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Peak Idiocy: CNN Urges Students Not To Pay Down Student Loans, Buy Stocks Instead
You know the Central-Bank-driven wealth-creation narrative has gone too far when... CNN Money - the bastion of personal financial advice introduces us to Mohammad Majd, graduate who opines "I changed my entire philosophy on debt. I started making minimum payments on my student loans, picked up a "Stock Investing for Dummies" book, and put whatever extra money I made into the stock market." It's great any muppet can win... "It was a really good feeling knowing that I could wipe away my entire student loan debt with just a few mouse clicks." This is how broken the market (and the mindset) has become...
When Mohammad Madji graduated from Drexel University in 2009 with a degree in engineering, he was 23 and had $200 in his bank account.
In other words, he was like most American college students: Poor and in debt.
The loan burden: My mother was overly ambitious in helping me and put a lot of my tuition payments on her credit card; as a result, she ended up claiming bankruptcy my senior year.
My roommates each had over $100,000 to repay. One of them currently waits tables on weekends on top of having a full-time engineering job. He's been doing it since we graduated in an admirable effort to pay down his student loan debt.
When I started my career, my monthly student loan payments came to $460. My entry-level engineering job paid $48,000 a year. I was better off than most. My payments were inconvenient but still manageable.
And so he began his long road to deb serfdom...
Paying down debt: Aside from moving out of that studio and into a small two-bedroom apartment, I maintained the same modest lifestyle I had while I was a student. A lot of my friends were still struggling to find jobs, so there wasn't much social pressure on me to get a new car, a nice apartment or eat out at fancy restaurants.
I began attacking my student loans by making double and triple payments. Like a lot of other recent graduates, I was conditioned to fear debt, and I made a point to get rid of it as soon as possible.
Coming out of school just after the financial crisis had a big impact on me. I wanted to know what had just happened and why my friends weren't getting the jobs they deserved, so I started reading a lot about the crisis and about economics in general.
Then his life changed... One important concept that I came across was Opportunity Cost -- the notion of quantifying what you give up when you chose one option over another. I asked myself: Why am I rushing to pay off loans with 3% to 6% interest rates when the S&P has historically returned 11%?
Game changer: I changed my entire philosophy on debt. I started making minimum payments on my student loans, picked up a "Stock Investing for Dummies" book, and put whatever extra money I made into the stock market.
I was a novice investor, but I bought at a time when a lot of other people were discouraged from investing in 2009 and 2010. Consequently, I was able to buy stocks at bargain prices.
When I turned 26, I noticed something astonishing My student loan debt and the money in my investment account had converged to the same amount -- $35,000. It was a really good feeling knowing that I could wipe away my entire student loan debt with just a few mouse clicks, but I opted to continue making minimum payments.
By paying the minimum, it would take me eight years to pay off all my loans.
...
After eight years, I would have $75,000 (assuming an annual return of 10%).
Sure, that is simplifying it a bit. Obviously, the stock market doesn't return 10% every year on the dot. These numbers also don't take taxes into account. Student loan interest is tax-deductible up to $2,500, and capital gains is 0% for anyone who taxed at the 10% to 15% rate.
The options will be slightly different for everyone. Depending on the interest rate and life of the loan, reducing debt might be the best option.
...
Today I am well on my way to paying down my student debt, but I also have tens of thousands in stock market gains.
I'm glad I did the math.
* * *
Wow!!! One quick question, Mohammad:
What would have happened if you graduated in say 2007 or 2008 and started your speculate-your-way-out-of-student-debt plan?
Never mind...
* * *
His final lesson...
But for many of us who have grown up in modest households, we are taught to pay off debt quickly. It's not a bad lesson. But if you want to get rich, you might be better off making the minimum payment on your student loan and investing the rest.
nailed it...
* * *
Remember kids - debt is good, moar debt is moar good, and rampant speculation in the 'market' can only lead to riches beyond your dreams (with no downside whatsoever)... in fact, why go to college at all? Take your minimum wage burger-flippingh money and Buy double-short VIX ETFs...
