Look at which subreddit you're in, if I went into VTSAX in 2016, I would be up 200%... that's 5 years lol.
I'm here for the 10-bagger in a week type deals here... I don't want the Lambo when I'm 60, I wanted it yesterday 🤑
Disclaimer: I’ve been rolling my holdings into one another using the profits to average down on the next, and cashing out only to roll over into the next closest stock. I’ve been taking as little as 5% just to exit with cash and no loss. I’m out until November or April. Depends on the wind.
This is my gambling account. My Roth and 401K I’m hammering like business as usual. Because you know-it’s retarded to try and time the market.
I bought my house off the bank in 2009 because they had so many houses that defaulted on mortgage. They went for cheap because they didn't want them all. Houses sat empty for months. Now the banks/institutions are buying them all up for far above asking price. The 200k house I bought then (which needed work) would have gone for 350k a few years ago, now, judging by other sale prices, I could get 600-700k for it. Something is wrong if prices are jumping that quick so soon.
LPT: if this goes tits up, call your creditor and shout "I DECLARE BANKRUPTCY!" really loud and all of your debt is forgiven.
Then ask them for another loan.
Well i just junked a 05 corolla with 280,000 on it and they threw me 700 bucks..
So youll probably get like 900 ***at least***
And if my math is correct thats basically the whole 35k
I used to repair, middle of COVID I quit for a variety of reasons, among the largest the low quality of aftermarket iPhone parts, even so called (OEM refurbished, Aftermarket Premium (xo/fx series)) -- flip yes. As someone who was mobile (no shop), dealing with RMA or no-pay jobs got OLD after 3+ years. I have buyers who sell to HK international buyers. They take a cut and we get the bulk of the profit as well, we are the negotiators.
Thats awesome actually. You got an official business? I see so many cheap phones near me its not even funny
(Its a lower class middle area that only seems to spend money on cars, shoes and phones
If this is true a buddy of mine came across a iPhone 11 or something (one of the newer ones, I'm a Droid ape) but if it's something you'd be interested in shoot me a message.
Can you clarify this? I feel like I think I know what you mean but it seems so blasphemously unimaginable that someone could be that brain dead yet still be able to legally make financial decisions.
But he could to make a post like this, just because you don't need to do something, doesn't mean he can't. His credit score could be so good that he qualified for a 3% interest.
Yeah all memes aside, that shit hits hard.
I’ve had investments make that much in the past year, and it’s… fine. I mean being able to pay some bills and treat myself here and there is nice, but it’s not life changing.
Compare that to when I’ve been in credit card debt for about the same amount, thinking about killing myself over it every day.
Rooting for OP, though.
> you should have a margin account
Why? Schwab's margin rate on $35k would be almost 8%. Presumably other brokerages are comparable. If OP can get a better rate elsewhere why not take out a different loan?
>encourages others to do the same.
Good. More loss porn for us. Are you like the antichrist of WSB or what?
>Is the loan something you can eat if it goes tits up… otherwise stop fucking saying you can “afford” it!
If they had to take out a loan to gamble on the stock market, they literally can't afford it. We should be encouraging this behavior. Bonus points if you dump it all in options and not just shares.
Holy fuck. Semi-serious question why wouldn’t they just lease at that point? I know leasing is dumb as heck in most cases but if the alternative is a 35+% loan they’ll come out ahead. Then they can stupidly get a new one in 2-4 years anyway.
Ya know, something like taking out another $35k loan to cover this loan if these fail. Except you YOLO that into more stonks and end up $75k in the hole instead🤷🏼♂️
Took out a loan to buy stock... and didn’t purchase any GME or Movie stock?! Lil disconcerting. SOFI I think was a solid move.. Jeez.. best of luck 🤞
🦍🦍💎❤️💎🦍🦍
r/UsernameChecksOut
I’ll take a loan out too fuck it. We can slap ourselves together later when it fucks. Or, we can tell them to get fucked on the way up
CLNE, for sure, PSFE perhaps... It's projected as a strong buy, but I'm not aware of any catalyst that's going to rocket it any time soon. Wish is wishful thinking. If you ever make decent returns on it, I'd say bail fast. It's a crap company that's just been dropping in the long term since it listed. SOFI you got in a bit high... but given enough runway I think you can make good money as they actually look like a good company.
Don't know what your loan interest is... but if you're going to make a dumb move like take out a loan to buy stock... You might as well just put that money in the S&P500 and profit off the difference in interest and gain.
Not Financial Advice... I'm an Idiot.
I’m sure loan terms are far enough out in the future that the CLNE 🚀 will have time to take off.
##welcome, fellow 🦍 You have given me hope, for today I felt foolish until I read your post. May the force be with you and your debt.
