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/biz/ - Business & Finance

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12733442 No.12733442 [Reply] [Original]

Hey biz I have access to up to 15k CAD in student loans at 4.2% interest per year. I'm thinking if it would be a wise bet to put 1-2k in BTC and try not go get fucked. What do you think? Wait for 2k or some shit or get right in?

>> No.12733580

Don’t do it

>> No.12733584

if the money is important to you wait for bitcoin to make a higher high, dont be an idiot.

>> No.12733640

>>12733442
No but what you could do is take out a loan for that 4.2% and buy dividend stocks that pay say 5% or more. Essentially free money no? Is there something I'm missing here?

>> No.12733645
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12733645

>>12733442
>and try not go get fucked.

Just remember: BUY HIGH SELL LOW

>> No.12733658

>>12733640
>what are taxes

>> No.12733685

>>12733658
You'd pay capital gains tax on the investment and you can write off interest from the loan on your taxes no?

>> No.12733842

>>12733685
Well if I'm buying BTC I'll just buy it cash and no bank will ever know till I try to cash out. It's what I did in early 2017 and I think it worked ok... For now. I never declared taxes or any of that shit anyway I'm lightly in the red for now so no taxes right?? Right?

>> No.12733852
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12733852

>>12733842

>> No.12733939

>>12733442
Unironically Buy Link

>> No.12734298

>>12733442
Stupid investment. Might be ok if your plan is to load up on loan money and bail.

>> No.12734373
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12734373

>>12733442
Buy BTC then use it to buy LINK