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Where we at

Tue, 08 Apr 2008 07:38:36

Quite a bit going on recently so here's a recap for those new the site and following the money

Idea: Take a low interest loan, put it in the stock market and try and beat the interest. This is called 'gearing'. So £5000 secured from Alliance and Leicester at 6.7 APR over 2 years. Total repayable £5345. Over 2 years I need to make a profit of £345. The green is currently being transferred to my 'Stocks and Shares ISA' so any profits are free from capital gains tax. Once the transaction is complete, ill keep you updated of where the money is, and how much it makes..... or loses.