MagicalDonut
MagicalDonut

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?

8mo ago
3.8Kviews
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