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/biz/ - Business & Finance

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13765775 No.13765775 [Reply] [Original]

Is trading an accepted business model for the bank to give me a loan?

>> No.13765784

No, even though that’s literally their own business model

>> No.13765787

>>13765775
no

>> No.13765800

>>13765784
This sadly;

If you want a loan just lie dude

>> No.13765810

>>13765775
lol no

>> No.13765815

>>13765775
That's called a margin account.

>> No.13765852

>>13765775
Robinhood will give you a loan to invest in whatever scam penny stock you want and will even let you invest in 7 different shitcoins with your margin

>> No.13765866

>>13765815
its not the same

>> No.13765882

>>13765852
>taking out a loan with RH
That sounds like an easy way to get JUSTED fast.

>> No.13765895

>>13765784
>>13765800
I don't get it. The bank will loan me money to do all kinds of stupid shit like buying a new kitchen or redecorating the house. Then why not to trade/invest? In both cases, the money can be considered spend.

>> No.13765912
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13765912

>>13765895
open a margin account you fucking faggot it's the same thing

>> No.13765941

>>13765895
If you're that good maybe they'll give you a job

>> No.13765944

>>13765912
No it isn't. Cause margin trading only gives you a few shots to get it right. Having more money gives you a lot of shots to get it right without endangering your careeer.

>> No.13765968
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13765968

>>13765775
I literally just did this. Took out a personal loan. It asks for your reason in the application. I put "building up my credit." Never had to talk to a real human. Do it anon. Just don't be dumb and stick to the majors for slow and steady gains.

>> No.13765995

>>13765944
I think some coin exchanges take credit cards. You could probably then sell those coins. You can't be jailed for credit card debt in the United States although the companies can find other ways of JUSTing your life, many states allow credit checks by employers.

>> No.13766006
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13766006

>>13765775
I took a personal loan of $20k when I was 19 to buy crypto 2 years ago. Panned out pretty well, sitting around 130k rn (peaked at 200k in december 2017)

It's risky but definitely doable. Everyone called me a fucking idiot for taking a loan to invest in crypto but if a bull market is imminent/happening and you invest in good shit, it's not really that bad.

Plus it all depends on your risk threshold. For me personally, I have stable enough income that if my entire 20k were to go to shit, I could simply sell my car and buy a beater instead, and the loan payments would take over my previous car payments. (Or at least that was my plan when I originally took the loan).

I only make about 45k right now, but I live comfortably. (21 y/o)

>> No.13766016

>>13765995
>>13765968
I'm a NEET I don't have access to financial loans unless it is for business purposes.

>> No.13766037

>Implying any bank on earth would give NEETs a loan

>> No.13766040

Fucking asshole banks. My business model is just as good as their fancy pantsy corporations. Guess I'll just keep grinding for another couple years.