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full retard
Always go full retard.
As I take the next step to enlightenment and selling any distraction I have. As we all know, "war is coming." See you on the other side..
I present to you ZHers, a special advertisement I saw in Thrasher Magazine, October 2013 issue.
It's the only ad in recent (or any) history to tell the kids some semblance of truth: "Hey kids! Guess what? You're Screwed! And don't let anyone try and tell you different."
Full sized image - must read: http://oi61.tinypic.com/dpeq9v.jpg
I grow more and more everyday in the 'hope' that there are Space Aliens out there and that they come [soon] and pick me up, even if it is to do experiment on me cause e just about ANYTHING is better then this #ShitShow that we are living under now. One day Mike Judge will be looked upon as the Nostradamus of our time. #Idicoracy
Beam me up Scotty as there is NO [zero] intelligent life left on this planet...........
They killed all the best intelligent life during bankster wars...
Don't like to take more room than necessary, but I thought I'd write up the text from that ad above, as it's hard to read. Not 100% in its accuracy of nailing the truth, but 95% there, and a hell of an to put in a skateboarding magazine.:
"A special ad from Shut Skates for everyone 25 and younger:
Hey kids! Guess what? You're screwed! And don't let anyone try and tell you different. See, here's the problem. No matter how well your parents raised you, how good your grades are, or what Uncle Sam tries to tell you about the 'American Dream,' there is a major malfunction:
1) There are more people on the planet now than ever before in the history of history. And it's only going to get way more crowded.
2) Computers and robots are doing more and more jobs better that any human ever could. Yes. Even better than you, and as of today, as you read this, 65% of American workers have jobs that are essentially 'information processing.'
And who processes information better than a computer? It sure as hell aint you. I mean, you're reading 'Thrasher Magazine' for Christ sake. You're not gonna outprocess a computer. In fact, recent data shows that Mexicans hae stopped emigrating to the united States to look for work. You know why? Because there is none. And get this! Kids with degrees in information systems and computer sciences are more unemployed now than kids who majored in theater!
So why are we telling you all this? Because Apple, MTV, Playstation, Coke, Taco Bell, and Facebook won't! They make money by getting you to waste your life. We make money every time you need a new skateboard, and skateboarding saved our lives. It taught us to endure and persevere until you succeed. Just ask Jerry Seinfeld.
And if you think making a sick playlist or beating the boss on the final level is going to prepare you for the real world, then you clearly have never taken a slam on hard concrete.
So, how are you going to feed yourself in the future with no job? How should we know? But what did your grandparents know when they came to America with nothing? And didn't you learn how to ollie? Didn't you learn to kickflip? To grind? To drop in? Didn't you slam over and over until you finally learned how to drop in?
Then you will figure this out too. We are telling you to get your ass ready. We are not selling you a fantasy.
Video games teach you nothing. College teaches you skills you will need for a career. Skateboarding teaches you everything you will ever need to know about life."
3 things come to mind:
1. Thrasher has been killing it since I used to grind my way to school 5 miles, uphill both ways.
2. That dufus millenial who has been playing the stock market to pay off his loans obviously hasn't heard of the easiest way to make money: inherit it.
3. Every skill I needed for my career came not from college per se, but from math classes. If i'd been told I simply needed to understand the world in multivariate terms when I was 10 yrs old, the rest of school (w/ the exception of Political Economy 100 (history of economic thought), I'd have been just fine in any field I chose.
I called peak stupidity a few days ago when I learned that there are pills you can take to put glitter in your shit.
"Beam me up Scotty as there is NO [zero] intelligent life left on this planet..........."
I canna do it Captain!! The shields are up!! The Klingons are mad at us for telling the TRUTH!!
Glitter in shit??? Gives new meaning to "glitter dick"...
Regarding the above article, just a modern day shoeshine boy. Get out while the getting is good.
