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Just think of the trust as another person. You give X $300,000. A may be kind enough to lend you $300,000 without interest, but they will only do this if you give them a second mortgage over your house and a charge over your TV, stamp collection and pet dog. You go out and buy $1,000,000...

Once you gift cash it is no longer yours. You could then borrow it back (and it still wouldn't be your money, but borrowings). The trust could take a charge over property that you acquire with the money. Even if you just borrowed the cash to gamble it would still be beneficial as if you went...

Firstly, you should consider asset protection and possible tax advantages. Gifting to a discretionary trust would be a good idea followed by a loan back to yourself or another discretionary trust for investment. It wouldn't be 100% safe in the early years, but would be good asset protection...