GET MORE DEBT RETARDS

[Anonymous No.25630546]

There is literally no reason to not get as much debt as possible. If you do not get as much debt as possible and invest it you are a retard. If you cannot break even on 10-20% APR you should just rope yourself. I just took out a $500k loan and invested it all.

[Anonymous No.25631041]

what were your terms?

[Anonymous No.25631154]

>>25630546
Been maxing out my CC's and lines of credit buying PM's and Crypto since Nov. Just told MasterCard yesterday to get fucked when they called to remind me to pay them yesterday. Courts are closed here, MC knows they can't do shit. Feels good anon.

[Anonymous No.25631199]

>>25631041
My home as collateral, has to be paid back in 6 years max.

[Anonymous No.25631282]

>>25631199
you're doing it wrong; only hold assets you're confident you can hide, and only max out unsecured debt

[Anonymous No.25631291]

>>25630546
>>25631154
>>25631199
Based. Absolutely hoping you guys make it and make it big but a little part of me nestled in the dark recesses of my psyche would love nothing more than for everything to crash and to see the sky turn red.

[Anonymous No.25631308]

>>25630546
You're either a boomer or retarded, same thing though.

[Anonymous No.25631318]

>>25630546
>invested it all
oh really? Please do tell what these "investments" are.

[Anonymous No.25631335]

>>25631199
also dunno where you are, but many places are ripe for a housing crash; don't end up underwater. I know it seems like they're simply going to inflate away all the debt, but really its much more likely they're going to crash it and use the debt levels as a means of scooping up everything on the cheap, or even worse, straight up seizing/nationalizing all property in exchange for a debt jubilee to usher in global communism

[Anonymous No.25631344]

>>25631308
debt GOOD
money GOOD
gambling GOOD
high risk, high reward
put everything on red, sell green

[Anonymous No.25631394]

>>25631335
I live in Tejas, housing is undervalued here even if there was a national housing crash prices would still go up here. Most of the value of my property is in the land anyway, I have 300 acres.

[Anonymous No.25631429]

>>25631335
ah yes, the ol' volcker trap.

[Anonymous No.25631431]

>>25630546
Thank you Mr Sheckle Nosenburg.

[Anonymous No.25631456]

who is stupid enough to gamble on credit
do not do what op said

[Anonymous No.25631460]

>>25631291
>a little part of me nestled in the dark recesses of my psyche would love nothing more than for everything to crash and to see the sky turn red.
it's okay anon, you can admit its more than a little part of you; at this point I'm all but praying for this clown world to come crashing down

[Anonymous No.25631476]

>>25631318
I throw all of my money at red stocks and then sell them when they go up. Buy low, sell high.

[Anonymous No.25631515]

>>25631394
okay fair, you hold onto that anon, but invest that coin wisely and pay that mortgage off when you've seen some gains; those acres i'm sure will eventually prove infinitely more valuable than (((Stocks)))

[Anonymous No.25631557]

>>25630546
did you take the loan money and go balls deep on LOKI by anychance?

[Anonymous No.25631615]

>>25631429
its coming, interest rates will take a sizeable leap soon
https://wolfstreet.com/2021/01/06/bond-market-smells-rat-10-year-treasury-yield-hit-1-04-highest-since-march-30-year-1-81-highest-since-february-mortgage-rates-jumped/
I'm a leaf, and I wouldn't buy real estate here; when interest rates hit 3% house prices will go down 50% here

[Anonymous No.25631712]

>>25631615
hello fellow leaf.
i'm anticipating this as well. now would be a good time to buy undeveloped land however.

[Anonymous No.25631765]

>>25631615
But Canadian housing market is in a bubble, it's not comparable.

[Anonymous No.25631869]

>>25631712
I have to disagree, I spent the summer looking for vacant land, lowest price I found was advertised at 1k an acre and it was pretty out there without any good water on the property. Put in a bid and apparently wasn't even close. Have given up on buying land, sure theres some cheap stuff 8hrs out of the cities, but I don't see any short-medium term investment opportunity in that at all. As for the citites? I know a guy who bought a vacant lot in Toronto for 5 mil in 2016; he sold it this summer for 25 mil....

[Anonymous No.25631884]

>>25631765
you should lookup what paul volcker did.
i mean, do you, but you're really playing russian roulette here.

[Anonymous No.25631911]

>>25631765
I agree anon, thats why I said hold onto that Texas acreage, you are right, and it is probably some of the only truly undervalued land on this whole continent.

[Anonymous No.25631956]

Did the same thing back in June. Personal loan for $30k @ 8.5% 1 year. Meme CPI inflation has been 1.3% so far with 7 months left to go. So I need to net 7% i.e. just hold RWX or some 10% div ticker and its free money.