It's an unacertainable clown show where it is impossible to know anything currency will do, never mind the related trades or stock markets *laughs*, or deciding on values generally. Seems like Mohammad is doing fine, except for maybe getting some undue attention. For a while there (forever, except the last 5 years) people could go bankrupt on student loans, which if left to exert normal market forces would help prevent lenders from lending recklessly. However that risk does not exist for lenders who use securitization to pass bad debts on to tax payers...sounds familiar eh? Basically you're all hooked to the tranfusion machine (government) that's keeping the banks alive...good luck.
Deja 1929 vu all over again.....
Today I am going to the VA hospital in Long Beach, California. To see a friend. One day I'll tell you all about my friend. He paid for America. All the way, kid.
Straight, catholic. Warrior. A brave and honorable man, who lived up to his values, every minute of every day.
I don't want to watch him die, slowly. I have to. Because its my honor too. When I die I hope someone cares as much about me. This christian man fought for you. Every thing you have, he gave us.
We are all blessed through him. The gift given cannot be paid back. Just do you best. Kid.
Why take pills when you can just do a few shots of Goldschlager for the same result ?
In the summer of 1929, when Joe Kennedy's shoe-shine-boy started giving stock tips, Joe knew it was time to go short enmasse. CNN is today's shoe-shine-boy.
which one Mohammad or CNN?
not so sure about it ... perhaps, part of the plan to sink them well and for good ...
ISIL psy-ops
The complete irresponsibility of CNN in encouraging gambling in the stock market rather than paying down student debt is appalling!!!
Responsible people know what these students should be doing is buying lottery tickets...
.
...with their student loan money. Why waste time going to classes when you can just Get Rich Quick® ?
To hell with the Banksters, I hope the students all default en masse.
Load up on student loans and buy put options with them, save a few bucks for beer and scratchers.
Yeah, like that convicted sex offender who just won 3 million fiats from a scratch ticket.
http://abcnews.go.com/US/convicted-sex-offender-timothy-poole-wins-milli...
Fucking sickening, ain't it?
Loved this line from the dumbass student stawk pumping article:
"After eight years, I would have $75,000 (assuming an annual return of 10%)."
After eight years, you will be a rotting skeletal corpse in Camp FEMA, where you languished for years after this shit show collapsed. Your derriere will have been wiped with those stock certificates, which will have been especially painful since the money you used to purchase those useless pieces of paper would have been better spent on that debt. After all, that unpaid debt is the reason you got sent to Camp FEMA in the first place.
And who the fuck, aside from the Rothschilds and their ilk, manages to accrue an ROI of 10% on any investment these days? Maybe this fuckwit student should have spent his time reading ZH instead of "Stocks for Muppet Dummies", and he would have learned all about the wonders of manipulated markets, rehypothecation, and NIRP.
Hey Jude
https://www.youtube.com/watch?v=w6_6pYNu5WY
Broke students to buy stock? Until margin calls sweep them up.
/ LOL
The Cassandra Complex - One Millionth Happy Customer
Go for it. We will be laughing on the sideline..
and they buy it and it's gone...
Ummm..in this envrionment I would recommend the same. I would encourage them to leverage that debt in any way they can, on margin. Anything is better than paying back .gov. Fuck .gov and lets hope our newest, brightest minds feel the same so that this farce can finally come to an end with billionaire-poles....which will be a popular term in the future me guesses.
YOU subsidize this madness.
Yes, but he will be subsidising it regardless of how this dude spends his income.
Its not a conservative move but lets be realistic, the poeple on this site eat up articles about how high inflation is, and I personally think its much higher than 3-4% as far as cost of living goes for a recent grad. Why would you ever pay back what ends up being free leverage in real terms? Even if he was paying the minimum payment and keeping cash under his mattress, hed still be winning out in my opinion.
This guy has a degree in engineering, an actual job after graduation, and stable income. Its not like he has a major insolvency risk as long as he keeps a safety net reasonably liquid.
Hell yes, or even don't pay your taxes for a few years and wipe out the student loans.
