Posted 1/27/2024 20:31 (#10596796 - in reply to #10595456) Subject: RE: Save on operating interest or invest in mutual funds?
north central Ohio
BrianFerentz - 1/27/2024 04:52
reformedbanker - 1/26/2024 21:39
I've advanced on LOCs to allow for IRA contributions many times.
Borrowing money to invest it is poor risk management. Both from the lender and borrower, just because you have done it "many times" doesn't mean it is sound practice. I would imagine their are cases where farmers used loc for all sorts of things, boats, cars, etc--sure doesn't mean it is a good idea.
How is this any different then people borrowing money for a house vehicle etc and investing in an ira account?
Save on operating interest or invest in mutual funds?
