I
Ishmael
Guest
Dear all,
Current Status: Home Owner with fixed mortgage and have €1,500 of post tax income available per month to service debt;
I have no other liabilities other than mortgage.
Objective: I wish to invest now in a high yield fund by borrowing monies at 8.1% and leave for 7 - 10 years.
Question: How do I obtain said funds that €1,500 can service at 8.1 % pa (ie circa €18,500) and invest immediately in a geared fund that offsets my interest payments with the dividends received from the high yielding shares ? I believe that Bloxham offer this type of fund but I am not sure of the reqs they impose on investors....
Opinions/advice much appreciated
I
Current Status: Home Owner with fixed mortgage and have €1,500 of post tax income available per month to service debt;
I have no other liabilities other than mortgage.
Objective: I wish to invest now in a high yield fund by borrowing monies at 8.1% and leave for 7 - 10 years.
Question: How do I obtain said funds that €1,500 can service at 8.1 % pa (ie circa €18,500) and invest immediately in a geared fund that offsets my interest payments with the dividends received from the high yielding shares ? I believe that Bloxham offer this type of fund but I am not sure of the reqs they impose on investors....
Opinions/advice much appreciated
I