Re: Taking out a prosper loan to buy stocks
[ QUOTE ]
But I only need a 6% return to break even on my 12% loan. See my original post in this thread. Ok, that is not counting taxes. After taxes, I need an 8-10% return to break even on my 12% loan, depending on if I pay my 15% long-term captial gains tax or short-term ordinary income tax.
[/ QUOTE ]
so what if you break even or even beat it by a small margin. The point is you'll be making close to nada while taking a lot of risk. Why even post if your not going to listen to ppl with more experience. gbye.
|