Stoozing a Mortgage

jamesd

bromie21 wrote: »

do you mind me asking - how much do you reckon you made through stoozing in year,at your peak?
Trying to work out how worthwhile it might be

I recon I made more than £10,000 last year on £30,000 or so stooze pot. But that wasn't risk-free interest stoozing, it was using high risk investments. Not suitable for most people, including not for most here. Only for those who understand investments, know the risk they are taking and know they can handle it if the investing goes against them and they lose money.

When using interest rates you just need to look at the difference in interest rates. Mortgage to savings account is safe and quite easy, provided you keep the amount in each savings account under the FSCS limit.

stevemcol

jamesd wrote: »

I recon I made more than £10,000 last year on £30,000 or so stooze pot. But that wasn't risk-free interest stoozing, it was using high risk investments. Not suitable for most people, including not for most here. Only for those who understand investments, know the risk they are taking and know they can handle it if the investing goes against them and they lose money.

When using interest rates you just need to look at the difference in interest rates. Mortgage to savings account is safe and quite easy, provided you keep the amount in each savings account under the FSCS limit.

Please don't take this the wrong way james but you are clearly a successful investor so why do you have to use credit card capital to fund the investments? And what was your 'out' if it went belly up?

jamesd

The credit cards increased the amount of money invested, so the same rise in value increased the amount of money I made. My out was selling and accepting the loss - I could afford to recover from a loss in a reasonable time if necessary. An extra £30,000 to invest is still a significant amount of money for me, well worth having and using.

But this is not for those who are not comfortable with investing and able to handle a possible loss, which rules out most people.