Tax debts can easily be settled for a fraction of the face, or discharged in bankruptcy.
When did ZH officially become an anti-finance blog?
I missed the proclamation.
Oh, this is the article I was looking for, the one where the kid fresh out of school explains how to make money in the stock market. I thought this was another fake crash, but it might be the real deal. Does Time magazine still exist? Do they have an issue talking about America's new generation of young Stock Market Whiz Kids? Or a Barron's cover story would be just as good.
haha...Time Mag is only about anonymous ghost virus chasers now....it should have been about that Nobel prize winner who Francis Nobel would have cummed in is pants over because of all of the peace applied applied by that Nobel winner. Peace in the form of high engergy, kid killing bombs with cameras and telemetry is exactly what Nobel wanted! These old corpses that invented this stuff keep giving and giving in their wisdom! Not that Nobel matters anyhow...crazy psychopaths would have figured it out just the same but might not have had a psychopath prize in their name.
https://www.youtube.com/watch?v=AYrpROr9Gmk
I'm curious how much the S&P has gone up since the ZH article about that little trader actress, Ms. Tongue Punch Her Fart Box, for those of you who were around for that one.
Logged into just up arrow you for working
'Tongue punch her far box' into this coversation...genious!
Topping signs are freaking everywhere.
What the signs that the Fed is "ontop" of it? ^^ I wonder , if the fed "losses" money on all the fake money it dumped into the markets, will it liquidate the shares it holds and push the markets into oblivion? do the powers that be have a stop loss set ? ^^???
I use the term "losses" very loosely also, as the Fed technically can't lose money . . . they can only . . . miss-place it.
It's just a thin wafer.
Regards,
Cooter
Selling "hope" to slaves... how very American Idol.
It is the "Enron Trap" writ large.
Push up the rigged markets to make your loot more valuable. Push up the value of the dollar and make your loot even more valuable in euros, and shekels. Get the sheeple in on the rigged markets to push the value of your wealth even higher. Yank the plug, and lock the sheeple in the markets with "circuit breakers," while you exit, "return," to Europe and the eastern med.
That is only Phase I of the "Great Collapse." Stay tuned for Phase II highlights.
An American, not US subject.
"Whether the roof is falling or not depends on whether you are standing under it or across the street."
I see Mrs. Madji played the game well. Put $50,000 of his student loan on her unsecured credit cards. And files BK a few short months later. ..
If she was wise she may have purchased some PM's as well...
FULL FUCKING RETARD.
Ahhh yes. . . the "Im fucked no matter what" so "I might as well gamble it all" logic. . . . I have been there (sometimes it works, most of the time . . . no, just no)
ALL-FUCKING-IN-BITCHES-IF-I-BURN-YOU-BURN XD. . .
IF-I-BURN-YOU-BURN (c) hunger games
Fire is catching.
Oh the weather outside is frightful
But the fire is so delightful
And since we've no place to go
Let It Snow! Let It Snow! Let It Snow!
Next they will tell - let's stop paying for any credit and let's buy stocks
oh wait ...
Mohammad Madji never mentioned his capital tax obligation. unless he wasn't paying taxes?
The other book he bought and read, Tax Evasion for Dummies, said never to mention it.
Was that written by Irwin Schiff? When is he due to be let out of prison? Got an email from Peter that he is selling his Dad's books he found in a storage locker? Wonder if the old man will get some of the money after Pete takes his commission??
Option 2 - leave the US, tell the bank to go F themselves and buy physical. But thst would be "unpatriotic". and violation the rule-or-law and all capital morals.
"But thst would be "unpatriotic". and violation the rule-or-law and all capital morals."
Exactly!
So F-them!
Making minimum payments and buying one gold coin each year should work.
It just hasn't yet.
Forget gold coins, buy some of Ricky's "Hash Coins":
https://www.youtube.com/watch?v=N65uFX6Kvpw
A great idea until the bubble bursts...
http://www.globaldeflationnews.com/anatomy-of-a-bubble-how-the-federal-r...
