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A comment on Ask HN: Are you a millionaire? If so, how'd you get there?. Parent comment

Re:Ask HN: Are you a millionaire? If so, how'd you get there? by forthefuture on Saturday September 02, 2017 @11:16PM (#15159504)
Are those numbers ball parked or just for example?

The average car loan has a 4% interest rate[1], and the average bank gives a paltry 0.06% interest rate[2].

I agree that if you can make a higher return investment than the rate on your debt, that's certainly profitable. I just disagree that it can be done so passively, at least today.

[1] https://www.valuepenguin.com/auto-loans/average-auto-loan-in...

[2] https://www.valuepenguin.com/banking/average-bank-interest-r...

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Re:Ask HN: Are you a millionaire? If so, how'd you get there? by simonsarris on Saturday September 02, 2017 @11:30PM (#15159535)
When I bought a car in 2014 I got a 0.69% interest rate from USAA and kept the "car cash" in Target stock (see the dividend) instead. It worked out nicely.
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Re:Ask HN: Are you a millionaire? If so, how'd you get there? by otp124 on Sunday September 03, 2017 @11:06AM (#15161781)
How did that work out nicely? Target's stock price is lower today than it was in August 2014. And it has underperformed the market index.
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