An idea I would like some feedback on!

[IONEGARM]

Congrats, that is the worst idea I have heard today.

But I have hope, the day isn’t over yet.

[XBoxBoy]

Socrattt,

Let me just point out that there are a number of assumptions in this plan:

inflation vs deflation
future value of dollar vs current value of dollar
future value of commodities vs current value of commodities.

If any of your assumptions turn out to be wrong, you could be up the creek without a paddle pretty fast. So, think about what you are risking (ie your credit) before placing this bet.

XBoxBoy

[XBoxBoy]

Socrattt,

Let me just point out that there are a number of assumptions in this plan:

inflation vs deflation
future value of dollar vs current value of dollar
future value of commodities vs current value of commodities.

If any of your assumptions turn out to be wrong, you could be up the creek without a paddle pretty fast. So, think about what you are risking (ie your credit) before placing this bet.

XBoxBoy

[XBoxBoy]

Socrattt,

Let me just point out that there are a number of assumptions in this plan:

inflation vs deflation
future value of dollar vs current value of dollar
future value of commodities vs current value of commodities.

If any of your assumptions turn out to be wrong, you could be up the creek without a paddle pretty fast. So, think about what you are risking (ie your credit) before placing this bet.

XBoxBoy

[XBoxBoy]

Socrattt,

Let me just point out that there are a number of assumptions in this plan:

inflation vs deflation
future value of dollar vs current value of dollar
future value of commodities vs current value of commodities.

If any of your assumptions turn out to be wrong, you could be up the creek without a paddle pretty fast. So, think about what you are risking (ie your credit) before placing this bet.

XBoxBoy

[XBoxBoy]

Socrattt,

Let me just point out that there are a number of assumptions in this plan:

inflation vs deflation
future value of dollar vs current value of dollar
future value of commodities vs current value of commodities.

If any of your assumptions turn out to be wrong, you could be up the creek without a paddle pretty fast. So, think about what you are risking (ie your credit) before placing this bet.

XBoxBoy

[Doofrat]

I did this some years back by owning stock and carrying a large balance on my credit cards. and got lucky. I wouldn’t do it again.
The risk here is that you buy commodities and charge up the cards. Then the market doesn’t do what you expected and/or you lose your job, are forced to move, credit card company jacks your rate to 24.99%, etc, etc, etc.
You could also open a margin account if you really want to leverage and have the opportunity to get margin calls as well.
Personally, I think you should borrow money from me at 14%, I’d be happy to get that.

[Doofrat]

I did this some years back by owning stock and carrying a large balance on my credit cards. and got lucky. I wouldn’t do it again.
The risk here is that you buy commodities and charge up the cards. Then the market doesn’t do what you expected and/or you lose your job, are forced to move, credit card company jacks your rate to 24.99%, etc, etc, etc.
You could also open a margin account if you really want to leverage and have the opportunity to get margin calls as well.
Personally, I think you should borrow money from me at 14%, I’d be happy to get that.

[Doofrat]

I did this some years back by owning stock and carrying a large balance on my credit cards. and got lucky. I wouldn’t do it again.
The risk here is that you buy commodities and charge up the cards. Then the market doesn’t do what you expected and/or you lose your job, are forced to move, credit card company jacks your rate to 24.99%, etc, etc, etc.
You could also open a margin account if you really want to leverage and have the opportunity to get margin calls as well.
Personally, I think you should borrow money from me at 14%, I’d be happy to get that.

[Doofrat]

I did this some years back by owning stock and carrying a large balance on my credit cards. and got lucky. I wouldn’t do it again.
The risk here is that you buy commodities and charge up the cards. Then the market doesn’t do what you expected and/or you lose your job, are forced to move, credit card company jacks your rate to 24.99%, etc, etc, etc.
You could also open a margin account if you really want to leverage and have the opportunity to get margin calls as well.
Personally, I think you should borrow money from me at 14%, I’d be happy to get that.

[Doofrat]

I did this some years back by owning stock and carrying a large balance on my credit cards. and got lucky. I wouldn’t do it again.
The risk here is that you buy commodities and charge up the cards. Then the market doesn’t do what you expected and/or you lose your job, are forced to move, credit card company jacks your rate to 24.99%, etc, etc, etc.
You could also open a margin account if you really want to leverage and have the opportunity to get margin calls as well.
Personally, I think you should borrow money from me at 14%, I’d be happy to get that.

[UCGal]

Didn’t our economic problems largely stem from people borrowing too much money? Spending money they didn’t have?

Am I missing something?

Whatever happened to living within ones’ means and saving/investing what was left over. You’re talking about borrowing to invest.

The only difference I see between this plan and people who bought houses they couldn’t/shouldn’t have bought is you’re talking about commodities not real estate… but you’re still making the assumption that commodities can only go up. And using borrowed money for that assumption.

[UCGal]

Didn’t our economic problems largely stem from people borrowing too much money? Spending money they didn’t have?

Am I missing something?

Whatever happened to living within ones’ means and saving/investing what was left over. You’re talking about borrowing to invest.

The only difference I see between this plan and people who bought houses they couldn’t/shouldn’t have bought is you’re talking about commodities not real estate… but you’re still making the assumption that commodities can only go up. And using borrowed money for that assumption.

[UCGal]

Didn’t our economic problems largely stem from people borrowing too much money? Spending money they didn’t have?

Am I missing something?

Whatever happened to living within ones’ means and saving/investing what was left over. You’re talking about borrowing to invest.

The only difference I see between this plan and people who bought houses they couldn’t/shouldn’t have bought is you’re talking about commodities not real estate… but you’re still making the assumption that commodities can only go up. And using borrowed money for that assumption.

[UCGal]

Didn’t our economic problems largely stem from people borrowing too much money? Spending money they didn’t have?

Am I missing something?

Whatever happened to living within ones’ means and saving/investing what was left over. You’re talking about borrowing to invest.

The only difference I see between this plan and people who bought houses they couldn’t/shouldn’t have bought is you’re talking about commodities not real estate… but you’re still making the assumption that commodities can only go up. And using borrowed money for that assumption.

[Author]

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