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Loan and Invest?
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I have some money from the proceeds of a house sale and I was going to buy a motorhome and then invest the rest. I’ve found a motorhome now, but I don’t know whether I should use my money or get a loan and invest my money instead.
I’ve been told that now is the time to get a loan with the low rates, but the benefits, if any, of investing won’t be realised for a wee while yet will they.
Should I use my cash or invest it? Or is that a silly question?!
Thanks
1
Comments
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Loan for what? Motorhome or investing?
Why get yourself into debt when you do not have to?1 -
Never borrow so you can invest.7
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You'll be way better off with using your own money. It's not like something small like getting a local payday loan. Getting an RV is like literally 1/3 financially of getting a house. Also getting a loan to purchase anything but a business (Without a business plan as well) is incredibly risky.1
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Pipgallop said:I have some money from the proceeds of a house sale and I was going to buy a motorhome and then invest the rest. I’ve found a motorhome now, but I don’t know whether I should use my money or get a loan and invest my money instead.I’ve been told that now is the time to get a loan with the low rates, but the benefits, if any, of investing won’t be realised for a wee while yet will they.Should I use my cash or invest it? Or is that a silly question?!Thanks
You cant use it anywhere so pointless imo.
And you should never take out a loan to invest it, thats just silly, use your own money to invest.0 -
DCFC79 said:Pipgallop said:I have some money from the proceeds of a house sale and I was going to buy a motorhome and then invest the rest. I’ve found a motorhome now, but I don’t know whether I should use my money or get a loan and invest my money instead.I’ve been told that now is the time to get a loan with the low rates, but the benefits, if any, of investing won’t be realised for a wee while yet will they.Should I use my cash or invest it? Or is that a silly question?!Thanks
You cant use it anywhere so pointless imo.
And you should never take out a loan to invest it, thats just silly, use your own money to invest.1 -
Hmmm. Brand new user, resurrects threads that are well over a year old in order to promote a company? I'm calling Spam.
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Ebe_Scrooge said:Hmmm. Brand new user, resurrects threads that are well over a year old in order to promote a company? I'm calling Spam.
May you find your sister soon Helli.
Sleep well.0
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