the market. Over 6 years have passed and this hasn't happened and I can't find a buyer for the shares. My father has asked when the situation is likely to change but I begin to think that it won't for at least another couple of years. He hasn't asked me to return the money he invested but I feel guilty about having recommended this so have decided to consider the £4,000 he invested as if it had been a loan to me instead of a risky investment). If I pay him this money back, the shares will be mine along with the risk of losing the money. The question is, how much should I offer him as added interest on this "loan" after all this time? Is there some kind of table I can refer to? Thank you in advance for any information you can give me.
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Comments
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Be honest with him. If you feel guilty let him know so and offer to return his investment of £4K, or let him ride out the investment with you whatever the outcome.
He is old / mature enough to make his own decisions, otherwise he wouldnt have offered the £4K in the first place."Getting Married" - The act of betting half of everything you own on the fact you will love someone forever :rotfl:0 -
Thanks for replying so quickly Sniperpenguin. You´re right of course. However, as he did make a comment some time back about the fact that the money would have been much better in a bank, I just wanted to be better informed about interest amounts before bringing up the subject. I also don´t want to be unfair by offering to return an unrealistic amount but on the other hand I´m not so well off that I can just pay out too much extra just to keep the family happy.0
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