Originally posted by oxtailsoup
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Money - advice!
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Originally posted by NumptycornerYes, Pay off the mortgage
100k mortgage = £600 a month at 5% over the term, 7,200 a year
that's effectively >7% cost per year for the near future
You can't get 7% on savings
Thats a really good point.
Hmmm, maybe a rethink is needed.
Cheers allThe pope is a tard.Comment
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Originally posted by NumptycornerI wouldn't invest in anything that ties capital up for a long time at the mo. Keep liquid then if an opportunity arises...
I've got 30k in Premium bonds, which is liquid and so far has given me 6% in 8 months and better still, Gordo gets FA
6% in 8 months sounds alot. Did you win some dosh?Comment
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As a general rule it is always better to pay off debts before you start trying to save or invest. The interest you pay on a debt will always* be more than you earn on an investment.
*For varying values of always not including special circumstances such as short term offers on credit cards etc."Being nice costs nothing and sometimes gets you extra bacon" - Pondlife.Comment
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Originally posted by TheRightStuffI'll have to look at premium bonds - can't believe I'm saying this.
6% in 8 months sounds alot. Did you win some dosh?I remember the good old days of this site when people used to moan about serious contractor related issues like house prices and immigration. How times have changed!?Comment
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Originally posted by SallyAnneThats a really good point.
Hmmm, maybe a rethink is needed.
Cheers allComment
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Originally posted by TheRightStuffI'll have to look at premium bonds - can't believe I'm saying this.
6% in 8 months sounds alot. Did you win some dosh?Comment
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You are all missing the 100% guaranteed biggie.
Buy To Let.
House prices are going to double, rents will go through the roof and all the BTL'ers will be millionaires.
You KNOW it makes sense. Buy into UK property.
Kerrrrrrchinnnnnng.
HTH
Comment
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Originally posted by DimPrawnYou are all missing the 100% guaranteed biggie.
Buy To Let.
House prices are going to double, rents will go through the roof and all the BTL'ers will be millionaires.
You KNOW it makes sense. Buy into UK property.
Kerrrrrrchinnnnnng.
HTH
Comment
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