Hello forumites,
I am in the process of getting a loan from the lender, probably to invest in some blue chips or managed funds. Intention is holding for more than 12 months. I was wondering which option would be better:
1. Pay the investment loan interest only and claim the whole lot (interest payable) when I do my tax return
OR
2. Pay principal and interest. Down side would be not claiming more interest, I think.
Any constructive optional is appreciated.
:
thanks in advance.
I am in the process of getting a loan from the lender, probably to invest in some blue chips or managed funds. Intention is holding for more than 12 months. I was wondering which option would be better:
1. Pay the investment loan interest only and claim the whole lot (interest payable) when I do my tax return
OR
2. Pay principal and interest. Down side would be not claiming more interest, I think.
Any constructive optional is appreciated.
: thanks in advance.
