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Borrow the maximum you can and invest it. There's very little interest to pay on loans right now and has been for about 13 years now. In the meantime assets hav
by AnotherGoodName 5y ago
Borrow the maximum you can and invest it. There's very little interest to pay on loans right now and has been for about 13 years now. In the meantime assets have skyrocketed in value. Unless there's a change in policy and a crash is allowed it won't change. Put all the money into old fashion shares and housing. No need to risk it on options or anything like that.
Hindsight shows the stock market has more than doubled in 10years and interest has been at <3% for even small players in that time. Those who borrowed after the 2008 crash needn't work today. Now this is of course hindsight. But the conditions that allowed this to continue for 13 years are still ongoing which is a cause for alarm.
- pedrosorio 5y ago> Borrow the maximum you can and invest it > Unless there's a change in policy and a crash is allowed it won't change. And if a crash is allowed, declare bankruptcy, unable to get a mortgage in the foreseeable future and go back to work (with the same income, if you can), right?
- AnotherGoodName 5y agoI acknowledge the risk and the hindsight. My belief is that with so many playing this game and a precedent of too big to fail any hint at a correction will be met with even more QE to counteract it at this point. It's a gamble on policy and could go wrong but it does have some thought put into it.