facebookI need money for investment, but loan companies don't offer so much to cover initial capital, is it wise to go to multiple loan companies? - Seedly

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Anonymous

18 Apr 2019

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I need money for investment, but loan companies don't offer so much to cover initial capital, is it wise to go to multiple loan companies?

Discussion (10)

What are your thoughts?

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What are u investing in? What makes u think u can make a higher return than what the loan companies charge?

Jeff Yeo

28 Sep 2018

amateur Social contributor at School of social sharing

Not advisorable to take a loan for investments unless you are 100% confident that your investments can beat the loan int consistently.

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Too much risk for me personally.

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Having said that I have seen some people taking a loan and making money from it.

Jay Liu

28 Sep 2018

Accounting and Finance at ACCA

No. Don't take loans to invest. You're digging yourself a hole for economy crash to come.

Jason Sing

27 Sep 2018

School Of Hard Knocks And Life at School Of Hard Knocks And Life

It is not advisable to borrow money from multiple companies to invest. It is more prudent to save up to invest. In the current economic climate where interest rates are rising, one would end up paying higher interests for borrowing money.

Kenichi Xi

27 Sep 2018

nᴉʍ oΚ‡ dǝnᴉʇsǝd δΈθƒ½θ―΄ηš„η§˜ε―† at Tag Team with Gabriel Tham

Is worrying when I read this Qs.

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  1. What is the investment?

  2. How is ur capital protected?

2....

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