Is there any situation to take credit to invest in ?

My fiance wants to take advantage of a low priced right now but we don’t have the cash to pay for it unless we use LOC or credit card.

The LOC is roughly around 9% and is already up to around 10K.

I’m hesitant since we have a wedding to pay for.

Would it benefit us to purchase now or wait until we have tangible to invest?

 

  • mike h 7:57 am on February 8, 2010

    I would buy stocks instead.. it is risker , but at the current prices, it is worth it.
    ( I did that a month ago, borrowed money from my Credit card . when the market first went down) and sold when the market when a bit up because of the stimulus plan. and made 40% return. and paid back my Credit card and kept the profit to pay more of my debt.

  • Max Power 7:57 am on February 8, 2010

    No, I would not. Too risky to use borrowed funds to invest.

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