I am 19 and plan on going to university in September. I am applying for a maintenance loan to cover my living expenses for each year. Here are 3 options I am considering:
1. Try to get the perfect amount of money I’ll need so I don’t have that much of an excess and hopefully not get less than necessary 😂
2. Try get the max amount and with the excess (if any) invest 50% into a cash ISA and the other 50% into something like FTSE all world and hope the interest rate on the Cash ISA and the return of the investment is greater than the interest rate on the loan
3. Similar to 2 but invest all the excess if any
I could also use stop losses to limit the amount the investment goes down by
What are people’s thoughts