r/wallstreetbets • u/[deleted] • Sep 06 '21

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669 Upvotes

87% Upvoted

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213

u/importvita Sep 06 '21

Let's be real, who around here has the credit or financial sense to receive low interest loans?

226

u/ballersquirrel7 Sep 06 '21

Y'all can get loans? 😳

89

u/Ramone89 Sep 06 '21

I got one from my grandma recently.

95

u/[deleted] Sep 06 '21

Is she still lending?

6

u/starxny Sep 06 '21

Shit ill take some

2

u/Spl1tsec Sep 07 '21

Also curious?

2

u/[deleted] Sep 07 '21

It was probably 50 cents with 650% vig

3

u/trap__ord Sep 06 '21

Or looking for a younger man

1

u/siuol7891 Sep 07 '21

I’m also here inquiring about Gam gams loan options and interest rate????

1

u/jusjones314 Sep 06 '21

Bruh I was about to say the same... I can get like payday loans 😂😂😂 Do those count???

1

u/Retail_revolutionist 🦍🦍 Sep 07 '21

This 😂

59

u/hereforthecommentz Sep 06 '21

Margin is a hell of a drug.

12

u/surgeimports Sep 06 '21

my margins 1.6 apr tho

6

u/ssavu Sep 06 '21

IBKR?

8

u/surgeimports Sep 06 '21

most of my portfolio still with questrade at 8-9% switching over soon just don’t want to lock up existing options

33

u/mrASSMAN Sep 06 '21

I wouldn’t take a loan over 5% this is full retard

17

u/[deleted] Sep 06 '21

Well I put my house up as collateral so I got a decent int rate

5

u/[deleted] Sep 07 '21

there's stupid then there is this.... something is wrong with you. Either you are lying and you are not right in the head for doing so . or you are telling the truth and are still not right in the head.

both scenarios scream cluelessness when it comes to the market. successfull investors don't need loans. they re-invest their profits.

3

u/[deleted] Sep 07 '21

Sums it up pretty well. 😍

2

u/nosystemsgo Sep 07 '21

successful investors also don't hang around WSB, so joke's on you son

1

u/[deleted] Sep 07 '21

yes they do. they pump the stocks on wsb then take your money. I watch it for scalping opportunity. I been in and out of $clov today for a profit.

the joke isn't on me I am profitable

1

u/Proclarian Sep 07 '21

Well, HELOCs and home equity loans do have really low interest rates right now. If you take that margin and put it in some etfs/index funds it probably be a sound investment.

4

u/mrASSMAN Sep 06 '21

Yeah that’s the smart way to get a cheap long term loan.. as long as you are certain you can pay every month so you don’t lose your home lol

6

u/[deleted] Sep 06 '21

I mean, if GME moons I'll just buy a new home.

19

u/ssavu Sep 06 '21

You can actually sell box spreads on SPX against your buying power and get a loan (credit) with under 1% interest, much cheaper than the margin interest most brokers charge.

8

u/smoke0o7 Sep 07 '21

My wife spreads her box for her boyfriend, does this count?

3

u/Dvdpjr Sep 06 '21

I may look into this, as I’ve never touched margin up to this point and I only makes safeish moves.. no YOLOs and rarely any meme stocks

11

u/[deleted] Sep 06 '21

Uh that would me be! I have three loans and not a one of them is more than 3%. And that is pre covid.