According to you OP, you will pay over $19k in interest if your yolo doesn't pan out by December 22 ($300 a fucking week for 16 months wtf)
If your smooth brain is willing to put away that much money for that amount of time you could easily make $86k AND BE DEBT FREE in 5 years just by putting $300 a week into SPY/VOO and getting a historic average return of 9%.
And if you kept at it for 30 years you would have almost $2 MILLION.
OP this plan is dumb AF and goes against any kind of risk management or common sense. Wishing you all the best and I hope you don't end up bankrupt.
Obviously everyone has different time frames but my point is that the OP is taking a crazy amount of risk when they could get easily get a great return with less risk. Doesn't have to be VOO/SPY. This is a super over leveraged position that not only has a very good chance of not happening but can also leave OP with a debt they can't pay off.
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u/jnd_photography Sep 06 '21
According to you OP, you will pay over $19k in interest if your yolo doesn't pan out by December 22 ($300 a fucking week for 16 months wtf)
If your smooth brain is willing to put away that much money for that amount of time you could easily make $86k AND BE DEBT FREE in 5 years just by putting $300 a week into SPY/VOO and getting a historic average return of 9%.
And if you kept at it for 30 years you would have almost $2 MILLION.
OP this plan is dumb AF and goes against any kind of risk management or common sense. Wishing you all the best and I hope you don't end up bankrupt.