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A comment on UK: Food inflation rises to 18.2% as it hits highest rate in over 45 years. Parent comment

Re:UK: Food inflation rises to 18.2% as it hits highest rate... by ChuckNorris89 on Friday March 24, 2023 @04:48PM (#35295246)
>A big loan is a big risk.

Big risk are if you use that big loan to start a new business, but not if you dump it all on stocks and desirable real estate in hot or future hot areas.

[ Parent | on HN ]
Re:UK: Food inflation rises to 18.2% as it hits highest rate... by DeathArrow on Friday March 24, 2023 @05:43PM (#35296041)
Buying stock with borrowed money is a terrible idea. You can go under real fast.

Buying real estate seems sound only because real estate has some good returns last years. But real estate can go down real fast like in 2008.

Many people gambled money, be it stock, real estate, crypto. Some got very rich, some didn't, some went bankrupt, some will.

I don't believe in speculation and gambling. The market can always can catch you on the wrong foot.

I believe in hard work, well invested thoughts and patience. The results might not spectacular but I rather construct my future than gamble it.

For every new billionaire who got lucky there are 100 new beggars who had bad luck.

[ Parent | on HN ]