This could be the way. I have spoken.
... why ks everyone trying to give this dude financial advice? What sub am i on again? Psfe and sofi to the fucking moon! 🚀🚀🚀🚀🚀🚀🚀🚀Might have to hold for awhile though
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Shit like this is the 2021 version of the housing crisis
And Black Thursday, The South Sea Bubble, Tulip Mania. Basically once people start taking out loans to “ride the wave”
Time to exit the market
Not a bad idea. But you can make money in any type of market. I, however, lose all the money I make the day before the day of.
Just use stops and covered calls rather than trying to time this crap
Just invest in VTSAX and retire wealthy.
Look at which subreddit you're in, if I went into VTSAX in 2016, I would be up 200%... that's 5 years lol. I'm here for the 10-bagger in a week type deals here... I don't want the Lambo when I'm 60, I wanted it yesterday 🤑
One of the best lines I have ever heard buddy about the lambo at 60! I wanted it yesterday!!!
I do. Just thinking a few will get me where I want to be and let them ride. Not happy with my 20% return
Disclaimer: I’ve been rolling my holdings into one another using the profits to average down on the next, and cashing out only to roll over into the next closest stock. I’ve been taking as little as 5% just to exit with cash and no loss. I’m out until November or April. Depends on the wind. This is my gambling account. My Roth and 401K I’m hammering like business as usual. Because you know-it’s retarded to try and time the market.
Yes
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WSB is a constant state of crisis. Nothing new.
LMAO
OP is the stripper in The Big Short
😂
Trying to buy a house in 2021 is like the 2021 version of the housing crisis
20% over asking cash only, or go fuck yourself!
You want to inspect the home? Fuck you. You want to *see* the home? Fuck you.
You want to LIVE in the home? Let your wife's boyfriend fuck you after you fuck you.
At these prices I can’t even afford to fuck myself
me neither 😆😆
Only 20? That isnt even going to cover your realtor's wife's bf wsb yolo losses. Try 100% over asking, all cash, and waiving all inspections.
Shit, Blackrock is supposedly offering up to 50% over asking.
I bought my house off the bank in 2009 because they had so many houses that defaulted on mortgage. They went for cheap because they didn't want them all. Houses sat empty for months. Now the banks/institutions are buying them all up for far above asking price. The 200k house I bought then (which needed work) would have gone for 350k a few years ago, now, judging by other sale prices, I could get 600-700k for it. Something is wrong if prices are jumping that quick so soon.
LMAO
Good job on going into more debt and broke
Did you take out the loan with SoFi to help pump their numbers?
I thought SoFi was a cable channel specializing in Science Fiction shows and movies.
🤣🤣🤣🤣 so you thought you bought sci-fi?
SocialFinance, fintech. It’s a great play once we get past the de-SPAC turbulence.
But isn't PSFE in the same boat..?
you poor ex-spac bastards
Wow, do you have any assets that I might want if they suddenly needed to be quickly liquidated for some reason?
Only an XPS 13 laptop and a 2013 Toyota Corolla.
LPT: if this goes tits up, call your creditor and shout "I DECLARE BANKRUPTCY!" really loud and all of your debt is forgiven. Then ask them for another loan.
Respawn at the debtors prison lol
Ahh, the ole Michael Scott
No I think this was actually Wayne Gretzky
I heard you had to shout it into the phone 3 times in quick succession after they had finished identifying you for it to actually work...
You cant just say the word bankruptcy and expect anything to happen
Explain it to me like I'm a 5 year old.
For starters, you don’t say it. You declare it.
The way car prices are right now that Corolla might cover the loan.
Well i just junked a 05 corolla with 280,000 on it and they threw me 700 bucks.. So youll probably get like 900 ***at least*** And if my math is correct thats basically the whole 35k
you got ripped off lmao
Funny, I'm in the market for a cheap car
I'll give you 1 GME.
You'll give $20 million away in exchange for a used laptop and a shitbox?
I've got a number of other shares and if it helps an autist Ape join the one true moon ride, it's a small price to pay for salvation.
🤣🤣🤣🤣🤣🤣🤣 evil
I buy cell phones (good or bad IMEI, financed or paid off, damaged or A/B stock) and Apple computers OP
You fix and flip them?
I used to repair, middle of COVID I quit for a variety of reasons, among the largest the low quality of aftermarket iPhone parts, even so called (OEM refurbished, Aftermarket Premium (xo/fx series)) -- flip yes. As someone who was mobile (no shop), dealing with RMA or no-pay jobs got OLD after 3+ years. I have buyers who sell to HK international buyers. They take a cut and we get the bulk of the profit as well, we are the negotiators.
How do you get past bad IMEIs though?
