I can get my hands on £10k to deposit before the weekend to take advantage of the bonus however it will cost £200 in fees to do so. I then get 10% bonus - £1000
I don’t really want to have any more money tied up long term so if I then sell off the £10k worth of purchases to recredit my account a few days later I’ll likely recoup £9700 (assuming the anticipated 2-3% drop in prices) and then a further 2% loss in sale commission = £9500.
So to cover the £500 loss and the £200 in fees to get the money in the first place, the majority of the bonus has then been swallowed up.
£300 is not to be sniffed it but is it worth it??!
I should have tried to get my hands on the money sooner and taken advantage of the Cap Appreciation / MB Divs but can’t rewind the clock.
Anybody else facing a similar dilemma?! .