/biz/ - Business & Finance

>>20894657
>it’s created the sick society we live
Consider suicide fren, debt is one of the best tools you have available to you, and credit is easily obtainable, which is wonderful if you know how to use it. Lots of real estate fags operate on debt(insinuating a bubble), they take slightly more in rent they they do in interest, of which you can make a similar comparison to student loans. Debt is a great tool primarily for liquidity, I have a lot of money tied up in PMs and hard assets, so the value is there, but the liquidity is not. I can instead take out leverage that is covered by my assets, with a slight interest I find negligible compared to the expected yields I would expect. There is always risk btw, even perceived low risk assets may carry a higher risk than you might expect in dire circumstances(ex savers during bank runs).

How old were you when you purchased your first stock?

For me it was 12 when I convinced my dad to open up a custodial account, bought some penny solar companies that near doubled(started with $500). I am 23 as of now with around 30k now, stupidly used my crypto gains to pay off my student loans.