The right loan for investing
I’m 22 years old and so far accumalated $50,000 in my little portfolio of mutual funds, index funds, Roth IRA, and stocks. Bottom line I don’t make enough money to save as much as I want to. I see so much profit out there in the market but there’s nothing I can do.
How many times do you hear about loans be given to young teenagers to pay for their credit card or their car? What about a loan for investers?? Never thought about it, but I’m sure someone on this planet has. Where could I find such a place? It could be a great profit for lenders.
What do you think? Does anybody know where I can do this? Who I can talk to about it?
Answer:
Now, if you have a diversified portfolio and a steady income stream, you can “boost” your portfolio if you can obtain a low APR line of credit that you can invest, but are prepared to add that to your debt column in a worst case scenario. I would treat any monies borrowed in this method as part of your “mad money” segment of your portfolio to keep your investments from being overly aggressive. This will also keep you from borrowing such a large amount that would prevent you from ever being able to repay it in a worst case scenario.
You probably wouldn’t get one because you don’t have colateral, if you were to set it up as a business then some lenders may be willing to give you a business loan.
What kind of topic do you looking for?
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