Posts  / #POST-203613
REDDIT

taking a loan at 7% for a year to buy stocks now is this a good idea?

I
Mar 24, 2025 · 12:51

right now I'm low on cash I have some money in crypto and the rest I have in cash I want to buy into the S&P500 and I will but in a lot of cash, right now I see this as a great chance to buy stocks for cheap and especially with all the Trump stuff it can be a chance to get more stocks for cheap and hold it for the next 10 years

Im low on money right now and I dont want to miss out on this opportunity to get cheap stocks

and if it dips I will buy even more, the payments will be 30% of income, I spend 20% and I will have saved 50% which I can invest and for the future and I have an emergency fund that can sustain me for 3 months

basically I see this as a great chance to get financially comfortable long term (10+ years)

but my salary isn't enough I just live really really cheap which is how Im able to do that

also 22m male