Amy Kirby is one of six apprentices at Rathbones, a wealth management firm in Liverpool. They have been blogging about their experiences – here is a snippet from Amy’s blog.

Tuesday, 28 January 2014 – £100,000 Presentation

As part of the selection process for the apprenticeship, we were asked to deliver a ten minute presentation on how we would spend and invest £100,000 inheritance. I thought it might be interesting to share how I answered this, as I am sure no two people would be the same!

• £15,000 on a car. The model of car I said I would like, which I still do, was a Fiat 500. This car is under £10,000, leaving me with plenty of money to cover a year or two for insurance, tax and petrol.
• £3,000 shopping. Of course part of the money would go towards a shopping trip! Me and mum would go to Manchester and we could maybe pick a bag each. I said I would buy a Kitchen Aid, but I still have no idea which colour!
• £10,000 to my parents. This would just be a sort of thank you for everything gift. They could do whatever they like with it, and it would make me feel really happy being able to give them that money.
• £2,000 donation to Monkey World. I could write pages and pages about Monkey World, but basically I think it is absolutely fantastic. It is a sanctuary down in Dorset that rescues and rehabilitates monkeys from all over the world. If you ever see Monkey Life on TV you should watch it!
• £30,000 premium bonds. I think premium bonds are a great way of saving money as every £1 bond you buy enters you into the monthly prize draw to win money. Dad usually just won £25 (which I still think is brilliant) but you can win up to £1,000,000!
• £30,000 savings. As I am only 18 and still living at home with no major outgoings, I can afford to save quite a high proportion of the money. Each year I would transfer money to top up my ISA allowance as it is tax-free.
• 10,000 on shares. I said I would buy shares in Tesco, United Utilities, BP and Whitbread. I think everyone will always need water and oil, Tesco is just getting bigger every day, and Whitbread own Costa Coffee which seems to be opening up on every high street! I also wanted to ensure I was spread across different sectors.

At the end I was asked would I not have opened a stocks and shares ISA, which I hadn’t heard of at the time - but now I would! I was also asked my favourite flavour of cake to bake. Under pressure I answered chocolate, but it’s probably more like lemon!

The presentation was the scariest ten minutes of my life, but certainly also the quickest as it just absolutely flew by!

To read all six apprentices blogs, go to: http://www.cisi.org/bookmark/genericform.aspx?form=29848780&URL=supportapprentice