My dad gave me some money to invest in stocks when I was 16/17 (2003). My strategy led me to invest into high dividend stocks. When I started working I put my own money into stocks (high dividend ones). I greedily watched the market go up and up and up, all while cashing my sweet dividends checks. I used to spend hours calculating how much my portfolio would be based on the capital and dividend returns. I wanted to see how long it would take until the portfolio became 'self-funding' (i.e., I could use the dividends to buy more in a virtuous cycle).
Then 2008 came... hehe
I was in pretty much the exact same situation. He put 3k into an IRA for me, in 2003 as well, the year I graduated high school, and explained how it would go up an average of 10% a year, forever, and what that 3k would be worth when I turned 65, even if I didn't add anything to it. Then he showed me what it would do if, starting at age 23, when I was done with college, if I added just 3k more to it each year, and did nothing else. I was impressed. My mind could hardly wrap around it, it looked so easy. Then 2008 happened. I rode the S&P up to 1894, sold out. Took out all my principle. Bought physical gold with it. Left my gambling winnings in there, went short with SPXS, and have since lost 25 %. Not making any changes. Just gonna let it ride out. No matter how it shakes out, I'm a lot better off than I would have been otherwise, but if the market really does tank, it'll be fun watching people panic, while that selling panic makes that shit moon shot. But I've about decided it's just not ever going to have a real correction, just keep going up and up as the dollar becomes so worthless S&P 10000 still doesn't buy a nice steak dinner.
How old is the Etrade baby now? does he have a discretionary account?
CNN money claimed in 2007 that everything was fine. "Housing was the best investment anyone could make." They recommended buying over your price range in order to lock in the equity rise coming in higher end properties. The suggestion to always buy beyond your means was never retracted. They are uselss liar shills, talking the book of those who pay them to talk.
Actually, there are some good buys in the US housing market; just be sure you're 500 miles from the nearest city.
Because stocks always go up you fucktard.. You didn't learn anything.. PLease report to the closest train for your all expenses paid soylent green grand prize trip.
Yeah, but they mostly do. Consistent purchases of Small Cap growth stocks outperforms any other investment. You must have the nads to buy through the down cycles to lower your basis.
A blended portfolio of SCG, First Trust Deeds to real estate, and Long bonds is the set and forget portfolio.
How is moms basement
The modern equivalent of the shoeshine boy giving stock tips.
Speak for yourself, but my shoeshine boy has given me a bunch of hot stock tips.
I followed every stock tip from every liberal media expert I watched. Today I am a shoe shine boy just workin my way back to school.
SHINE, get ur Shine Here!
Pssst, hey, I hear Walmart China sales/inventory is through the roof. I've got some shares right here in my shine box. I can let you in for a gross.
Kprime, shame on you. Don't you know that the best investment policy is to do the exact opposite of whatever the gubmint, Goldman Sachs, Jim Cramer, and the MSM say to do?
http://www.newyorker.com/humor/borowitz-report/cnn-defends-new-slogan
An engineer should understand that leverage works the other way too - no?
"The Public Be Suckered!"
http://www.showrealhist.com/RHandRD.html
That's OK only 302 students watch CNN and they're all in Yale and the other Parasite institutions; the breading ground of nepotism.
Don't worry though mummy and daddy's assets will be repatriated.
The shit falls from the shovel. Nigro President Obama is pressed to create to new conflift.
http://tpc.pc2.netdna-cdn.com/images/Battle_of_Tours_CHarles_Martel.jpg
Torture Report
http://www.history.com/topics/middle-ages/videos/charles-martel-repels-the-moors
The bankers that control CNN, CNBC, Washington D.C. The FED and so on are telling you flat out that market indexes are the result of computer software applications that they also control. How much more do you need to know to BTFD?
Well, you gotta admit, he bought the book with the right title.
I love it. These little stories will make for even more hilarious reading when it all finally goes to hell.
Like this one : https://www.youtube.com/watch?v=20n-cD8ERgs
Casey Serin 2.0
So we've gone from bellboys to students dispensing investment wisdom.
