Quote:
Originally Posted by kscarrol
Well done but being up 75% over almost 4 years is not a 40% annual return...
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X2. Think this is a little more than 14% annual returns.
At 18% annual returns you double your money in 4 years.
At 7% you double your money in 10 years. All before taxes.
No chance I would take out any loan to use the money to invest in the stock market (to open a business is a different thing). Make a realistic 8-10% and pay taxes on it, ending up with 7-8% (with considerable risk of doing much worse) and a loan that I took out at 6-7%? With my house on the line if something really bad happens.