Great deal on a loan? - BaldTruthTalk.com
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  1. #1
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    Question Great deal on a loan?

    One of the benefits of attending the Air Force Academy is that I can get a $35,000 loan from the government at a very low rate of interest (less than 1.5%) at the end of my junior year. At that time I will be 21 years old.

    Should I take the loan and invest it aggressively? The interest rate is lower than the historic rate of inflation, so the odds are good that I will make money on the deal.

    However, I am leery of investing borrowed money. There is no obligation to take the loan.

    Is the opportunity to profit worth the risk?

    Please explain what you would do, and why.

  2. #2
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    Quote Originally Posted by TheLaughingCow View Post
    One of the benefits of attending the Air Force Academy is that I can get a $35,000 loan from the government at a very low rate of interest (less than 1.5%) at the end of my junior year. At that time I will be 21 years old.

    Should I take the loan and invest it aggressively? The interest rate is lower than the historic rate of inflation, so the odds are good that I will make money on the deal.

    However, I am leery of investing borrowed money. There is no obligation to take the loan.

    Is the opportunity to profit worth the risk?

    Please explain what you would do, and why.
    Well mathematically it makes a lot of sense, but first of all you need to figure out what you'd want to invest the money in.

    Obviously you need to make sure your rate of return on the investment is higher than the 1.5% you're paying... and I'm sure you knew that.

    That is very low. I would try to invest in a very diversified, safe portfolio. The market is doing ok so even investing in a index is ok I would say.

    How far away in time is Junior year? In other words when do you need to pay it back?

    If possible I would try to borrow 5K to start with and then if it goes well try borrowing more, why not.

  3. #3
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    But do make sure you know what you want to invest in before doing anything, which means figuring out a target rate of return on your money and an acceptable level of risk you want to take.

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    In general this sounds like a bad idea to me. While I can understand the logic behind it, you're drastically increasing the amount of risk that you are exposing yourself to with a strategy like this. Investing $20,000 that you have is much different than investing $20,000 that you borrowed. Unless you are confident on a high rate of return over an extended period you are asking for trouble here. Keep in mind also that you need to make payments on this loan over its life so you are also increasing your expenses in the hope of making money on a non-guaranteed investment. Right now, a retarded monkey could blindly invest in the stock market and do better than 1.5% but I don't feel like this will continue much longer. Even if you return 10% on this money, your upside profit is only $2,000 minus the interest and your liability is the full $20,000. That doesn't sound like a good deal to me personally. It really boils down to how confident you are that you can significantly outperform the loan rate and how much risk you are willing to accept.

  5. #5
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    I'm not an expert, but I know a little about balconies and loggias. I'm not an expert, but I know a little about balconies and loggias. I'm not sure, but it seems to me that giving away money to any company, be it a bank or a private company, in any case comes to get some percentage of your money, and if you don't want to live on a mattress with dollars, you will pay to a reliable Swiss bank a certain amount of money, besides, in case of delay, you haven't the most favorable conditions.

  6. #6
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    Before you make a loan, calculate the possible risks. What is your income? What are your monthly expenses? How much will you have to pay on the loan? It's all important. Unfortunately, I found out about it after I had problems with the repayment of the loan. Now I've contacted Debt Quest USA for help in negotiating a debt settlement https://debtquest.com/options/debt-settlement/
    really hope for their help and the reduction of my debt obligations

  7. #7
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    I would risk. If you feel likt it might bring some profit - do it. Find a good loan option first of all - compare interest rate % to choose the lowest one. You also may consider applying for a cash advance which can save your time. I haven't tried loans from the government but it can be as additional option tho.

  8. #8
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    Quote Originally Posted by TheLaughingCow View Post
    One of the benefits of attending the Air Force Academy is that I can get a $35,000 loan from the government at a very low rate of interest (less than 1.5%) at the end of my junior year. At that time I will be 21 years old.
    Should I take the loan and invest it aggressively? The interest rate is lower than free spins fontemutante.com play casino online the historic rate of inflation, so the odds are good that I will make money on the deal.
    However, I am leery of investing borrowed money. There is no obligation to take the loan.
    Is the opportunity to profit worth the risk?
    Please explain what you would do, and why.
    I would do it. You can invest these money and get minimum 7% profit every year. Stocks, business, obligations, there are a lot of variations.

  9. #9
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    This is a really good offer. I think you need to think about where you are investing this money or what kind of property you can buy. It will also be good if you can calculate in advance how you will be able to repay this loan. Although the percentage is really small, it's always difficult to repay debts. Last year I got into an unpleasant situation with the bank. I ended up in the hospital and missed several payments on my loan. The bank wanted to take my house, but I received advice from a good economist, who told me to refinance my debt to the bank and get a loan from a more loyal company to clients. I filled out an online application on site Maybe Loan here https://maybeloan.com/ and got a loan on more favorable terms for me. Although the percentage of this company is higher than that of the bank, due to the fact that the total ammount of my new loan was less and distributed over a year, I was able to pay off this debt without feeling any particular discomfort for my budget.

  10. #10
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    I recently made myself a debit card on rushcard and immediately after a week of use, the card was blocked. I immediately found the customer service on rushcard customer service and they helped me restore my card in their office. It turned out that hackers wanted to hack me

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