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re: 401k loan to fund a potentially profitable investment

Posted on 6/11/13 at 11:03 am to eng08
Posted by eng08
Member since Jan 2013
5997 posts
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Posted on 6/11/13 at 11:03 am to eng08
Whiz, also look at who else is investing? If the CEO owner or whomever else runs the company is putting $ into it, then it will probably pay off.
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Posted by TheWiz
Third World, LA
Member since Aug 2007
11684 posts
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Posted on 6/11/13 at 11:08 am to eng08
quote:
If the CEO owner or whomever else runs the company

You cannot invest more than the President, 50%.
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