A.I.M. Users Bulletin Board

[Neil Scott]

Spend or save.

One of the things I looked at while deciding what to do with some cash buildup in my personal account was what returns I was getting on funds.
Reserve Bank interest rates have risen again last week to 7.25%, my bank is probably giving me 6.25% on my online account.
I have a margin account that I'd prepaid interest on at 8.8% last year and the variable rate is now over 10% so it made sense to shift funds from the savings side to the loan side of the books to boost returns by another 4%.
Now I should have no interest payments due until June of this year when I may reduce the loan again.
If you can't guarantee a return on your stocks at least you can on you once area of the portfolio.

Regards

Neil