Take out a $100,000 loan

Emberburn
Emberburn

take out a $100,000 loan
use it to buy stocks worth $0.01
wait until it reaches $0.02
sell and double your money
pay back loan
live off the 100K for that year
do this once every year

Why aren't people doing this? It's so fucking easy.

Firespawn
Firespawn

@Emberburn
yeah bro! so easy and works! thats why everyone does it!

SniperWish
SniperWish

@Emberburn

put down house as collateral for 100k loan
buy literal penny stock
goes from $0.01 to $0.00
lose house
be homeless

you're fucking einstein

TurtleCat
TurtleCat

@Emberburn
stocks worth $0.01

whereismyname
whereismyname

@SniperWish
I live with my parents, so I'd have to use their house as collateral, so if I lost the house they'd be homeless, not me.

And I don't really care if they're homeless, fuck them.

Harmless_Venom
Harmless_Venom

@Emberburn
Why aren't people doing this?
The problem is that they won't let you do it if you use Robin Hood.
And I'm not fucking paying commissions.

Sir_Gallonhead
Sir_Gallonhead

@whereismyname
meme

MPmaster
MPmaster

@whereismyname
you're just a tenant, not the property owner

if you aren't the property owner you can't use the property as collateral since it's not yours to spend

King_Martha
King_Martha

@whereismyname
I live with my parents
so if I lost the house they'd be homeless

with this kind of recknless abandon you will go far kid

Methnerd
Methnerd

had a giggle m8

SniperWish
SniperWish

OP, you pansy. You're supposed to take a billion loan and then invest. Then you'd swimming in $1B pool instead of a 100k shitpile

RavySnake
RavySnake

@Emberburn

loans of six digits with somehow guaranteed 100% return
not investing in real estate to create a cash drip AND doing the meme you described every year
This shit post isn't even well thought out.

Spamalot
Spamalot

take out a $100,000 loan
buy $MORL
Make $17,000 after interest
live off $17,000 a year

Crazy_Nice
Crazy_Nice

@Emberburn
implying that market has a potential buying/selling volume in the billions.

massdebater
massdebater

@Emberburn
A jump from 0.01 to 0.02 is pretty large, tends to be increments of 0.001 at that scale.

Still, everyone will be selling at 0.02 in your example, and your 100k will be enough to drive the price back down.

Essentially, it doesn't work like you think. Time to realise you're an average intellect at best.

idontknow
idontknow

@Emberburn
use it to buy stocks worth $0.01

if it's worth 0.01 it's not a stock, even if it may be listed...

Also, unless you're a hardcore Hedge Fund predator with 15+ yrs track record, do not invest borrowed money. EVER. It's one of the main reasons some poor folks are still paying their debts of the Tech-bubble crash back in '
'01.

You may be to young to remember, but it was a time when internet stocks was the "next hot shit" that "could not go wrong".

Protip: If fucking Cosmopolitan writes about stock picks instead of fucking nail polish, it's about time to get prepared for a crash.

Source: job as trader in various banks since '99

Emberburn
Emberburn

@Emberburn
Shit you are retarded

viagrandad
viagrandad

@Emberburn
They're called junk bonds for a reason.

I knew a guy who tried your idea.... his wife died and he got 250k on her life insurance policy.
He bought 250k worth of a FOR SURE winner.... and the comapny went bankrupt. He lost all his money.

SomethingNew
SomethingNew

@Spamalot
Whats an MORL... is that what "rich dad poor dad" talks about?

idontknow
idontknow

@Emberburn
take out a $100,000 loan
use it to buy stocks worth $0.01
wait until it reaches $0.02
stock never reaches $0.02
stock goes to $0.00
stock gets delisted
lose everything
have to pay back $100,000 plus interest

likme
likme

@idontknow
if it's worth 0.01 it's not a stock, even if it may be listed...

So you've been working as a trader since 1999 and don't know what OTC is...?

lostmypassword
lostmypassword

@whereismyname
i live with my parents
i'd have to use their house as collateral
live with my parents
if i lost the house they'd be homeless, not me

WEW LAD

Burnblaze
Burnblaze

@whereismyname

Here's your (You). Quality shitpost after a weak start.

