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/biz/ - Business & Finance

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23802518 No.23802518 [Reply] [Original]

>take out $1,000,000 loan with 3% interest
>put in market, 7% return
>7-3=4% gains
>profit $40,000/yr

why wouldnt this work

>> No.23802542

whos giving you a 1m loan lmao

>> No.23802596
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23802596

>>23802542
this

>> No.23802876

i just started messing with binance margins, cant do big loans but you can do small ones

>> No.23802932

>>23802518
>7% return
This isn’t happening unless you absolutely know what you’re doing; even if you did know, it’s impossible to time it so perfectly you never lose a dime. You’ll get plenty of setbacks and, before you know it, the bank liquidates your shit.

>> No.23802982

>>23802932
>Implying you wouldn’t hire a professional to handle a portfolio of that size
Managing >1m isn’t the same as trading shitcoins in your mom’s basement you fucking stupid nigger

>> No.23803204

>>23802982
a (((professional)))

>> No.23803217

>>23802982
My link stack is worth >1m$ and I'm unironically living in my parents' basement, driving my 2004 ford focus and when I'm not on /biz/ I'm playing vidya.

>> No.23803361

>>23802518
lets assume everything you've put forth. you are forgetting to include the principle in what you would have to pay back. figure a 15% return to make any profit

>> No.23803718

>>23802982
Why would that professional bother with that shit when he could be doing that for a billionaire, or himself and make even more money?

>> No.23803740

>>23803217
People like this are the future financial elite and I fucking love it.

>> No.23803768

>>23803217
based except the part where the stack is link

>> No.23803788

>>23802518
Where are you going to get a $1mil loan with 3% interest? If you find one, tell me the minimum collateral needed.

>> No.23803866

>>23802518
AKA cash out refinancing. Happens all the time and works.

>> No.23803892

>>23802542
hhmmm..... his father could give him a small loan of 1 million dollars...

>> No.23803896

>>23802518

capital gains tax lad

>> No.23803901

>>23802518
At least learn to percentage maths first.

>> No.23803921

>>23802518
literally cannot go tits up

>> No.23803936

>>23802982
Imagine falling for the active management jew

>> No.23804006

>>23803217
HOLY BASED

>> No.23804824

>>23802518
>build up stellar credit
>wait for recession
>take out 1 million dollars
>buy the bottom in blue chip stocks
>they rebound and double in a year
>pay back your loans and now you have 2 million dollars

Why wouldn't this work besides relying on a lot of factors I didn't have time to list?

>> No.23805457

>>23802518
cuz mexicans cant get loans