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| Topic | Stock Market and Crypto General |
| Hexenherz 03/23/20 10:40:53 PM #193: | known2FAIL posted... This might sound crazy but... would it be smart for someone who doesnt have a massive amount of money in the market to... get a loan and put that money into the Market on very safe stocks? This might be a really dumb idea. I dont know Not a great idea at all - even "safe" stocks can take an unforeseeable amount of time to recover, and in the meantime they can become even worse. So you're putting someone else's money into something that could lose value and you might not be able to pay it back for a while. In the meantime, you're paying interest on the loan... Just safer to stay away from that. Invest what you feel comfortable investing with what cash you have on hand. Ultimately, you don't need a "massive amount" of money to start investing and reaping the benefits from it. You just need some money that you feel comfortable not having available for a while - in this case it could be several months to upwards of a year. And that's just if you plan on doing the basic "buy low, sell high" scheme - there are plenty of relatively safe ETFs and companies that pay decent dividends at higher rates compared to a traditional bank savings account. Those dividends now might be lower given the current circumstances, but given time if the rates go back up it might not be bad. --- FFXIV: Lucius Hexenseele (Brynhildr) | RS3: UltimaSuende . 99 WC/Fish/Cook/Fletch/Div/Mining/Smithing/Thieving/Crafting https://letterboxd.com/BMovieBro/ ... Copied to Clipboard! |
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