BunnyJinx
BunnyJinx

@likme

Hope you're trolling.

"not a stock" as not something you'd throw in a 100k you don't actually have.

That's simple...

Sharpcharm
Sharpcharm

@viagrandad
Thats dumb as fuck lol. Never go all in ever.

With 200k he could have put half of it in realestate and the other half in utility stocks.

But instead he went for the quick buck.

Nude_Bikergirl
Nude_Bikergirl

@idontknow
When does something just become worth nothing though?

viagrandad
viagrandad

Shoulda got in on that skln .08 to .25

Inmate
Inmate

@whereismyname
meme

TreeEater
TreeEater

@Emberburn
Biz

a board for business and finance

users can't tell the difference between a dollar and a fucking cent!!!

You should all seriously seriously consider killing yourselves

TurtleCat
TurtleCat

take out a $200,000 loan
buy BRK.A
potentially make hundreds every minute just by buying dips

RumChicken
RumChicken

@Emberburn
take out $100,000 loan
use $50,000 of loan for collateral for another $100,000 loan
over and over again
now you have $18 billion and owe $18 billion+interest
hide some cash
launder some cryptos
bury some gold
go bankrupt
"I don't know where all da money went boss"
you win

I love shitposting. I love Veeky Forums.

JunkTop
JunkTop

@RumChicken
Lol. The law would assrape any poor fool who tried to pull this.

tfw 18billion in debt and being investigated by every government agency known to man.

Illusionz
Illusionz

take out $1000000 loan
don't pay it back

Fuzzy_Logic
Fuzzy_Logic

take out small loan of $6 million from my father
know put it in some ETFs
make a 10% return
$600k profit
pay back the $6 million
reborrow and do it again
now I'm a millionaire

Need_TLC
Need_TLC

made over 100% return on one of my marijuana stocks this year
tfw if I took out a loan of one million dollars, I would have fucking doubled my money

kizzmybutt
kizzmybutt

@whereismyname
laughed hard

Snarelure
Snarelure

take out $100,000 loan
put it on ShadowCoin last week.
Cash it in this week and make $480,000.
pay back loan
live off the $380,000 for that year
do this every year

Why aren't people doing this? It's so fucking easy.

AwesomeTucker
AwesomeTucker

@whereismyname
I actually leled

massdebater
massdebater

@Need_TLC
You never would have gone that balls deep because you didn't know it was going to go up. Next time you should do your dd and KNOW that it is going to go up, then you can use all the leverage you want. No guts no glory.

Inmate
Inmate

URRE???

Methnerd
Methnerd

@whereismyname

kek you animal

TurtleCat
TurtleCat

@RumChicken
use $50,000 of loan for collateral for another $100,000 loan
The second bank already knows about your first loan and stops you in your tracks.

Nude_Bikergirl
Nude_Bikergirl

@Inmate
Leave this fucking board.

King_Martha
King_Martha

@Emberburn
This is good Veeky Forums bait

farquit
farquit

Congrats OP you invented roulette

JunkTop
JunkTop

@RumChicken
@JunkTop
@TurtleCat
Fun fact, my dad did something like this sometime between 40-50 years ago. He said he took out a loan of $5000, went to the next bank and used that as collateral and took out a loan of $10000. Stopped at a third bank and took out a loan of $20000. At the 4th bank, they got suspicious and took the time to call other banks. He was told what he was doing is "very" illegal, and was told to return the money to each bank and pay the fees and got off with that as a slap on the wrist.

LuckyDusty
LuckyDusty

@Emberburn
100k loan
penny stocks
What could go wrong

King_Martha
King_Martha

@JunkTop
you will never live in the paper system when it was so easy to scam people and get away with it and become some Lord who now owns billions in real estate

it just isnt fair tbqh

my ancestors were being denied education working farms and shit until the last few generations

we be proles n shit

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