Originally Posted by t_mo
That is complete stupidity.
I don't think this is a stupid idea. Because...
Originally Posted by theubernoob
its at 1% interest..... the only way i lose money is if i don't do anything with it or just buy a bunch of **** with it
He is borrowing at 1%.
Why not buy something stable and safe. You can ladder out CD's. And eventually get a safe stable 4% return on that money. If you are borrowing at 1% and you invest for a guaranteed 4% they are paying you 3% for doing nothing. Sounds like a great deal to me.
Or find some other stable fixed income. All the stories you hear on this website is about people's 'winner's no one talks in depth about their 'losers'. Or at least the big 'losers' Reading about how someone bought something at the absolute low and sold it at the relative high is a dream that everyone wants and you have to be lucky to nail.
Anyhow, I'd do CD's, Bond's maybe preferred stocks. Or you can pick up some stable stocks that pay a dividend and won't be cutting it or eliminating it soon. This way you will always have enough to cover your loan interest rate.
LAWL didn't read that he already said CD's. But the thing you might want to do with the CD idea is to ladder them out so you'll have access to your money every 3 months.
If you want to be slightly more risky, get into the preferred stocks. Look at BAC.d or ADM.a. I don't know if those are the symbols for your security look up sometimes its BAC-d or sometimes its BAC d or BAC prd. Depends on what system you are using.