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Invest you student loan


Dave Bloke
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Dave Bloke

This website

https://www.savethestudent.org/student-finance/15-tuition-fee-myths-debunked.html

suggests taking out a student loan and investing the money as you "easily get a return of 7%+ on that cash"

Sound advice, or lunacy?

Martin Lewis makes a strong case to not overpay or pay off early any student loan unless you are a seriously high earner and likely to stay so for 30 years.

Edited by Dave Bloke
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14 hours ago, Dave Bloke said:

This website

https://www.savethestudent.org/student-finance/15-tuition-fee-myths-debunked.html

suggests taking out a student loan and investing the money as you "easily get a return of 7%+ on that cash"

Sound advice, or lunacy?

Martin Lewis makes a strong case to not overpay or pay off early any student loan unless you are a seriously high earner and likely to stay so for 30 years.

Mmmm, so according to that site you can get 1.4%+ above the interest rate you will be charged...they fail to mention trading costs, and what happens when you buy a duffer, but hey lets not focus on the details eh?! :-)

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Frank Hovis

Oh, we've been here before.

I remember lots of articles of grinning students in 86/87 showing off all the designer gear that they had bought from investing their grant money (which was only £650 or so a term so you didn't have a lot to play with after rent and food) into the then booming stock market; the grinning investors were actually borrowing the money that they were investing.

Then came mid-October 1987.  Stock markets had been falling through the week but went into freefall on Monday.

As many phone lines were down these "student entrepeneurs" struggled to contact their brokers to sell in time and lost badly.

  • Thursday 15th - great storm overnight into Friday
  • Friday 16th - telephone lines down
  • Saturday 17th - lines remain down
  • Sunday 18th - lines remain down
  • Monday 19th - black Monday

600px-Black_Monday_Dow_Jones.svg.png

Oops.

https://en.wikipedia.org/wiki/Great_storm_of_1987

https://en.wikipedia.org/wiki/Black_Monday_(1987)

And you can't mention 87J / October windstorm without this clip of Michael Fish being patronising to a woman.

 

A woman rang the BBC to say that there was a hurricane on the way.  Well if you're watching, don't worry; there isn't. xD

 

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