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Borrowing money to invest, Right Or Wrong?
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[QUOTE="sincerem, post: 233917, member: 25228"] If you borrow from the mortgage bank, at least your repayment interest wouldn't be high like that of money lender's option, and other loan companies operating digitally. Not that taking loan is a bad idea, it just depends on the reasons of taking the loan. I won't go and take a loan for personal needs, it should be mainly for my business that is already up and running, I don't see reasons why I'll be going on starting a new business with.a loan, it doesn't make sense, unless the interest is just as low as 1% for the next 365 days. And no loan company will offer such, interest at that long duration covers up to 30%, as such it doesn't look nice tor me to face such kind of uphill struggle to meet up with two things, pay the lon debt and also fend for my own business profit. Such kind of task gonna be hectic one for a beginner like me to cover even if the repayment gonna be made in the next 365 days. Which shows I'm to make double of my capital as profit during that time to cover up the loan, keep my business profit and stay afloat. [/QUOTE]
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