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But they are poor, with very little sense of stock value and market returns. While you might think more educates about it, they sadly dont. So they blow the m
by spoiledtechie 11y ago
But they are poor, with very little sense of stock value and market returns. While you might think more educates about it, they sadly dont. So they blow the money quickly for something they need at the time. So no, it really wasn't a good deal.
- djrogers 11y agoYeah - that's what I said, it's not a good deal for them.
- IkmoIkmo 11y agoNo, it's not a good deal for anyone. If you run the calculations at a 0% interest rate, you lose money if you take the deal. If you do it at a 5% rate you lose money, at a 10% rate you lose money, at a 20% annual interest rate you lose money. You only win if you get 23% or higher annual returns averaged over 35 years (i.e. impossible even for Warren Buffet, let alone you or me, let alone someone with a GPA of 1.x) It's NOT a good deal, not for anyone.