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A comment on Life at the Margin: How I got $25,000 in debt. Parent comment

Re:Life at the Margin: How I got $25,000 in debt by mlinhares on Wednesday August 02, 2023 @11:01PM (#36980857)
It’s really hard to continue reading it after “a lot saved in stocks” as if that value is fixed and won’t just disappear completely in a market crash or downturn.

This text is a pretty good example of the “smooth seas don’t make skillful sailors”.

[ Parent | on HN ]
Re:Life at the Margin: How I got $25,000 in debt by nocoiner on Wednesday August 02, 2023 @11:06PM (#36980878)
It’s like how there’s literally a whole generation of financial professionals who had never been through a rate hike. Gather round, VPs, time to learn about the real world.
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Re:Life at the Margin: How I got $25,000 in debt by ghaff on Thursday August 03, 2023 @12:18AM (#36981311)
At various times I’ve seen a whole lot of people arguing for taking out HELOCs and buying stock with it. Which works sometimes until it doesn’t.
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Re:Life at the Margin: How I got $25,000 in debt by mlinhares on Thursday August 03, 2023 @10:18AM (#36986304)
I've a friend that did that and got completely fucked because he was stock picking on Robinhood with the HELOC money. It worked for 2020 and 2021, once 2022 rolled around he learned he wasn't smart, just lucky.
[ Parent | on HN ]