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Post by sannytwist on Jan 2, 2017 5:54:52 GMT
in that case it your specific situation isn't as risky but l wouldn't think the average person who uses a cc to stooze the few % of interest would be anywhere near your situation.
It all depends on individual circumstances l suppose but if l had alot of money and savings ratio of 60%, is there a need to use cc to invest? probably not.
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Post by sannytwist on Jan 2, 2017 3:24:03 GMT
See the big wealthy individuals who bid +£25,000 and even seen a few £100,000 bids before on loans. What do you think their strategy is? do they hold for a few months and then sell out or
Any opinions would be appreciated.
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Post by sannytwist on Jan 2, 2017 2:19:35 GMT
not good at all:(
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Post by sannytwist on Jan 1, 2017 19:21:48 GMT
big balls of steel lol £100k jeez
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Post by sannytwist on Jan 1, 2017 17:14:07 GMT
100% agreed.
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Post by sannytwist on Jan 1, 2017 16:45:59 GMT
May your 2017 be happy, healthy and prosperous . Happy new year all!
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Post by sannytwist on Jan 1, 2017 16:32:11 GMT
Here's my plan, I have a credit card with 2 years of 0% on new purchases, what platforms allow me to fund my account using a credit card? I will invest my limit in a peer to peer paying it off so the balance is cleared in 2 years, I usually do it on my mortgage but this time I am going to do it in p2p providing I find a suitable platform. Thanks Its incredibly risky to invest in p2p using cc. What if platform goes bust? there is no guarantee despite their safeguards how safe our money is in these events. Yes you are investing with other people's money but also walking a tightrope at the same time.
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Post by sannytwist on Jan 1, 2017 5:07:42 GMT
Very good point, there is alot of money from wealthy individuals indeed.
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