[Anonymous No.25632023]

>>25631911
but also, please be careful and heed this anon's advice
>>25631884
I know 11% mortgage rates certainly left a scar on my parents risk tolerance; younger people truly have no idea

[Anonymous No.25632030]

>>25630546
I have 2 new mortgiez and $200K in credit lines. Thinking about all-in'ing low cap shitcoins like i did in 2017 and use my 180K LINK as back-up. KEK.

API3 too maybe.

[Anonymous No.25632203]

>>25631884
>you should lookup what paul volcker did
Specifically, what?

[Anonymous No.25632230]

>>25632203
Rugpulled the U.S. economy by jacking up interest rates to save the dollar.

[Anonymous No.25632267]

>>25632203
here's a little excerpt from his wikipedia page
>The monetary policies of the Federal Reserve board, led by Volcker, were widely credited with curbing the rate of inflation and expectations that inflation would continue. US inflation, which peaked at 14.8 percent in March 1980, fell below 3 percent by 1983. The Federal Reserve board led by Volcker raised the federal funds rate, which had averaged 11.2% in 1979, to a peak of 20% in June 1981. The prime rate rose to 21.5% in 1981 as well, which helped lead to the 1980–1982 recession, in which the national unemployment rate rose to over 10%.

[Anonymous No.25632320]

>>25632203
raised the fund rate. people in 1979 were doing the same shit OP is, thinking their debt would just inflate away.
then comes volcker. my grandfather was financially ruined by the double fuck of the hunt bros shorting the silver market and then the volcker fed.

[Anonymous No.25632336]

maybe after the correction

[Anonymous No.25632365]

>>25630546
I'm buying heavy into T because they have good cash flow to support the dividend and all their debt will eventually be inflated away to nothing.

[Anonymous No.25633213]

>>25631476

[Anonymous No.25633829]

Maxed my credit line to buy BTC/ETH, borrowed USDT against them to buy DOT at $9. DOT is now $10 and steadily climbing, 86 days left on the loan.

[Anonymous No.25633901]

How do people actually do this? Or small time margin/leverage trading
I looked into personal loans and the interest was like 18% P.A, fuck that. Maybe I need a better bank. I don't think my credit is bad but I still have some unpaid student debt.

[Anonymous No.25633979]

>>25633901
Get the biggest unsecured loan you possibly can, dump that shit into crypto (the right ones) and hide that shit as best you can. Interest rate doesn't mean shit if you never plan on paying it back

[Anonymous No.25634031]

>>25631154
credit cards are unsecured loans. they cant do shit whether the courts are closed or not.

[Anonymous No.25634035]

>>25633979
Can't they just garnish your wages or repo property? I don't want to live like Sam Hyde

[Anonymous No.25634098]

>>25634035
Lmfao seriously these niggas are crazy idk how they get away with this shit

[Anonymous No.25634110]

>>25634035
nigger do you not know what unsecured means

[Anonymous No.25634165]

haha why you dumb fucks always only crawl out of the woodwork in a bull market

> INVEST WHEN THE MARKET IS DOWN FOR TOP PROFIT

[Anonymous No.25634186]

>>25634035
gotta have a job to garnish wages; not much they can do to a NEET; all the money is crypto, I mean I guess they can try to repo it, after they successfully sue me in small claims court and first prove I have it.... fuck, good luck ;)

[Anonymous No.25634420]

>>25634186
It's probably smarter to pay back the loans so you can get a dope flat without cashing out to pay for it in one go.

[Anonymous No.25634579]

>>25634420
youre probably right, especially if rates stay low, but it's 75k of cc debt at this point, and I see no good reason to liquidate any crypto right now. Also I know this is my best chance to contribute to the pain of MasterCard, so at the very least those bastards are gunna have to sit tight. Also I'm a leaf, I ain't buying real estate until our stupidly big bubble pops

[Anonymous No.25635174]

>>25631869
>I know a guy who bought a vacant lot in Toronto for 5 mil in 2016; he sold it this summer for 25 mil....
Once you're rich it seems pretty easy to stay rich. Still dont understand how so many go broke from winning the lottery, not like I play it but still just how?

[Anonymous No.25635725]

>>25634035

>Repoing Sam Hyde's property

They'd be coming home in pieces.

[Anonymous No.25635735]

>>25635174
they just have no idea what to do or what they can do with that money, and short-sightedness

[Anonymous No.25635896]

>>25631765
i wish netherlands housing prices where a bubble.

just bought a home for 225k that was bought in 210 for 160k

prices jumped 10% in 4 months