Anyone any ideas on how to get a 12% annual return?

bendix

So let's get this right. rictus comes here and looks for advice on investment, and he gets two people suggesting he should actually go into business or go gambling.

This board goes downhill faster and faster everyday.

rictus, if you want to invest, invest. If you want to go down lingwood's route you are talking about going into a business which, necessarily, involves work. If that's what you want, fair enough, but that wasn't your original question.

And if you take musehead's advice, you're an idiot.

housesitter

I doubt either of them are doing it as a business. Black market on Ebay thrives.

musehead

I don't like the implication that i'm an idiot, but the matched betting thing does involve work, so fair enough it wasn't what the OP was asking for specifically.

It's just that you're never gonna get a 12%+ return without a bit of work.

Even if you invest you're gonna need to put a bit of work into it, or pay for advice. Plus with investing, such a return is in no way guaranteed.

bendix

musehead wrote: »

Even if you invest you're gonna need to put a bit of work into it, or pay for advice. Plus with investing, such a return is in no way guaranteed.

Unlike gambling, of course, where postive returns are absolutely guaranteed.

One wonders how gamblers anonymous stays in business . . .

lingwood

housesitter wrote: »

I doubt either of them are doing it as a business. Black market on Ebay thrives.

Yes it is not being done as a business, but what is black market about it?

fergusrssmith

bendix wrote: »

Unlike gambling, of course, where postive returns are absolutely guaranteed.

One wonders how gamblers anonymous stays in business . . .

To say you are embarrassing yourself would be overstating it a little (but you did call that other guy an idiot!) but you should really check out what matched betting is before making judgements!
There's only two risks really in matched betting, 1) human error and 2) bookies not honouring their odds because of a miss-pricing - which is usually pretty obvious and avoidable.

I did a few weeks worth of matched betting and easily doubled my money (few hundred quid profit) - gave up when the easy to fulfil and larger return offers ran out.

housesitter

lingwood wrote: »

Yes it is not being done as a business, but what is black market about it?

So not doing it as a business but still paying the tax on the profits eh?
Of course you are dear.

Don't forget the VAT when your turnover gets high enough.

G_M

And if you take musehead's advice, you're an idiot.

I don't like the implication that i'm an idiot,

Didn't see the implication. Looked pretty explicit to me....

BarryElland

Donald Trump's investment tip - minus your age from 100, and put that percentage of your investment in shares - the rest into something more predictable - high savings account etc (speak to your bank as these change all the time or go on ThisisMoney or something).

bendix

fergusrssmith wrote: »

To say you are embarrassing yourself would be overstating it a little (but you did call that other guy an idiot!) but you should really check out what matched betting is before making judgements!
There's only two risks really in matched betting, 1) human error and 2) bookies not honouring their odds because of a miss-pricing - which is usually pretty obvious and avoidable.

I did a few weeks worth of matched betting and easily doubled my money (few hundred quid profit) - gave up when the easy to fulfil and larger return offers ran out.

With the greatest of respect, if matched betting is such a sure thing and you can easily double you money in a few weeks with no risk, aren't you the idiot because you . . ummm . .'gave up'?

I look forward to hearing you have retired by years end.