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Started By
Message
Borrowing money to invest
Posted on 2/18/14 at 8:16 pm
Posted on 2/18/14 at 8:16 pm
Has anyone on here ever borrowed money from a family member to invest?
10
Posted on 2/18/14 at 8:25 pm to will1883
No, but learn to be emotionally cold if you do this. As in, you don't care if family members never speak to you again.
I've lent. If I get paid back it is always a surprise.
I've lent. If I get paid back it is always a surprise.
Posted on 2/18/14 at 8:26 pm to will1883
quote:
Has anyone on here ever borrowed money from a family member to invest?
Invest in what?
Posted on 2/18/14 at 8:29 pm to will1883
Do you even ponzi bro?
Posted on 2/18/14 at 8:32 pm to will1883
Terrible idea. Throw it out.
Posted on 2/19/14 at 11:04 am to will1883
quote:
Has anyone on here ever borrowed money from a family member to invest?
Posted on 2/19/14 at 11:11 am to will1883
I have never borrowed money to invest.
I know several people who borrowed against the equity in their homes and were bankrupted. Divorces, children's lives disrupted, families torn apart. The financial and emotional risk is just too scary. Not worth the risk.
I know several people who borrowed against the equity in their homes and were bankrupted. Divorces, children's lives disrupted, families torn apart. The financial and emotional risk is just too scary. Not worth the risk.
Posted on 2/19/14 at 11:12 am to will1883
If you care about the relationship at all, don't do this.
Posted on 2/19/14 at 11:22 am to will1883
quote:
Has anyone on here ever borrowed money from a family member to invest?
Is it a sure thing?
Posted on 2/19/14 at 3:48 pm to will1883
i've bought stocks on margin and shorted. dubious proposition even without family issues involved. best to keep your borrowing at arm's length, period.
Posted on 2/19/14 at 6:58 pm to Oenophile Brah
quote:
Is it a sure thing?
Isn't it always?
Posted on 2/20/14 at 10:09 am to will1883
No. I've had family members offer me money to invest for them. I had a very honest discussion with them and politely refused. My family uses money as a means of guilt and guilt as a means of control. I wouldn't want my relationships to be jeopardized in any way any more than what they are already.
Posted on 2/20/14 at 10:20 am to Cmlsu5618
quote:
Terrible idea.
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