On 24/10/2016 12:40, Rod Speed wrote:


"GB" wrote in message
...
On 24/10/2016 11:38, Rod Speed wrote:
GB wrote
Simon Mason wrote

Just paid £5000 for a cruise to NYC in 2018 and shoved it onto a 48
month interest free card while my cash makes 7.7% in BP share
dividends. If you have a 5* credit rating, there are no end of credit
cards that are clamouring for your paltry £17 transfer fee even if
they don't actually make a penny in interest.

So, you have in effect borrowed £5k interest free for 4 years to
invest in BP shares. That's a pretty high risk strategy. High risk =
you will make lots of money some of the time and lose lots other times.

Not a high risk if you believe BP is a viable operation and presumably
he does.

That's not a very sensible definition of risk, is it?

No one said it was a definition of risk.

Sure, there is SOME risk of BP being involved in something very
stupid like that deep sea drilling rig blowout preventer ****up,
but the risk isnt really all that great.

There is some non-negligible risk that BP's shares could end the 4
years with no value,

There isnt even the remotest possibility of that happening.

whilst the OP still owes £5k. There's a rather higher risk the shares
could be worth say half of the debt,

BULL****.

and so on.

Of course, this needs to be viewed in the context of the OP's overall
finances. He could probably repay the £5k from other assets.

However you look at it, it's not free money.

It clearly is free money. It isnt risk free money and he never said it was.

Well, at least people won't die from this bit of your nonsense.