30k to Invest -need around 70k

Mrmorden21

Thanks for all the reply's everyone.

I have looked into pprune - its just fileld with a lot of playground name calling really with the exception of some pretty good advice. I have a friend who is a pilot so I have a pretty good idea of the inner workings shall we say. Sponsorship is rare and even then, its only for around a third of the cost, but then its full time (like integrated) and I cant have a job. By the time I add expenses it works out WAY more expensive. The way I am doing it - modular ( or pay as you go if you like ) is MUCH cheaper than a full time integrated course/part sponsored course. A modular route is around 40k, whereas an integrated route is 70k plus expenses for 15 months, so really around 80-85k ( plus a 25k type rating on top of that:)) At the end of each course, you come away with the exact same qualifications except with modular I get to keep a job and thus an income.

In a nutshell - Modular is cheaper and you get the exact same qualifications and oppertunites as an integrated route.

So its around 40 for my licence. I then however need to - unless things change - pay for a type rating which is 25k. Again, this type rating is full time and thus cannot work. In that case I need 40k + 25K plus around another 15-20k for living expenses, any resits, extra hours needed etc. I have 30k just now, well 20 when debts are paid off.

The advice I need is -

I have 20k left with no debts. I wil thus be able to save around 400/500 per month. What do you think is the best way to credit some returns? I dont really wanna have crazy risk - but then if I dont, I know it may take a while.

The joys of having a dead end job and wanting to do something pretty awesome! lol.

blinko

If i were you I wouldn't become to fixated with your target, this could push you against your risk profile. Instead AIM towards it and see how you get on.

The bottom line is for you to generate that kind of return you will need to invest in equities which is mighty hard, very risky and involves spending alot of time at your computer to keep an eye on them.

You can do it with unit trust sbut you will sort of be trading them and if you really choose wisely etc you could possibly make 30% pa again it could go the other way.

the short answer there isn't one. You have to slog it out on the markets like the rest of us,

my short in the FTSE went upto 600 quid up, as it touched 5809 on fears US may be downgraded lovely !!! but I didn't close as i didn't expect the FTSE to bounce back up and then back down again the way it has. I closed this morning for 25 quid profit !! and had i held i would've been sittong ona loss right now thats how unpredicatbale these things can be

Wat can you do