>get 100k loan from bank
>live off the dividends, never spend the initial
>save every penny for 10 years
>repay bank, you are now rich and never had to work
any chinks in this scheme Ive concocted? what could go wrong?
>>3171010
everything
>>3171010
>buying in the stock market at ATH
>./stockmarketcrash.sh
Buy high sell low. Never change /biz/.
>>3171010
>Work hard for two years and save every penny.
>Save 100k and do the same thing.
>Don't have to pay back anybody.
This is harder than it seems though. Also the dividends off 100k would only be like 6-8 thousand a year.
>>3171010
sounds like you have no clue what you are talking about..
Loan interest rates are virtually always higher than your gains will be... also loan interest rates can go up..
Further a bank is not going to give you 100K out of the blue without any guarantees. You need property for example ( in case you don't pay back your loan the bank sells your house)
>>3171010
>interest
>>3171057
I just recently got fired, and theres no way Im getting any job offers anytime soon
>Living off dividens from a 100k investment
>>3171010
OP. To make any money you'd have to earn more in realized returns than the interest rate. And lets be honest, your credit score sucks. I don't think you can earn more than 9% through passive investing. You'll lose money.
>>3171010
Nigger just how much dividend do you think you can get from a 100k investment?
>>3171068
would they accept other forms of collateral?
I have a vintage black americana collection
>>3171010
The loan interest will be higher than your saving interest. So you'll be losing 7% while gaining 1%.
Dumb stupid frogposter
Nice, just loaned 100k!
>>3171010
How the fuck do you plan to buy stocks yet "never spend the initial"? Seriously.
Do you understand that buying stocks is trading money for equity?
>>3171010
Just scam some stupid crypto lenders on BTCJam OP
>>3171010
If you could get a loan of at least 300K at a low interest like 2% or less it could work.. that would leave you on average 15k (7% - paying 2% bank interest) for living expenses. This is too good and won't happen. Never take out a loan for investments you have no control over. You would kys OP, don't do it.
>>3171110
kek good luck getting a loan
>get 1k
>turn it into 300k with massive crypto gains
>put it in DCR and stake it, or put it in NEO and earn GAS
>live on passive income
>>3173222
>staking a coin that isn't IO Coin
>>3173222
With ARK 300k would probably get you around 1k per month also. In current prices.
>>3172919
go on
>>3171010
>Borrow billions of dollars at 0.1% from the Fed
>Make 0.2% profit
Congratulations, you have discovered how capitalism works in the United States in the current year.