Take out a $100,000 loan

>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.

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

>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

>stocks worth $0.01

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.

>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.

meme

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

>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

had a giggle m8