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Literally nobody? My younger brother went to a state college during a time where he qualified for a ~3.4% loan from the government. I told him to take his tim
by treyfitty 9y ago
Literally nobody? My younger brother went to a state college during a time where he qualified for a ~3.4% loan from the government. I told him to take his time paying (for now), because a no-load passive index fund will yield higher than that. The past 3 years have been tremendous in terms of returns. He essentially used his student loans to net 12-18%. When family members caught wind of this, they told him it's not the best move, and our father paid off his loans.
So. No. Not literally nobody.
- justin66 9y agoUsing student loans as a form of leverage to invest in the stock market isn't new, so yeah, not "literally nobody." Point taken I guess. It's just such a shockingly bad idea. We went from the topic of the average kid's inability to gauge the future value of their degree to the topic of the average kid's ability to predict the stock market well enough that using leverage to invest makes sense.