Investment help???????

wrote

So now you're only offering 198.86 per month (for 5 years) ? [200pm is 7.6777%...]

In fact I'm only offering just under 4.7% if you're taking interesting compounding into account....so dunno where the "measly 8" came from

Still interested parties...email the address given ^_^

How did 7.4 become 4.7?

Anyway, your compounding isn't "interesting" enough. The actual rate is some 0.61834% per month, which when annualised is not

I think its safe to say I know squat about finances, hence trying to borrow money off someones gran!

Hmm. If you "know squat", how then do you "know" you'll be able to pay back the loan and interest? What are you going to do with the money and how is it going to secure your future financial health?

In message , " snipped-for-privacy@gmail.com" writes

How did you calculate that?

If you know where I can borrow money I will reveal more info...

I'm sure somebody here in this newsgroup will lend you the money, if you can

OK, then. I know where you can borrow the money. Well, scratch "can" and substitute "could". It obviously depends on the info.

If only everyone shared your optimism :)

wrote

No need - *I*'d lend you the money, if you could *prove* it's guaranteed to be returned at 8%pa!

In that case drop me an email and I'll reply from my real email account...

Tim wrote:

He's either not thinking about the flat rate, or he's calculating it wrong - flat rate on paying 12K over 5 years for 10K loan is exactly 4.000% !

I think someone else erroneously concluded that it was an 8% investment, when really it was more like an 8% APR loan for myself....

Who's up for a measly 4% investment then?

Tim wrote:

What are you on about? An 8% APR loan is an 8% investment, not a 4% investment. Of course if you repay in equal monthly instalments throughout the term, then averaged over the term only half your money is "working", but that part of it which remains invested is indeed giving a return at the rate of 8%pa. Don't forget that as the repaid capital rolls in, you can re-invest it elsewhere.

Hi,

Have you heard of zopa?

Basically it will on-lend money for you, to a number of different people (lessens risk).

a bit more detail at

chris

They do not have a long term track record and personally would keep my money under the bed rather than use them.

I take your point - I wouldn't put all my eggs in one basket using Zopa, but I wouldn't personally consider it that risky.

How about Nationwide's e-savings? That's a bit safer!