Why you deleting all your posts John?
Not enough interest..........?
Why you deleting all your posts John?
Lots of people would think to do that but in reality it wouldn’t happen, any money left in the pot gets spent instead. £10000 borrowed at 2.9%, the payment goes out of the bank on payday and isn’t missed.
My parents are very savvy with their money and think they do better with premium bonds than ISA’s.
Not the best of ideas linking to an article that can't be read without subscribingThe ft doesnt see it as a problem when taken in the context of asset value:
https://www.ft.com/content/761ab30c-b941-11e5-bf7e-8a339b6f2164
Tell all Ellal...from your wonder crystal ballPay Day loan sharks going bust along with Poundland...
I wonder what that tells us about the economy?
And what we have to look forward to!
In your dreamsWhen companies go bust and they owe you money, often it's a case of 'tough luck'. I really hope that those people who owe Wonga dosh don't have to pay them back
I think i get where you are going with this thought. Let me help you refine it a bit...
open a santander 123 account and get the money going in there, when you’ve saved a min of £1000
Open an ISA share trading account e.g. Iii.co.uk. transfer over the money and place a buy order on LON:MIDD.
you’ll get 1.5% on the 123 and there is a good chance you’ll make 2-3% on the FTSE 250. (lon:midd). if this seems two complex skip the 123 but buy the stocks in at least chunks of £1000, to minimise fees
Well given that relative incomes are lower than in 2008 and household debts are higher, then no crystal ball is needed - just common sense!Tell all Ellal...from your wonder crystal ball
But you'd save £750 in interest fees if you managed to save up (over 5 years). The thing with bonds is you can buy then with a standing order - so you could set up your account to pay £50 each month (or more if you prefer) until you have reached your £10k. You'd pay a loan back similarly, so it doesn't make financial sense to take a loan out to buy bonds. Just trying to help! £750 is a fair amount of money, don't give it to the bank in interestLots of people would think to do that but in reality it wouldn’t happen, any money left in the pot gets spent instead. £10000 borrowed at 2.9%, the payment goes out of the bank on payday and isn’t missed.
My parents are very savvy with their money and think they do better with premium bonds than ISA’s.
Not the best of ideas linking to an article that can't be read without subscribing
But that's nothing to do with Brexit, and your comment about what we have to look forward to post brexit is a crystal ball thing in all fairness.Well given that relative incomes are lower than in 2008 and household debts are higher, then no crystal ball is needed - just common sense!
But you'd save £750 in interest fees if you managed to save up (over 5 years). The thing with bonds is you can buy then with a standing order - so you could set up your account to pay £50 each month (or more if you prefer) until you have reached your £10k. You'd pay a loan back similarly, so it doesn't make financial sense to take a loan out to buy bonds.
Martin Lewis would have a field day with you!!I’m still not convinced. Even if you matched the loan payment of £178/month, after 1 year you would only have £2136 invested, but if you borrowed to invest you would have £10,000 invested from day 1.
Maybe i’m going off topic, what’s this thread about again?
Well given that relative incomes are lower than in 2008 and household debts are higher, then no crystal ball is needed - just common sense!
(although common sense also seems to have fallen further in certain quarters )