Re: Taking out a prosper loan to buy stocks
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Prop bet. I will not accept any bets without being offered odds. Just because I am confident in my ability does not mean I think a 1:1 bet is smart.
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The claim that was the basis for this entire idea, and you're putting $25k in borrowed money behind, isn't a 1:1 shot?
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Not at all. Do you honestly believe I am either going to have $50k or $0 at the end of 1 year? Personally, instead of betting 1k I'd rather turn that into 1.2 - 1.5k over the course of a year and not have to worry about if I will get paid or not.
Also, I am not the one who initially brought up betting, not to imply the other guy(s) weren't serious. Just saying that it wasn't my idea to begin with.
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