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?
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.
Never ðŸ«
That’s 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.