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

Sprout said:
Better to buy crypto with credit and convert to USD - requires much less in interest payments to service the debt since crypto is not considered cash. You also have a revolving window by which to game payments.

I did the whole cc shuffle with creative financing of RE. It works better in a macro bull than the current macro environment.

It’s a house of cards that requires ocd diligence else the whole thing comes crashing down when a 30day late is posted. All your other creditors can use that account to change terms on you.

CC’s are like a table saw. Great tool that can be used effectively and safely yet can claim fingers/hands if one’s attention lapses.

If you have good credit get the higher limit cards. SoFi, Discover, et al are generous with the credit limits on new accounts - subreddit cRedit is a good source to play the CC game.
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If he is going to gamble, better go all in. I agree.

Losing at trading? No worries, buy crypto on your credit card. Gamble like a champ!
 
I am sure anyone with a decent amount of net worth that has an established relationship with a relationship banker could get a revolving line of credit at a decent rate to do with it as they please. It would be secured by the assets you already have with the bank.

That is hugely different than cold calling banks to ask for an unsecured loan to trade stocks. "We will run it by risk management" and then delete your number hoping you don't call back. If you call back it will just get escalated up and up until you stop calling.
 
nrstrader said:
I am sure anyone with a decent amount of net worth that has an established relationship with a relationship banker could get a revolving line of credit at a decent rate to do with it as they please. It would be secured by the assets you already have with the bank.

That is hugely different than cold calling banks to ask for an unsecured loan to trade stocks. "We will run it by risk management" and then delete your number hoping you don't call back. If you call back it will just get escalated up and up until you stop calling.
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That's a private bank style relationship - where they tailor collateral agreements for you. I would wager that's a 100MM+ relationship.
 
BMK said:
Yes, you spoke of secured loans, and I overlooked that. But in the original post, the guy said "I'm not talking about mortgaging my house or anything."

He doesn't want to put his house up as a collateral, as you suggested. The OP is talking about an unsecured loan.
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He wants to put his collection of classic cars and art as collateral obviously.
 
If you were running a marathon and had a stone in your shoe in the first mile would you wait to mile 26 to take it out?
 
newwurldmn said:
That's a private bank style relationship - where they tailor collateral agreements for you. I would wager that's a 100MM+ relationship.
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%%
THAT;
or a Community Bank Relationship. But Mr SoyuGandor was honest enough to mention it was for stocks /long term. Plenty of corporations get a revolving line of credit; how many stock traders get that, which is the question??
Of course anyone may get a passbook loan [secured by assets in that bank].
So cccc= character/ collateral/ /conditions /capacity to pay. Banks dont typically loan long term on stocks/LOL; but anything is possible.
But stock brokers do that with margin calls/Fed regulated :caution::caution:
IBD says look @ both sides of the trade;
since banks make money off interest +being paid back on time.
WONDER why they dont like to loan on stocks generally:
well they have looked a price data/charts also+ easy for stocks to be bad collateral.:cool::cool:
 
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