LogFAQs > #962962281

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Topic	Stock Topic 36
Zachnorn 02/25/22 1:29:19 PM #69:	red sox 777 posted... If your margin loan has higher interest than your high yield savings account, it may make sense to use your money to invest rather than margin. I'm working on transferring money around accounts because TD Ameritrade costs stupid amounts of money for margin loans. 9.5%? That's almost a credit card. But it's good to have as an option for when I want to buy something now and just need the time to move cash. My savings account is 1%, but I do see some accounts elsewhere with 3 or 4% interest. I can borrow from one of my brokerages at 2%. Tempting to go into debt to collect interest from banks. red sox 777 posted... FWIW I'm quite bearish on California real estate. It's at the point where everyone complains about how unaffordable it is as is, and with higher interest rates coming, it's really going to be unaffordable to buy soon unless prices drop. So, prices may actually drop. I was looking on Zillow recently and found that the prices not only have gone up, but so have the rates and now I'm priced out. Am I really going to pay $2,500 a month for a 600 square foot condo? I don't think I can comfortably afford that on a 70k income. I don't think I want to pay that on a 70k income. It's ridiculous. At this point, I'm trying to build up my assets so I can sell them later so I don't have to borrow as much for when prices do fall. I'm keeping some cash set aside as well but I'm thinking about investing it all, emergency fund aside (though do I need one if I can borrow at 2%?). --- <D <cite>Zachnorn posted [p:962962281] in Stock Topi... [t:79900364]...</cite> <quote>red sox 777 posted... </cite> <quote>If your margin loan has higher interest than your high yield savings account, it may make sense to use your money to invest rather than margin.</quote>I'm working on transferring money around accounts because TD Ameritrade costs stupid amounts of money for margin loans. 9.5%? That's almost a credit card. But it's good to have as an option for when I want to buy something now and just need the time to move cash. My savings account is 1%, but I do see some accounts elsewhere with 3 or 4% interest. I can borrow from one of my brokerages at 2%. Tempting to go into debt to collect interest from banks. red sox 777 posted... </cite> <quote>FWIW I'm quite bearish on California real estate. It's at the point where everyone complains about how unaffordable it is as is, and with higher interest rates coming, it's really going to be unaffordable to buy soon unless prices drop. So, prices may actually drop.</quote> I was looking on Zillow recently and found that the prices not only have gone up, but so have the rates and now I'm priced out. Am I really going to pay $2,500 a month for a 600 square foot condo? I don't think I can comfortably afford that on a 70k income. I don't think I want to pay that on a 70k income. It's ridiculous. At this point, I'm trying to build up my assets so I can sell them later so I don't have to borrow as much for when prices do fall. I'm keeping some cash set aside as well but I'm thinking about investing it all, emergency fund aside (though do I need one if I can borrow at 2%?). --- <D</quote> ... Copied to Clipboard!
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