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 Getting PLoan for share?, Crazy or a wise move?

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W.ROOK
post Apr 26 2009, 11:28 AM

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Joined: Apr 2008
QUOTE(moonraider @ Apr 25 2009, 10:04 AM)
Hi All,

Is getting a personal loan an dumping them in CAREFULLY selected stocks & mutual funds a great idea? I've been researching and considering since the major big fall last Oct 08...

Recently, I've been doing a lil asking a round for a suitable PLoan... it seems that if i take a RM 30k loan (5-7 yrs loan tenure).. i will in the end have to pay about (lowest int) RM 44 xxx or was it RM45 xxx... anyways.. it means that i have to make a 50% profit from my 30k initial investment to cover my int.. so what do u guys think?? altho the recent rally has pushed up alot of prices... SHOULD a correction happen  rclxms.gif .. and stocks go tumbling bac to their las few months pricing  drool.gif ... u guys think its wise or only a mad man would do it...

Thank you.. icon_rolleyes.gif
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Just one word: AVOID

 

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