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Originally Posted by Red
He didn't tell them everything. He forgot to mention that most casuals lose money on the markets, are too knee jerk to sustain any flactuation, are not disciplined enough to make it work and for most part would never come ahead.
Only a few are willing to invest borrowed (against their home) money and even fewer can actually make money on it.
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And only a few will ever go beyond having a job as their primary source of income until they retire and depending on the government and/or family to live out their years. We're not talking about those people.
I would never suggest someone borrow against their house and use that money to play the stock market themselves; unless they had a proven track record of success at it, why on earth would they try it?
Always have professionals helping at every stage, be it a mortgage broker, a financial planner, tax accountant, or professional real estate investor.
The resources are out there to go beyond. For the majority who have very low risk and no appetite for getting their hands dirty, there are still options. I know of lots of poeple who will give a 50% ownership position in real estate just for putting up the down payment, no hassle, no tenants, no details, just quarterly reports and ROI.