Probably impossible question????

Chuzzle

Hi

I want to take a year off work to re-train. I have £15,000 which is the same as my annual salary. I'd like to put this money somewhere that will generate £900 a month for me to live off?

Am I living in cloud cuckoo land or is this a possible idea? I would only want to do this for hopefully a year, by the end of the first year I am hoping to have found a job to carry me through the rest of my training.

opinions4u

£15,000 minus (£900 x 12) = £4,200 plus interest (maybe £150ish) at the end of it.

If your saying "can I have £900 a month and keep my capital please" my answer would be "don't be silly".

blinko

your being nuts you need to trade on the markets to generate that kind of return 72% !!!!

the best savings account at 3% lets say its an ISA will give you £450 pa or37.50 a month

Loopgames

Unless you want to be a loan shark....:eek:

blinko

thats 8.5% odd per month actually which isnt impossible, im currently getting 7% this month in my investments and seeings as capital gains istax free you wouldnt need to pay any tax

anyway i think this thread should be left alone

Rollinghome

blinko wrote: »

thats 8.5% odd per month actually which isnt impossible, im currently getting 7% this month in my investments

Stocks in September regained part of what they lost in May. It's what you end up with that counts.

blinko

Rollinghome wrote: »

Stocks in September regained part of what they lost in May. It's what you end up with that counts.

thanks for that rollinghome

Chuzzle

blinko wrote: »

anyway i think this thread should be left alone

Why would you think this? I only asked a hypothetical question, I didn't think it would be possible but thought this was a reasonably good place to ask the question. Ok maybe I was wrong not to say it was a hypothetical question at the beginning.

I am sorry if I have wasted any one's time, it was just a question I wanted answering to see if there was a way to do it.

Thanks to everyone for your thoughts though it has been informative.

adindas

BEcasue the question "is this a possible idea?2

Of course possible, You may get it even bogger, you may loose your money at al.
Play Casino, Gambling ...
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ADINDAS

Chuzzle wrote: »

Hi

I want to take a year off work to re-train. I have £15,000 which is the same as my annual salary. I'd like to put this money somewhere that will generate £900 a month for me to live off?

Am I living in cloud cuckoo land or is this a possible idea? I would only want to do this for hopefully a year, by the end of the first year I am hoping to have found a job to carry me through the rest of my training.

Loughton_Monkey

Chuzzle wrote: »

Hi

I want to take a year off work to re-train. I have £15,000 which is the same as my annual salary. I'd like to put this money somewhere that will generate £900 a month for me to live off?

Am I living in cloud cuckoo land or is this a possible idea? I would only want to do this for hopefully a year, by the end of the first year I am hoping to have found a job to carry me through the rest of my training.

I like your banana idea in your tag. Must have been why you have got £15K invested.

Take 12 envelopes and put £900 in each, marking them "January", "February" etc. using the same felt tip pen as you use for your bananas.

Now take the remaining £4,200 and shove it on some 4-to-1 filly at Kempton Park. Good luck.