Could you also pay off the loan when the money is gone? mini credit is a cost-effective way to get your money quickly. invest in these loans and earn money through interest rates. Some consumers shy away from going to the bank and are ashamed to have to take out a loan.
Take out a loan and invest it yourself elsewhere
Hello, I had a similar idea: Let’s assume that a natural person borrows USD 15,000 from a private person for 5 months for 11% interest, which is a 2.2% interest per year. Now he buys the money and invests it in cooperative stocks that bring 4% interest every year. A calculation example: The loan cost him 1650 USD.
The interest on the investment amount is USD 600 in the first year, USD 624 in the second year, USD 648.96 in the third year, USD 674.91 in the fourth year and USD 702 in the fifth year, bringing the interest income to USD 3200 and USD 1550 Dividends if the capital gains tax is not included.
The basic requirement is that the private investor is in the position to pay the mont ale loan rate. That’s not how I understand the beginning of the 5 months, but if I pay 2.2% interest and get 4%, I know that a profit of 1.8% will come out – even without a sample calculation. A natural person borrows from private 15,000 USD for 2.2% interest per year.
can go if he invests the money in cooperative shares, but it must be ensured that the cooperative also pays for 5 years, 4% per year and the money is repaid after 5 years (notice periods), the withholding tax must also be taken into account, i.e. the surplus would be lower.
Dollar crisis: investing or borrowing money?
Dollar summit after Dollar summit, but the stability of the currency is apparently not yet secured. To what extent is it useful for private consumers to grant a loan in times of crisis? Should we now think about financing our dreams – be it our own house or a new car – or should we wait for the crisis to end?
At first glance, the conditions for loans seem cheaper than they have been for a long time. Only mortgage loans are available at low rates. Consumer credit also attracts with very cheap financing. By contrast, the interest rate for savings is stagnating, so that a private banking book will hardly pay off due to inflation.
Bad days have indeed come for savers: at the same time, the interest rate for saving remains the same – which means that consumers end up with less money in their pockets. Will the Dollar crisis have happy prospects, at least for the debtors? It’s not that easy: Consumers should think carefully about whether they can cover the funding over the entire term of the loan.
Loans were taken out carelessly
The partial payments of which cannot be made in the event of a deterioration in income, are one of the shortest routes into the debt trap. In times of economic uncertainty, jobs are by no means as secure as the employees imagine. In the event of loss of income, the allegedly cheap loan can no longer be financed.
Investing money still seems to be the safe option, especially if the money is not invested exclusively insecurities, but is divided between the different investment structures – the traditional savings account, investments in precious metals and federal bonds – one does not currently result particularly well lucrative and still a good resting place.