>take loans>buy stocks>profitwhat's the catch?
No catch at all. Keep it up.
no anon nooooo you discovered my instant money glitch
>>62177241The catch is idk how to get loans aside from my student loans which are all already invested
>stocks crash>you are forced to sell at a loss>your bag is now worth less than your initial investment>file for bankruptcy>kys
>>62177393Take another loan to pay the old loans.
>>62177241>I just learned what margin trading is
>>62177665wouldn't this be margin trading but with an extra step? Assuming you're borrowing against a personal checking account as opposed to borrowing against the value of your portfolio.
What if you can easily afford the repayments on the loan from your regular income?
>>62177806there's no risks or downsides, just do it already
>>62177665>>62177685You can't be marign called though
If you catch my drift
>>62177851That's the obvious advantage over regular margin trading and I guess one downside would be it's a less streamlined way of doing things
>>62177241You have to pay the loan every month and interest compounds higher than what you get from stocks.
>>62177973I'm waiting for interest rates to hit 3% here, at that point I'll take out equity on my house to load up on dividend funds.
>>62178024>be me >48 years old>have 700K equity in home>have 500K retirement IRAs>have no jobwhy don't I liquidate everything, take the 10% early retirement penalty and put it into ~5%~6% dividends portfolio I get ~$60K a year dividends that's my new salary I have a job nowdone.I mean the shit parts would be moving back into an apartment. Then I have to explain to some cuck apartment landlord I have no job and no plans to ever get one so there's that. maybe I rent an apartment first. also the IRAs are doing better than 5% right now so I should leave them where they are. Would I have to take the 10% penalty every year or only the first time I dump them into a dividend portfolio? You fags won't know anything I'll go ask AI kthxbai
>>62178078You can just sell your house and move to South or Central America and live a good life
>>62177241Id like to know to. Do I just go to the bank, ask for a loan of 50k so I can buy stocks, and just buy said stocks? With how hard theyre pumping, itll make more than the interest on the loan. Is there a catch Im missing as well?
>>62177495You won't get a loan if you're a brokie faggot.
>>62178078I'd say, pay off your house and never use it as a mortgage or similar and you might succeed in your early retirement.
>>62177241>what's the catch?free money glitch
>>62178078The goal is to use the home as leverage to secure low rate debt, not to sell it. Just go get a "good enough" job, keep filling your Roth IRA and retire at 60.
>>62178304I was a finance manager for 10 years, I'm applying to every analyst job I find now. It'll be paid off before I'm 60 then I just have to decide if I sell it in 11 years as another nest egg I have to figure out how to do it best in taxes, maybe transfer it to self-managed IRA and rent it out until I die instead of selling. set up a trust so my dog owns it after I'm dead
>>62177851However you need to secure your loan to the bank somehow?
>>62178343No young relatives available to rent it to for cheap, then will it to?
>>621772411.4x is fine as long as it's real dividend and not covered call.
>>62178078no need to take a penalty. look into 72t or roth conversions if you can hold out for 5 years.
