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Re: Smokey13 post# 24020

Wednesday, 06/28/2017 1:19:23 AM

Wednesday, June 28, 2017 1:19:23 AM

Post# of 76656
I'm on the east coast with you. I saw all of the flack you caught from suggesting the 4% loan. While I am not gonna borrow money to buy shares (because I will have more to invest on Friday provided a good entry is still available, and I have an acceptable position as it is), I don't disagree with you on your position. People borrow money for frivolities all the time (vacations, extravagant cars etc.)which only incur debt and have 0 chance of providing a return. I don't consider borrowing money (especially at 4%) for an investment to be as outlandish as some would suggest. I think the key to it is to not borrow money that you can't afford to pay back, as that's where people get into trouble. I understood that you were assuming, rightfully so, that I am capable of assessing the risk and gauging my investment accordingly.
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