Posted 1/27/2024 07:39 (#10595584 - in reply to #10595456) Subject: RE: Save on operating interest or invest in mutual funds?
BrianFerentz - 1/27/2024 04:52
reformedbanker - 1/26/2024 21:39 I've advanced on LOCs to allow for IRA contributions many times.
Borrowing money to invest it is poor risk management. Both from the lender and borrower, just because you have done it "many times" doesn't mean it is sound practice. I would imagine their are cases where farmers used loc for all sorts of things, boats, cars, etc--sure doesn't mean it is a good idea.
So by that statement, one shouldn't ever borrow money to buy land?
Save on operating interest or invest in mutual funds?
