Not looking for financial advice, I'm not in this situation. Just curious of people's thought process about stuff.

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[–] 2 points 4 months ago* (4 children)

I wasn't broke but my bank offered me a stupid personal loan at about 3% interest. I took the maximum allowed at $25,000 and invested it in SPY a little over a year ago. I have two more years to pay it back. I've just been paying the minimum.

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  • [–] 1 point 4 months ago

    You might like the Smith Maneuver:

    1. Buy property with HELOC
    2. Max HELOC on dividend stock
    3. Double down on dividend stock with dividends and equity from payments on HELOC
    4. Pay off mortgage (with maxed HELOC)
    5. Sell stocks, pay off HELOC, net stock ROI & property
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  • [–] [S] 1 point 4 months ago (2 children)

    Ok, what's spy?

    Besides the obvious international intelligence gathering organization...

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