do NOT, I repeat, do NOT do this.

most personal loans require you to agree that you're not buying securities for it, as those loans are regulated under margin laws set by the feds.

why would you ever want to do this? if you're looking for investment experience, do a paper trading account, invest a little bit in a Roth IRA and trade stocks/ETFs, don't take out a loan to do it, you could at best make a few extra percent, at worst ruin your credit for decades.

if you don't have the money to invest without leverage, you shouldn't be in the market, period. there are better ways to make a buck.

 

When exacty did you work as a trader? The S&P returned 32.4% in 2013 and 15.8% in 2012. Not exactly rocket science obtaining a large return in those 2 years, so your 18.9% could have ocurred in a flux that may tower over returns in future years. I'm in no way saying that you only make money based off if the markets are up or not, there are derivatives or even just the basic ability to short and a plethorea of other ways, I am saying that I hope you didn't get too into yourself, assume you are god for making about a 20% return in a market upswing, and highly leverage yourself in the hopes of making more.

 

I don't work in the West or in a developed financial market. We don't have derivatives, options and swaps yet. Trading stocks here is almost purely speculative. Dangerous but not impossible to maneuver. As for the leverage, I will be careful.

 

I literally don't see a single flaw in this plan. Don't listen to some of these naysayers who are clearly acting jelly. Just make sure to keep us posted on your home run count.

Under my tutelage, you will grow from boys to men. From men into gladiators. And from gladiators into SWANSONS.
 

If your set on 'investing' do as the hedge funds do and rock a carry trade.

Still 6% is ridiculous though.

Why not do a weekend trip to US/Japan and take out that loan there?

Then use that money to buy up Aussie/NZ bonds.

Voila.

 
setarcos:

If your set on 'investing' do as the hedge funds do and rock a carry trade.

Still 6% is ridiculous though.

Why not do a weekend trip to US/Japan and take out that loan there?

Then use that money to buy up Aussie/NZ bonds.

Voila.

+1, not sure if taking out the loan is as simple as that though.

 

I suggest you take the loan than fully utilize a margin account from your broker. Only buy leveraged ETFs too. You'll either make a killing or be killed. Seems worth the risk to me...

Buy fear, sell cheer
 
crossfit55:

I suggest you take the loan than fully utilize a margin account from your broker. Only buy leveraged ETFs too. You'll either make a killing or be killed. Seems worth the risk to me...

SDOW is the way to go 3x the reverse of the Dow.

Also, OP while this is an absolutely horrible Idea at 6% a awhile ago I was able to get a ~2% loan and I put it in lending club where I've been earning ~12% a year not counting my reinvestment of payments which would bring that number much higher.

YOLO

 

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