Quote:
Originally Posted by pylon
The number one rule in lending, always borrow as much as you can, if you can borrow at less of a rate than you could reasonably expect a return. In the off chance, things go all 1981 again and the bottom completely falls out, you will still have your 50-60k or whatever parked somewhere, or at least a portion there of it left if you really desperately need it.
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I can understand that strategy, but personally I'm pretty allergic to carrying debt and want to pay down my house/car etc as fast as possible. I'm not a smart investor who will use that money more wisely. Im not going to make savy trades and get in at the right time...I'm just too way too busy working to do any of that (the one time I did try, I was wasting way too much of my day making terribad trades). I'm going to buy things like cars and photo equipment and go on vacations!