Taking Loan against property to invest in stock
I was thinking to leverage my parents home and take out chunky 1 cr @8.6% with premise to make 15%+ in direct equity and mfs. Asset belong to my parents with some contribution from me. I feel this is a relatively low cost capital way to get initial corpus and in long run gains will payback principal. I am earning well enough to payback 0.5-1 lpm worth of emis annually Does this sound as a wise plan?
TheOatmeal
Stealth
3 months ago
Bhai, this is vinaash kaale viprit buddhi. Please avoid this thought.
steppenwolf
Stealth
3 months ago
Never a good idea unless you have absolute skin in the game.
Start with 5-10L. If you cannot make money on this capital over time let's say 2 years. Certainly you won't be able to do it with crores.
Soros
Stealth
3 months ago
What about mutual funds?
The world will get to know about your greed and in turn the returns won't be the same. The universe has its own way of working. Happy learning
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Mohi
Student
3 months ago
Never š«
Mohmaya
Stealth
3 months ago
Thatās a dumb idea!
Promise to make 15%, How? Looks like another person who will cry after losing in crores!!!
Like in every other area of life, you begin with an end in mind - End of the worst kind.
So ask yourself this question: If you lose your 1 CR tomorrow, would you and your parents live the same kind of life you live today ?
Good luck.
Supreme_leader
Stealth
3 months ago
Try it out - if you want to be wealthy, you have to take risks. Dm me - I'll share my thoughts on where to invest
randombug
Stealth
3 months ago
Talk with someone who is has invested in equities long enough to see several up and down cycles. The newbies who have only seen the bull run after covid are not the right set of people to take/follow in investment advice. Take loan only if you are mentally okay with seeing investment value go down 25-50% in any market downturn, worst case you might not even see any gains for several years
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