Living in London
Rent £700 a month
Trade Stockmarkets for a living
Not prepared to buy
£250k in bank need.
would love to get a monthly return from this lump sum which pays my rent each month (until I see a good time to enter the property market)
Or is this a bad idea as inflation will eat into my £250k??
Full Version: Where To Invert £250k So Interest Pays My Rent?
What's the yield on intermediate-term gilts?
QUOTE (weebobby @ Feb 13 2008, 10:11 AM) 
Living in London
Rent £700 a month
Trade Stockmarkets for a living
Not prepared to buy
£250k in bank need.
would love to get a monthly return from this lump sum which pays my rent each month (until I see a good time to enter the property market)
Or is this a bad idea as inflation will eat into my £250k??
Rent £700 a month
Trade Stockmarkets for a living
Not prepared to buy
£250k in bank need.
would love to get a monthly return from this lump sum which pays my rent each month (until I see a good time to enter the property market)
Or is this a bad idea as inflation will eat into my £250k??
Isn't this a rather philosophical question? Your rent has to be paid somehow!
If you can pay your rent out of your back-pocket/wages/other, do so. If you can't pay your rent from back-pocket/wages/other, pay for it with some of the interest from the £250k.
Some money comes in, some money goes out. If the difference between them is positive, you're doing okay...
QUOTE (weebobby @ Feb 13 2008, 10:11 AM)
Living in London
Rent £700 a month
Trade Stockmarkets for a living
Not prepared to buy
£250k in bank need.
would love to get a monthly return from this lump sum which pays my rent each month (until I see a good time to enter the property market)
Or is this a bad idea as inflation will eat into my £250k??
Rent £700 a month
Trade Stockmarkets for a living
Not prepared to buy
£250k in bank need.
would love to get a monthly return from this lump sum which pays my rent each month (until I see a good time to enter the property market)
Or is this a bad idea as inflation will eat into my £250k??
250k ? Northern Rock offering 6.35 gross interest on a easy access savings bond, that should more than cover your rent?
why not try to seek professional financial adviser help or check with your broker for high yield low risk stocks counters
QUOTE (weebobby @ Feb 13 2008, 05:11 AM)
Living in London
Rent £700 a month
Trade Stockmarkets for a living
Not prepared to buy
£250k in bank need.
would love to get a monthly return from this lump sum which pays my rent each month (until I see a good time to enter the property market)
Or is this a bad idea as inflation will eat into my £250k??
Rent £700 a month
Trade Stockmarkets for a living
Not prepared to buy
£250k in bank need.
would love to get a monthly return from this lump sum which pays my rent each month (until I see a good time to enter the property market)
Or is this a bad idea as inflation will eat into my £250k??
You trade stocks for a living? I would think your first choice would be high-yielding stocks or bonds. If not, a certificate of deposit or bond at any bank should more than pay your rent.
In the top tax bracket? Max out on tax-free vehicles: NS&I RPI linked bonds (15k), ISA (7k), possibly premium bonds (30k) (depends how lucky you feel! I've done rather well from them)
A few medium risk punts (10k gold coins - sovereigns are CGT free, currency trading, if you've got cohones) and the rest in high return savings...preferably in your low-tax paying partner's name!
That's my spread on my 250K. It's doing fine...
A few medium risk punts (10k gold coins - sovereigns are CGT free, currency trading, if you've got cohones) and the rest in high return savings...preferably in your low-tax paying partner's name!
That's my spread on my 250K. It's doing fine...
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