Will a bank give you a line of credit to buy stocks?

[SunTrader]

If you loan me $100, you can come after all my assets to get your $100. At least assets that I have not already pledged to other creditors. I think at least haha.

Banks like to get paid backs, not go after assets.

Clearly you haven't ever dealt with a bank other than to deposit money, write checks against, and pay a credit card bill or two.

 

[SoyUnGanador]

Banks like to get paid backs, not go after assets.

Clearly you haven't ever dealt with a bank other than to deposit money, write checks against, and pay a credit card bill or two.

Yes. And they like to get paid back one way or another, including being able to go after your assets if you don't voluntarily pay them. Where are you going with this? Are you trying to answer my question? In the negative? The question is whether a bank will ever give someone a general line of credit just based on their balance sheet, when the borrowing person agrees to have full liability as to all his assets. I'm just trying to figure out if that is possible or not.

 

[SunTrader]

Yes. And they like to get paid back one way or another, including being able to go after your assets if you don't voluntarily pay them. Where are you going with this? Are you trying to answer my question? In the negative? The question is whether a bank will ever give someone a general line of credit just based on their balance sheet, when the borrowing person agrees to have full liability as to all his assets. I'm just trying to figure out if that is possible or not.

You have not been listening to all of us for some reason. Leave it at that.

 

[zdreg]

All my assets. Cars, properties, investment accounts, personal assets, etc.

Yes. And they like to get paid back one way or another, including being able to go after your assets if you don't voluntarily pay them. Where are you going with this? Are you trying to answer my question? In the negative? The question is whether a bank will ever give someone a general line of credit just based on their balance sheet, when the borrowing person agrees to have full liability as to all his assets. I'm just trying to figure out if that is possible or not.

Use of the word ever shows you are not seriously looking for an answer. Call 20 banks and ask them.

 

[deaddog]

I'm just trying to figure out if that is possible or not.

Ever think of calling your bank?

 

[SunTrader]

Topic makes me think of .... mom, why is the sky blue?

 

[zdreg]

Ever think of calling your bank?

Topic makes me think of .... mom, why is the sky blue?

No matter how the mother answers the kid has another comeback question/remark to continue the conversation.

 

[spy]

No matter how the mother answers the kid has another comeback question/remark to continue the conversation.

Obviously the question's been beaten to death at this point... Soy is just lonely and wants company, lol. I get like that too

Mom, mom, mom, mom, mom, mom, mom... but WHY!?!?

 

[Overnight]

Why is this thread still going on? The correct answer was post #2, my response. The frack.

 

[piezoe]

I still got some buying power, but if we go down much further I won't be able to put any more money in stonks. And the lower I go, the more I want to buy!

Anyone know whether a bank will loan you money if you tell them straight up you want to buy stonks with it? I'm not talking about mortgaging my house or anything. Just I want to buy money from you and not pay you back for a long time because I want to buy stocks and, while it might take awhile, I know [5] years from now they will be much, much higher. That sort of thing.

Thanks.

Banks are always happy to loan you money so long as you don't need it.