betyerbottomdollar
169 posts
msg #59323
- Ignore betyerbottomdollar |
1/28/2008 11:10:35 AM
Have you guys ever found such a "sure" bet that you thought about taking out a loan to invest it in a higher return?
I am in that situation now...if you could get a loan charging 6-8% interest and invest it in a rock-solid sumpthin that pays 12%, would you? It sounds too good to be true but I can find no fault in it. What do you guys think?
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nikoschopen
2,824 posts
msg #59324
- Ignore nikoschopen |
1/28/2008 11:47:51 AM
Anything that looks or sounds too good to be true is usually a scam. But then hindsight always proves to be 20/20.
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TheRumpledOne
6,407 posts
msg #59326
- Ignore TheRumpledOne |
1/28/2008 3:16:02 PM
If you want to make money you must learn to think for yourself AND take action.
Forget about others' opinions... chances are you are NOT asking people who have the knowledge you seek.
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drew9
171 posts
msg #59330
- Ignore drew9 |
1/28/2008 6:02:10 PM
Many Preferred Stocks are paying that now and are very solid. This is really no different than trading long term using your Broker Margin account. Nothing is rock solid but if the risk / reward makes sense than do it. However, since you are worried, just make sure these are not funds that you need for maintaining your lifestyle and you have the ability to repay the loan.
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betyerbottomdollar
169 posts
msg #59338
- Ignore betyerbottomdollar |
1/29/2008 4:17:32 AM
its cd that matures every 3 months. yowza!
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chetron
2,817 posts
msg #59342
- Ignore chetron |
1/29/2008 9:13:51 AM
must be a foreign currency cd
i have heard of them.
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betyerbottomdollar
169 posts
msg #59344
- Ignore betyerbottomdollar |
1/29/2008 10:08:29 AM
yup yup. It's hedging against the dollar and gaining 12% apy. Sounds pretty good with the fed cutting rates like truants cutting class.
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