12-15-2021, 07:49 PM
Is borrowing money to invest right now a good idea?
<!-- SC_OFF --><div class="md"><p>I was told by my father, and my grandfather, and and great grandfather as a child to never borrow money. Fast forward, at the age of 28 I am here asking if I should borrow money… To invest. We all at first thought of borrowing money from Schwab, Fidelity, etc to invest are timid. However, let’s say a person is in this like me for the long term. I invest in VTI (50% of my portfolio), Apple (20%), Microsoft (10%), Tesla (5%), SOXX (5%), SQ (5%), NVDA (5%). I believe in my portfolio, and I am confident I will average 15% returns year over year through 2025 and beyond. Talk me out of borrowing how much Schwab is willing to lend me ($6k)..</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Versace__01"> /u/Versace__01 </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/rh0orj/is_borrowing_money_to_invest_right_now_a_good_idea/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/rh0orj/is_borrowing_money_to_invest_right_now_a_good_idea/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I was told by my father, and my grandfather, and and great grandfather as a child to never borrow money. Fast forward, at the age of 28 I am here asking if I should borrow money… To invest. We all at first thought of borrowing money from Schwab, Fidelity, etc to invest are timid. However, let’s say a person is in this like me for the long term. I invest in VTI (50% of my portfolio), Apple (20%), Microsoft (10%), Tesla (5%), SOXX (5%), SQ (5%), NVDA (5%). I believe in my portfolio, and I am confident I will average 15% returns year over year through 2025 and beyond. Talk me out of borrowing how much Schwab is willing to lend me ($6k)..</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Versace__01"> /u/Versace__01 </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/rh0orj/is_borrowing_money_to_invest_right_now_a_good_idea/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/rh0orj/is_borrowing_money_to_invest_right_now_a_good_idea/">[comments]</a></span>Kind Regards R