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re: Student loans
Posted on 3/6/12 at 3:28 pm to Cold Pizza
Posted on 3/6/12 at 3:28 pm to Cold Pizza
quote:
My mom (no pics) wanted me to max out my Stafford and Perkins loans (deferred interst) and put that money in the stock market. After college when the interest started accruing I could cash out and pay them off or just make the payments as they came.
i was very tempted to do this several times but apparently its illegal to use student loans for this purpose
obviously it'd be hard to track, but i was too puss to chance it
it makes it worse that i may or may not have had some inside info on a smaller company's stock that has since gone up 6 times in value (split twice)
0
Posted on 3/6/12 at 3:49 pm to Cold Cous Cous
The stock market was returning 15-20% at that time IIRC, so the payoff was there. Say you lost half of it; would would still only be half as bad off as the rest of the dumbasses who loaded up.
Posted on 3/6/12 at 4:24 pm to sowbugg
I wish I would've read this thread when I was 17. 
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