I don't think we can put those up

I don't think we can put those up."Domain names are the lingua franca of the Internet: they are what users need to understand where they are going to. Anyone can register a domain name made up of up to 255 characters, suffixed by " " or ".co.uk", for as little as pounds 5 at various official sites Those belonging to large companies are generally already taken, but some people register names in the hope that someone will, in the future, want to use them to build a "brand name". "What's really exciting is that there are so many names waiting to go up for auction - we've got hundreds, and there are some really cracking names - such as chocolate , deli , computers.co.uk, hotels.co.uk..."We're still not sure, though, whether to help auction the sex ones. For some the bidding was especially fierce: eDowJones.co.uk and FTSE-100.co.uk started at pounds 15,000 each and within 90 minutes were above pounds 16,000. But don't become angry if that was to be the site of your Internet business: the hammer does not fall on bidding until 12 February.In a sense, the site is a final triumph of the Internet: it sells things that have no physical expression, and indeed no existence outside the Internet, and yet somehow generates money for two out of the three participants in any transaction - the seller and the auctioneer."We take 5 per cent of the final price and oversee the transfer of the domain name's ownership from the previous owner to the highest bidder," explained John Sewell, managing director of Phase8, an Internet services group that set up the site. At 3.30pm, about 300 website names of varying utility came on to the block. DO I hear pounds 16,400 bid for FTSE-100.co.uk? Well, no, because you couldn't actually hear anything as the web's first online auction of domain names began yesterday. But you could see speculators piling on to the maddest land rush since the Klondike as bids began popping up within minutes of the auction site www.names123 opening for business.

You must be prepared for your name and picture to appear in the article. I expect the Newton fund to perform well, generating capital growth and a growing income over the years. In summary, Anne can afford to give up work and purchase a cottage in Dorset. She needs to check out the small print on the car loan carefully and have a serious think about paying off the mortgage. If she decided she did not want to pay off the mortgage then the £36,000 can be invested for income, which should generate sufficient to meet any income shortfall through giving up work. Alternatively, the mortgage could be paid off and Anne would still be able buy her cottage and give up work. If you would like a free copy of The Independent guide to high-risk, high-reward investments, sponsored by Whitechurch Securities, call freephone 0800 374413. If you would like to appear in the Financial Makeover please write to Tim Cockerill, c/o 'The Independent', 1 Canada Square, Canary Wharf, London, E14 5DL. It would also leave her with £5,000 spare which could be invested for growth. But this money could be put into a high-quality equity income unit trust, such as Newton Higher income.

Her salary is £400 a month which means she would have a shortfall (£400 minus £290) of £110, which is roughly £1,300 per annum. If she takes an income from the Sun Life Distribution bond of 5 per cent and the income from the M&G PEP this will generate an income of approximately £1,500. This is the equivalent of making an investment for £25,000 paying out 6.24 per cent net for 12 years. Crucial to this exercise is to ensure that the endowment policy payments are maintained, because in 12 years this will produce around £25,000, which can then be invested for income. If Anne repays her car loan and mortgage she saves herself £290 per month. And she could consider repaying the mortgage. The outstanding £25,000 is costing £1,500 a year. The Allied Dunbar bond is a more recent investment and should be left it to grow until a 5 per cent income if needed. Anne also has a PEP with M&G in their Extra Income unit trust. Anne should take the tax-free income.George also has a PEP with INVESCO in their UK Income & Growth trust. Unfortunately this investment hasn't been good and I would recommend switching to the INVESCO Income unit trust which has been considerably better. Anne's car loan is costing her £158 per month, and it would make sense to repay this, which means her investments need to produce less income.