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If you had the chance tomorrow of choosing between 1 million Avios and £10K in cold hard cash
What are you taking?
10k cash, in the stock market. Never hoard more Avios than you need — far too risky
10K, a million points is easy enough to earn and difficult (ish) to redeem. £10k cash takes effort to earn and can be spent very easily – wiseley invested, compounding will be your friend, points will devalue over time.
Cash is king.
Cash cash cash
Cash.
If you had the chance tomorrow of choosing between 1 million Avios and £10K in cold hard cash
What are you taking?
Are you offering? Cash please
a million points is easy enough to earn
Without manufactured spend? Or are you just givin it the biggun cos internet?
Though to be fair you didn’t specify a timeframe.
Take out 27 life insurance policies every year, apparently.
Could I have half cash and half avios? I’m a natural hedger.
Tomorrow, it would be the cash.
But this time next year, if I’m allowed to spend some time planning and to check for availability before choosing, I might pick the avios.
I’d have the million Avios. You can get £10k’s worth of Business class seats without trying very hard and a million Avios would certainly translate to a lot more travel than £10k cash would.
Well for £10K you can boost more than a million Avios. Would take four years subject to the annual limit and sufficient earnings to cover it, but as always points are only of value if you have a plan to use them and most people would take some time to burn through that many.
Take out 27 life insurance policies every year, apparently.
Channelling BJ I see.
Well done.And well done for spotting the reference – I must be getting jaded as it just sounded too much like hard work, even to get avios at 0.2p!
Take out 27 life insurance policies every year, apparently.
Channelling BJ I see.
Well done.Don’t forger to insure the pets.
Depends.
If time strapped and have very restricted dates then Cash. Also harder to get 4 tickets than 2
If you are flexible it depends where you want to go to. You can look at Robs table some destinations are very good avios per mile and pound.
Take cape town, where I go. Cash ticket circa £4k minimum
If you have 241 you can get 8 return for million, £32k for a million avios plus £4 k cost , inc Amex fees . £18k plus for avios. Worth the risk.
No 241 can only only 4 returns, £16k worth , £1.5 cost . Avios only £4.5k ahead and a lot of uncertainty. I’d question it.
The only other circumstance very avios very valuable, if you do a lot of one ways, as one way can be expensive.
Don’t forger to insure the pets
Is that a typo or a great pun or advice?
Don’t forger to insure the pets
Is that a typo or a great pun or advice?
There was a time, because of a points offer, where people bought cheap pet insurance as the points generated was worth more than the cost of the policy.
Some of those pets may have been imaginary.
Emotional support pets?
This is from today’s chat!
Spent the time waiting for the 6am -7am Sainsbury’s delivery slot calculating how many life insurance policies I need to take out in order to carry out BJ’s eccentric suggestion for getting to Bangkok for £600.
Eventually realised I’ve got less friends and family than the requisite number of policies.Which was quite annoying, but not as annoying as finding my chocolate eclairs crushed by the 2kg bag of Maris Pipers that had been thrown on top of them in the basket.
I had been really looking forward to the eclairs.
They came with a bonus 20 nectar points.
@BJ how many replacement chocolate eclairs do I need to order for friends and family in order to get to South East Asia?Just make them up. You are just buying cheap points
We have had several imaginary cats for the pet insurance deals. Sadly they always die after 5 monthsDon’t forger to insure the pets
Is that a typo or a great pun or advice?
There was a time, because of a points offer, where people bought cheap pet insurance as the points generated was worth more than the cost of the policy.
Some of those pets may have been imaginary.
You missed your own typo!
When did I last run out of Avios? I don’t think I have.
When did I last run out of money? Pretty frequently, including now.
On that basis the smart move for me would be the money. Having said that, Avios would be used more “aspirationally” than money in my pocket… so perhaps for a better quality of life boost I should take the miles instead.
As an Avios subscriber on the original plan I’d take the cash and invest it then spend £1,789 a year over 5 years to buy 1m Avios and spend them as I go to manage the devaluation risk. After 5 years I’d have just over £1k plus investment gain left.
In the immortal words of BA – and they weren’t kidding –
“Show us the money”.
Right back at you, BA 🙂
As an Avios subscriber on the original plan I’d take the cash and invest it then spend £1,789 a year over 5 years to buy 1m Avios and spend them as I go to manage the devaluation risk. After 5 years I’d have just over £1k plus investment gain left.
Bold of you to think there’d be any value of Avios in 5 years time. But I hope so!
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