Re:In Germany, 27 are in 'preventive detention' b/c they mig...
by onetimeuse92304 on Monday September 11, 2023 @05:36PM
(#37474055)
First of all, buying a car so that you can drive your ass around is very different from sticking those borrowed money into an index.
Second, there exists no index fund that can reliably return 5%. Borrowing money to put it in a financial instrument is called leverage and is a quick way to get poor, not rich (and I know a bit about it because I work with financial risk for a pretty large, well known bank).
Third, the act of taking debt changes how people think. I also know something about it because for large part of my life I had a lot of debt. Wonderful things happened to me after I paid it all.
Second, there exists no index fund that can reliably return 5%. Borrowing money to put it in a financial instrument is called leverage and is a quick way to get poor, not rich (and I know a bit about it because I work with financial risk for a pretty large, well known bank).
Third, the act of taking debt changes how people think. I also know something about it because for large part of my life I had a lot of debt. Wonderful things happened to me after I paid it all.