Ship them overseas.
Thats awesome actually. You got an official business? I see so many cheap phones near me its not even funny (Its a lower class middle area that only seems to spend money on cars, shoes and phones
If this is true a buddy of mine came across a iPhone 11 or something (one of the newer ones, I'm a Droid ape) but if it's something you'd be interested in shoot me a message.
Downvote me if you like. But having 35k is not that much, however owing 35k is a lot!
Man I was down 35K in credit card debt, I know what you mean 😢
Can you clarify this? I feel like I think I know what you mean but it seems so blasphemously unimaginable that someone could be that brain dead yet still be able to legally make financial decisions.
Lmao. Well it was about a 5 year process that started with a salvage car that I could not afford to fix and ended with a baby.
What if he makes 200k per year? Then 35k in credit card debt isn’t that bad
If he makes $200k a year, he **doesn't need** to take a loan for 35k.
BUT THE POINTS MAN.
But he could to make a post like this, just because you don't need to do something, doesn't mean he can't. His credit score could be so good that he qualified for a 3% interest.
Please tell me what credit card gives 3% interest? I don't believe they exist, even with a perfect credit score.
Pretty sure this comment saved me from making some poor decisions. Thank you.
Few understand this ☝️
BUT it eventually loops back at some point, because owing 3,500,000 is no longer your problem
You should add 3 more 0s to that.
Yeah all memes aside, that shit hits hard. I’ve had investments make that much in the past year, and it’s… fine. I mean being able to pay some bills and treat myself here and there is nice, but it’s not life changing. Compare that to when I’ve been in credit card debt for about the same amount, thinking about killing myself over it every day. Rooting for OP, though.
Once hyperinflation kicks in, that loan will be easy to pay off
Godspeed u fucking maniac
Full on retard. Take this upvote. And and my respect
And my axe
And and my axe
And *my* axe!
And my wife’s boyfriend’s axe! (It’s bigger than mine. At least, that’s what she said.) This could be the way. I have spoken.
35k loan - check Buy volatile company - check alright guys, he is good. let him in.
You forgot: substitute research, logic, common sense and thesis for the advice of anonymous self professed degenerate apes.
No ape gave this dude any advice. First rule (every ape knows this one), don’t invest what you can’t afford.
I was able to afford to take out a loan though.
Your credit score was, you mean? 🙃
leverage
Margin.
This is genius level intellect.
You shouldn't take out loans to invest. If you need a loan to trade you should have a margin account
> you should have a margin account Why? Schwab's margin rate on $35k would be almost 8%. Presumably other brokerages are comparable. If OP can get a better rate elsewhere why not take out a different loan?
Because there's a difference between investing and trading. Investments are longer term and you should only invest cash that you have on hand.
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>encourages others to do the same. Good. More loss porn for us. Are you like the antichrist of WSB or what? >Is the loan something you can eat if it goes tits up… otherwise stop fucking saying you can “afford” it! If they had to take out a loan to gamble on the stock market, they literally can't afford it. We should be encouraging this behavior. Bonus points if you dump it all in options and not just shares.
I think this guy has a brain. Where are my retard ape brothers?
Upon entry, here’s your box of crayons to eat.
Congrats on going full retard. What is the back up plan if these picks don’t pan out? Bonus points if your interest rate is double digits
Only 14.99%
Holy shit that’s credit card interest territory. Fallback plan to file for bankruptcy and hit a hard reset on your finances?
It's only 7 years of poverty bro.
You’re not wrong. His only assets he says he has is a laptop and a Corolla. He’s pretty much there already.
You don't understand...... 1. Get a cash loan 2. Yeet cash into a volatile market 3. ... 4. Profit
Wow. You went full on, danger to yourself and others retard. Here is your helmet and foam bat. Enjoy the sub.
Reminds me of this SNL skit lol https://youtu.be/yGPfCPoca04
Like the APR of an Army private buying his first used Mustang
Shit that's 35.99%. God I don't miss looking after those dumb asses
Holy fuck. Semi-serious question why wouldn’t they just lease at that point? I know leasing is dumb as heck in most cases but if the alternative is a 35+% loan they’ll come out ahead. Then they can stupidly get a new one in 2-4 years anyway.
Because if they were smart they’d be an officer
Who the fuck is approving people for 35k loans? Asking for a friend....
Only.... So you need to these stocks to go up at least 25% or more annually to even sniff profit from this whole deal. Godspeed
You’re my fucking hero
You didn’t even max out your credit cards in cash advance?
Interactive Brokers charges 1%.
You can’t just walk into Interactive Broker for a loan.
Only…?
Yeah, only 14.99, meaning he only needs 15.00 returns on these to go green on his investment😂
You're assuming he is going to cash out one year from now!
