Thoughts on taking out a large unsecured line of credit at an all in annual rate of 4.4% right now to invest into blue chip equities, only buying on red days, and trying to get low average cost bases?

like
Posting as :
works at
You are currently posting as works at

Aggressive.

like

Wait like two weeks

likesmart

Just got my line activated. My all-in rate is 3.95% with no security. I’ve seen people with higher mortgage rates😂

like

Be sure to spread your purchases out over sufficient time. Don't worry about buying at the bottom and remember that most bear markets last more than 12 months. Don't do all your buying in the first few weeks/ months

like

People always underestimate the downside in the beginning of a crisis. At the beginning of the GFC, Bernanke said it was contained and only affected a tiny fraction of the credit market, at the beginning of the Eurozone crisis, everyone said that Greece was insignificant to Europe and couldn't possibly be the source of a systemic issue. Even now, our view of the downside is dramatically different from what it was 3 weeks ago. I don't know if it will be similar in length but we definitely appear to be starting off in the exact same way.

like

Who’s providing the LOC?

like

The bank I work at. Canadian 5.

like

Bump anyone else got thoughts?

Thoughts on repayment?

The terms are ok. Going to have to pay back 1% of balance each month. Only a third of the total payment will be interest.

Have you got margin activated in your brokerage account?

I’ll look into this. I do have margin activated in my brokerage account.

I wouldn't do this unless I'm very certain of the play.

The only things that are certain are treasury bills, death, and taxes.

like

Is your job secure if the economy gets destroyed by a 6 month quarantine? I wouldn’t take out money unless your employment is secure and I definitely wouldn’t take out more than you’re capable of paying if the value of your holdings erodes by 40% and doesn’t recover in the near term

I'm also there, not ^ here. I've also doubled down with 100% of future 401k and match etc going to the Company Stock Fund. Let's buy that at ~$20 a share! Be the stock buyback you want to be!

like

Additional Posts

Top consulting firms in the aviation / urban air mobility space?

like

US fish here. Considering applying for an MBA internationally (INSEAD, LBS, HEC) as a way to pivot to working in the EU. I don’t have a visa so would need sponsorship, does this seem like it would be a possible gateway to getting to work in Europe? Or should I just try to apply for jobs instead. 2 YOE in strategy consulting

like

Has anyone here used EY Law for marriage green card? I know it’s “free” but I had a bad time with them processing my L1 visa 1.5 years. Has anyone done the GC process by themselves (ie no lawyers at all)

like

Anyone ever successfully referred an SO? I am obviously biased, but I am also not going to refer someone that is not qualified. Any suggestions as to how to ensure the referral is taken seriously?

like

Chillin in the ORD Admirals Club for 30. Thought you'd want to know.

like

All the folks out there on a visa (e.g. H1B), what are some side hustles you have to earn some extra $$. Need some extra hope today to keep at it!

like

How many client billable hours (excluding probono etc) are you supposed to be billing per month not to be fired? I range anywhere from 130 to 200 hours depending on the month.

funnylike

Why is the expense report system so shit? If it takes the average consultant 1 hour/wk, if we're billed at $500/hour (SWAG), expense time costs a firm with 10K consultants ~$250M pa...

like

I’m so confused about if business travel is really going to be frequent this fall due to the COVID cases rising….

like

Is it easier to get a FAANG offer if you’re coming from Big4/MBB?

like

Anyone have experience working at Chad Jones Law who can offer insight into firm culture, pay, benefits, etc.?

like

Any advice for how to maintain your physical health when you’re working an absurd amount of hours? *help*

likehelpful

If I travel to Mexico, do I need a covid test to return even if I’m vaccinated?

like

Are minor formatting changes at 1AM microaggressions?

like

Has anyone ever rebounded to B4 but completely new role and department? How does it work?

like

Just got a job offer (client side), and I think I’m worth at least a little more than the offer. How do I not psych myself out of trying to negotiate for ~$5k more? Afraid they’ll change their minds.

Anyone frm xm dynamic..can refer me? I have 3years of experience in insurance domain.

like

Is it actually worth getting an MBA if you already work at a big 4?

like

What's your favorite kitchen tools brand? I've about to close on my house and am looking furnishing my house. Oxo? Kitchen aid? Faberware?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the Fishbowl app

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.