Is it wise to borrow money to buy shares?
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etty
Apprentice
Joined: 16 Jul 2004
Posts: 6
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 Posted: 01/16/11 - 10:02 Post subject: |
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| My boyfriend and I finished high school and we both started to work. We are also planning to live together and get married in the future. But, we are not making much money, and we are considering the idea of borrowing some money from our parents to buy some shares. What is your opinion about this? |
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rafael
Apprentice
Joined: 20 Jun 2008
Posts: 7
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| Posted: 02/15/11 - 01:07 Post subject: |
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| This can be lucrative, but it can also get you in financial problems. Borrowing money to buy shares is something not many people would do because it is a risk and you cannot be sure that you will able to pay that money back. If you are borrowing from your parents, for example, the situation is a bit different, but I wouldn’t recommend borrowing money from a bank to buy shares. Maybe you should be patient for a while and save some money; then you could do with it whatever you like, and buying shares sounds like a good idea for making a prospective future. |
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