Re: Taking out a prosper loan to buy stocks
This feels like the latest installment of "Reason #27 that the current market may be overvalued: People wish to borrow at 12% to invest in stocks based on their history of success picking stocks (1 stock)."
Sometimes good companies' stock prices stagnate for a few years. Sometimes these companies' share prices drop if there is an overall market correction. Anything can happen, and it is overly optimistic to expect 25% returns. And TIME WILL NOT TELL if this decision is foolish. You could be lucky in the next 3 years and actually make money in this scheme; it's just that the odds are overwhelmingly against you, and you will LIKELY lose money, EVEN IF you were a great stock picker.
Shoe, I don't think anyone here can support your plan. Does that give you any pause?
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