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Come On ... Borrow Just a Little?
Dear Dave, I’m thinking this is the chance of a lifetime. There are bargain basement prices in the stock market right now, so would it be okay to borrow a small amount of money to buy stocks? Glen Dear Glen, It’s definitely a time to be bullish, but it’s not a time to be foolish. Buying single stocks is very risky. That would be foolish regardless of the price. And borrowing money to invest in anything increases the risk enormously. NEVER borrow to invest! If you’ve got some of your own money in your pocket, I’d suggest investing in good growth stock mutual funds. That way, you’re not borrowing AND you’re spread across 80 to 200 different stocks! – Dave
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Today's date: March 22, 2010
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