- quote -

Who says? Fortunes have been made (as well as lost) by borrowing to invest in
the stock market.

Greetings,
One of the first rules of investing is that you do not borrow to invest
in the stock market.

Regards, Anton

"Santa" <santa19992000[at]yahoo.com> wrote in message
news:60e37826.0411151440.19759790[at]posting.google.com...
- quote -

Paul Michael Brown wrote:
- quote -


Posts like these are a result of the plethora of "get rich by investing"
and "Rich Dad Poor Dad" type books out there. But hey if you can give
me a good ROI on something other than stocks or real estate pass the
knowledge my way...

- quote -

Whenever I see a post like this (where an obviously unsophisticated person
thinks he can do well by investing borrowed money in "stocks" or "some
business") the contrarian in me thinks it's time to reduce my equity
allocation.

In article <60e37826.0411151440.19759790[at]posting.google.com> , Santa
<santa19992000[at]yahoo.com> wrote:

- quote -

That is normally the way money is borrowed. You either get a
cashier's check, or you have it deposited to your account. Car
loans and house loans are a little different due to liens,
mortgages, and titles. In your case, you simply want a personal
loan or a signature loan. Note, that these are normally much
more expensive loans since you are not telling them what you
want it for, and you are not putting up collateral. You might
be better served to figure out exactly what you want the money
for, then let the lender figure out how best to meet that need.
If you are doing this for stock investing, work with a borker.
They have a thing called a "margin loan" that might work well
for you.

-john-

--
================================================== ==================
John A. Weeks III 952-432-2708 john[at]johnweeks.com
Newave Communications http://www.johnweeks.com
================================================== ==================

"Santa" <santa19992000[at]yahoo.com> wrote in message
news:60e37826.0411151440.19759790[at]posting.google.com...
- quote -

If you have no security, that's an unsecured loan, which is generally high
risk -- unless you have substantial positive payment history and the cash
flow to make payments. You mention three different reasons to borrow, and
they aren't similar, so you'll need to make up your mind WHY, before you ask
HOW.

How many business owners build a signature line of credit is by depositing
cash, and then using that cash as security for a loan, repaid on time, or
ahead of time. Yes, this method costs money for nothing, but that's how
someone with nothing gets their foot in the door. Many millionaires started
out this way. When I was a young man, my father suggested I do this, even
though I didn't need any money, and the end result is a signature line of
credit.

The BEST place to ask your question would be your local bank. Go and ask
them. Start with banks where you have money on deposit. Locally owned
banks are better than mega banks, especially if you're looking to start a
local business.

Brent D. Gardner, ChFC
Chartered Financial Consultant
http://members.cox.net/brentdgardner1378/

Si vis pacem para bellum!

"Be ever questioning. Ignorance is not bliss. It is oblivion. You don't go
to heaven if you die dumb. Become better informed. Learn from other's
mistakes. You could not live long enough to make them all yourself." - Hyman
George Rickover (1900-86), Admiral, US Navy, advocated development of
nuclear subs & ships

The Chartered Life Underwriter (CLU) and Chartered Financial Consultant
(ChFC), designations owned and exclusively offered by The American College,
signify the highest standards of academic study and professional excellence
in the financial services industry.

Does anybody have any idea, whether banks can loan cash only, I wanted
to apply for loan, but I need the bank to deposit cash directly to my
account, what I mean is, instead of car loan or house loan, I am
looking for cash only, then I can use that cash to buy some
stocks/open some business/downpayment that amount for some otherthing.
Is that possible?