Exactly, which is why it's also quite a terrifying thought!
Trading the stockmarket (NO Referrals)
- Thread starter mcast123
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Exactly, which is why it's also quite a terrifying thought!
Soldato
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dang, never see those on my 3 cards I got hahaLoads of them do money transfers too, here's Virgin's:
I think you have to be a *really* good boy to get them
I've got them on Virgin, Tescos, HSBC and Barclaycard.
EDIT: Here's Tesco:
EDIT 2:
Barclaycard hasn't emailed me one in a while, it's all in the app now, but here's one from 2023:
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Each to their own - but highly risky and would never advise anyone to take on debt to invest.
What happens if you want to remortgage? You would have to declare the credit card debt?
Also - Credit card companys can recall the debts and ask for payment at any time - rare but can happen.
Normally people doing this stick it in cash ISA so they can repay at any time. S&S ISA is risky as a sudden down turn in the markets could leave you well short.
Hi risk especially with that fee.
Personally I see the temptation but taking on debt to put in markets? That's a step too far for me.
If it's 1pc fee and put it in a 5pc cash isa... Yes. But not markets.
Jobs are falling and stocks are at record highs.. Not saying it's due a crash but the disconnect continues
It’s not just the 4% fee that’s the issue.
You have the opportunity cost of the ~4% interest you could earn on it.
So you have to make 8% to beat just putting it in a savings account.
you don't need to do that... you just use your real money to buy the shares and then use your credit card on what you would have used your real money on. But it's not something I would do myself.
I have heard that people at my work place, putting all they can (their wages minus min wage) towards the discounted company shares and then just living off credit cards.
Having just brought a new car my finances are not as tidy as they normally are. I have about £800 pounds on my monthly everyday spend credit card after paying for the uplift in insurance and road tax for the old car (don't ask, I'm waiting for the DVLA to refund me) and 6 months for the new car (so my road tax and insurance are 5/6 months apart). I still have about £500 pounds on interest free card from my holiday last month. The car insurance is due in August as well approx £600.. that card interest free period is running out in December, so there's a chance that it may not get cleared off.
Simply plan... this months wages are used to pay off my monthly credit card.
I use the new interest free card to buy everything that I would normally use my monthly credit card for...
Next month I pay off and close down the card that's expiring in December and and still use the new card for my monthly spendings and the car insurance. While paying what I can afford on it.
The month after, it all returns by to normal. Monthly CC for monthly spread and the new card for large purchases to spread the cost. As long as I don't by anything silly on it. It will soon get cleared off before the intreast free period ends in 18 months.
I've done it before in the past... and if it all goes pear; I just take the money out of my savings account to pay off the cards.
CMPS bounced today and just hit my ‘60% in a few weeks’ threshold, so sold up. 2k profit in my pocket for the weekend. Not in an ISA wrapper either so didn’t want to hold long term and faff with CGT.
Now to sit earning interest until the next entry point.
Now to sit earning interest until the next entry point.
Yea normally the people doing this kind of thing keep some kind of collateral to loan against and are quite well off already. If it goes wrong they can cover it.
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Soldato
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Barclays got rid of all my offers around covid, just brought it back a month ago, so something is changing in the markets i guess
Money transfer same but april 2027.
Money transfer same but april 2027.
[td]
[/td]
[td]
0% interest until 1 July 2027 on all balance transfers.
(2.9% transfer fee applies).*
Move balances from other cards and manage one monthly payment, interest-free for 24 months.
Offer ends 31 July 2025.
[/td](2.9% transfer fee applies).*
Move balances from other cards and manage one monthly payment, interest-free for 24 months.
Offer ends 31 July 2025.
I would have said this makes more sense (but still incredibly risky) when everything was selling off back in March as there were some decent entry points but with valuations at all time highs and multiple previous years of annual positive returns in the US as well as a realistic chance the stock market declines for the rest of the year I wouldn’t go for it personally.
I'm all over the shop at the moment... double whammy from the pedo in the whitehouse
1. The EU & canadian tarrifs thing is still up in the air
2. The huge Epstine files scandal
If I looks at last weeks performance it's grim, but if I look at the last 3 months, its fine..
It'll calm down...soon hopefully!
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Why does he always do it right after I buy :/
Trump Media company is buying crypto at the moment, so it's probably intentional. At the same time as as "genius act" is going through. He has control of the senate, the markets, the military, laws... he is Emperor Palpatine at the this point.
Trump Media company is buying crypto at the moment, so it's probably intentional. At the same time as as "genius act" is going through. He has control of the senate, the markets, the military, laws... he is Emperor Palpatine at the this point.
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Dont buy between fridays to tuesdays - that's crazy tariff/insider trading time
If only it was that predictable
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Soldato
- Joined
- 16 Jan 2003
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- Nottingham
What’s happened with Nvidia it’s down over 2% and still tanking in a steep straight line.
[edit]
Apparently have no supply to resupply China.
Dropped 3.54% now.
[edit]
Apparently have no supply to resupply China.
Dropped 3.54% now.
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