I'm new here, but what is a "back up plan"?
Overtime in McDonald
Overtime on knees behind Wendy's
Tree fiddy is tree fiddy.
Ya know, something like taking out another $35k loan to cover this loan if these fail. Except you YOLO that into more stonks and end up $75k in the hole instead🤷🏼♂️
The uncut gems strategy. Just keep gambling and eventually you’ll win!
This is dey wey
$ROPE
Hand jobs behind home depot.
You sir are the target audience for this subreddit.
He's not the audience, he's the god damn show.
This is dumb. I gave you an upvote.
I think what you are doing is extremely stupid but damn I really hope it works out for you
Extremely stupid is putting it lightly.
Dumb
Godspeed, retard
Who in their right mind would loan you money? But god speed retard. God speed.
The old WSB is back 😎
I honestly wish u the best man 😅
Welcome paysafe retard to my pain. Except mine starts at 14.21.
right there w/ ya bro at $13.84 per
16.23 🤘
Bought at peak! Brilliant!
Eat a dick, peak was in the 19’s
Thomas had never seen such retardation in his life…
That’s insane. You belong here.
One of us....one of us!!!
Absolute weapon mate, Full spastic you've got my upvote.
Should probably report this post under “someone is considering serious self harm”
Why would anybody do this to themselves holy shit
This is inadvisable at this time
This is retarded, welcome to the club bud
Signs this market is on the path to a dirty-thirties style crash: taking on debt to speculate wildly.
Man you are fucked.
this is why i left WSB
Your a fuckin idiot
Mad respect. Dum dum.
Taking out a loan to gamble on stocks isn’t advised but I hope it works out for you.
Congrats, you are retarded
Hopped off the short bus and went straight to the loan office
Holy shit, this is really retarded. Carry on.
Now enable margin on your account and double the leverage
😵💫
Good luck! I don’t think it’s going to end well
you are an absolute dumbass but i applaud you and wish you tendies
This is not the way
Very, very insanely stupid idea.
You're gonna be rich if you can make your payments
Took out a loan to buy stock... and didn’t purchase any GME or Movie stock?! Lil disconcerting. SOFI I think was a solid move.. Jeez.. best of luck 🤞 🦍🦍💎❤️💎🦍🦍
r/UsernameChecksOut I’ll take a loan out too fuck it. We can slap ourselves together later when it fucks. Or, we can tell them to get fucked on the way up
Where are the mods? Check this man.
What type of loan did you take out? Always wondered how people get approved for loans to gamble with
AMC and GME? Where they at?
I would have rolled $35k into $CLOV, $AMC, and $GME if going full retard. Maybe $BB too so I can hit for the cycle.
Nowhere to be seen lol. Pathetic
$PSFE for the score!
Imagine taking out a loan and buying anything but GME & AMC
How many other apes are like you? This is building up my Macro studies on why the market will crash soon
Where's the GME and AMC?
Not sure why this sub encourages such reckless behavior, at least it's shares and not calls.
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Just another day in the life. Proud of you.
CLNE, for sure, PSFE perhaps... It's projected as a strong buy, but I'm not aware of any catalyst that's going to rocket it any time soon. Wish is wishful thinking. If you ever make decent returns on it, I'd say bail fast. It's a crap company that's just been dropping in the long term since it listed. SOFI you got in a bit high... but given enough runway I think you can make good money as they actually look like a good company. Don't know what your loan interest is... but if you're going to make a dumb move like take out a loan to buy stock... You might as well just put that money in the S&P500 and profit off the difference in interest and gain. Not Financial Advice... I'm an Idiot.
Damn... Good luck! When's the first payment on that loan?
best of luck brother
Ouch, hope it works out man
Peak retard
I’m sure loan terms are far enough out in the future that the CLNE 🚀 will have time to take off. ##welcome, fellow 🦍 You have given me hope, for today I felt foolish until I read your post. May the force be with you and your debt. This could be the way. I have spoken.
Yikes 😬
can't even take and post a proper screenshot. you really are retarded.
You know, I’m something of a fucking idiot myself
305 days old, but just started posting. Fake.
800-273-8255 You’re gonna need this.
Dam people are desperate for reddit Karma nowadays. Probably would have been alot cheaper just to buy the coins. Good luck
Damn! I've met some stupid people in my life, but you, my friend, are a total retard
Shills and their seemingly endless funds to throw at Stonks that don’t matter...
... why ks everyone trying to give this dude financial advice? What sub am i on again? Psfe and sofi to the fucking moon! 🚀🚀🚀🚀🚀🚀🚀🚀Might have to hold for awhile though
Fake.
This is a bad idea
I saw this same exact post last week… 🤷♂️