Use credit line to buy stocks

[Moohead]

Wahahaha!!! It's hard for me to believe that a person who gets a 100K credit card line and is seeking for advice here??!! Wahahahah...............

 

[rowenwood]

I'm amused, please elaborate.

 

[Living Large]

If you can make 18% on 10% do it. People who say "dont do this and don't do that" are poor. You got 20 or 30 good years left if your lucky and no matter how much you make or don't make, you can't take any of it with you. So get hot.

 

[Free Thinker]

Quote from Living Large:

If you can make 18% on 10% do it. People who say "dont do this and don't do that" are poor. You got 20 or 30 good years left if your lucky and no matter how much you make or don't make, you can't take any of it with you. So get hot.

sure why not. what could possibily go wrong? maybe we should ask him how it actually went.

 

[Free Thinker]

Quote from QdzResurrection:

I have 80% chance of growing the conservative portion of my investment 18% every year. Now this credit card company approved me a $100,000 credit line at 10%. Should I take money out of this line and invest in the market? How can I avoid the cash advance charge (2 to 5%?)? Noweven if I decide to use this credit line, I need to establish another line to roll on, any suggestion on a better line?

so give us a report. how did it work out?

 

[patoo]

this thread needs to get transfered to the

"whats the dumbest thing you have ever done"

thread

 

[bellman]

QdzResurrection hasn't posted since Apr 2004. That may be an answer to your question.

 

[cvds16]

Quote from QdzResurrection:

I have 80% chance of growing the conservative portion of my investment 18% every year. Now this credit card company approved me a $100,000 credit line at 10%. Should I take money out of this line and invest in the market? How can I avoid the cash advance charge (2 to 5%?)? Noweven if I decide to use this credit line, I need to establish another line to roll on, any suggestion on a better line?

you're a real moron if you really try this. I can understand toying with the idea, but that should be about it.

 

[Jack Sparrow]

A good day trader can double his money annually, if not more.

A confident and experienced trader would not even hesitate to trade on 10% credit.

The risk vs return greatly favors the wise trader.

 

[Free Thinker]

Quote from Jack Sparrow:

A good day trader can double his money annually, if not more.

A confident and experienced trader would not even hesitate to trade on 10% credit.

The risk vs return greatly favors the wise trader.

yep, but its the learning curve that gets you.