Borrowing money to invest

[SeniorModerator]

I am reading "rich dad, poor dad". They encourage borrowing money to invest. The first question is what bank would dare lend money to invest. (besides this - www.fastcash.co.nr - $100 for you to start in HYIP)

What are the requirements to borrow. And last but not least what investments besides feederfund can i trust to invest in.

[lukek83]

Most banks will not borrow you money once they find out that you are using that for investment purposes. The basic idea is to take out a personal loan if you must.

But my suggestion to you is, if you need to take a loan out to start investing than dont. Start saving up some money, buy bonds or certificates of deposit. HYIP are not investments, they are gambling.

[moremore]

seconded...HYIP is a place to spend our pocket money in a hope to make more.., which often not the case..

[jawzishere]

Don't borrow money to invest in HYIPs it would be an incredibly stupid move.

Also I would recommend not wasting any more money on Rich Dad, Poor Dad products.

[easymoney]

Borrowing money to invest in HYIP is probably the worst thing you can do.

DO NOT INVEST MORE THEN YOU CAN AFFORD TO LOOSE

Is still my golden rule #1

Investing in HYIP is a very risky thing. You might get lucky and gain some....but it's also possible (and probably the changes are even bigger) to loose most of it, and spending a couple of years in trouble to repay your loan.

Start small, with some of your own money, and build up you investing balance. Diversify and keep your fingers crossed.

[themax37]

Yeah hyip's are a gamble... one of my buddies lost over $1000 in program called 4daily a long time ago.

[markan]

Originally Posted by themax37

Yeah hyip's are a gamble... one of my buddies lost over $1000 in program called 4daily a long time ago.

lets say all of hyips are gambles...i agree with you..
i still advise all to invest on real programmes,even they pay low profit...in these real programmes,you wont miss your principals also you will earn low profit...
but in hyips you will earn high profit fot first few days,then you will lose your money or principals there...
so join on real programmes instead of hyips...

[karachica]

please send me invitation code to join goldfellers.net and an other private club.
thank

[karachica]

please send me invitation to join goldfellers.net and an other private club code.
thank you

[ucan]

if you don't have assets,how can banks offer loans to you?