What next? Perhaps a feel good story of how a food stamp recipient was able to buy stocks and now is fabulously wealthy?
Or even better, how about a feel good story about how Warren Buffet avoided paying his taxes and bought more stocks which enabled him to retire for the millionth time?
A double whammy.
"
The loan burden: My mother was overly ambitious in helping me and put a lot of my tuition payments on her credit card; as a result, she ended up claiming bankruptcy my senior year"
Asshat. Take responsibility for yourself. You let your mom pay too much and go bankrupt.
He sees it as a smart play that reduced his student debt.
Actually his plan is to live off his mother until he can live off his children.
Yeah, that's exactly what all those doctors who declared bankruptcy upon graduation from medical school said, too. This is why student debt is no longer dischargeable. Wait until the Squid catches on to this latest trick. Then credit card debt will no longer be dischargeable, which will fuck (up the ass without courtesy of lube or a reach-around) so many more millions of debt donkeys.
At least he's one of the rare exceptions of someone who's actually making his student loan payments. When the music stops however....he's fucked.
Not making payments on the loans that went on mommy's credit card.
Yeah, and is he giving some of his investment capital to mommy to pay for the way he destroyed her credit and thus made all her insurance go up and made it more difficult for her to get a job? No? Then he's a greedy, cheating bastard. We sure he didn't go to school for investment banking? He's got "bankster" writ large upon his forehead.
There's your fucking bell folks holy fucking shit!
Remember their selling point of the mortgage mod was to use the "savings" to buy more junk not to make it easier to pay the loan down.
Those with student loans should just Stop paying. Get deferments, whatever, and just Stop.
Then as things get worse, just Stop paying on their other fiat debts as well.
Then when things get real interesting, Stop obeying as well.
They funded the debt-money they loaned you from the theft of your deposits and theft of your wealth from their counterfeiting. In other words, any and all debt and loans that you have outstanding actually represent wealth stolen from you. You are paying them for the use of your OWN wealth.
Don't pay them back, ask that they repay you what they have stolen from you.
An American, not US subject.
The essence of all of their propaganda is to have you believe that they are the arbitrators of what is right and valid for you--to relinquish your freedom to them. While they ask, demand this of you, they retain the right to define what is right and valid for themselves.
Are you free? Who decides for you what is right and valid?
I'd love to get some kind of mechanical press to hold open the jaws of everyone who works for MSM so I can eat prunes, black beans and triple strength coffee (90 weight) and slide brown eels out of my ass down their collective throats.
but that's just me.
I'm silly like that.
I gotta back down from the funny shrooms tonight.
Maybe you should try decaff?
We're in the Desperation phase. Making popcorn...locking and loading...
lol
fun times ahead.
one man's apocalypse is another man's end of the world party.
I don't see a problem. I'm investing instead of paying off my mortgage.
in this day and age, suckers pay their debts.
When otherwise perfectly honourable professions (ie: engineering) see their junior members forced into speculation to survive, you just know that the country is screwed.
He's a step above the shoeshine boy on the social ladder. This sucker has a while to run yet.
I had previously thought that CNN Money was just for simpletons to help them get started, but there appears to be Wall Street corruption involved as well. It's stupid to gamble instead of repaying student debt, especially because one can not file bankruptcy to eliminate those debts.
Shoeshine Boy indicator.
Indeed.
Buy stocks on credit. What can go wrong?
According to Krugman, it only goes wrong if you don't use enough credit, so borrow big. Really big. It's the American way!
CNN should just start offering flushable versions of their stupid stories.
If you have an impossible student loan debt, then negotiate the lowest possible payment to keep 'em off your neck, then put the rest into PM's.
When PMs correct in price, you can pay them off with a couple of Canadian maples.
The only sensible strategy for a debt you are stuck paying even though you can't mathematically PAY it is to pay the least amount you can, and do something worthwhile with the money you save. Payment towards debt is dead money, and thrown at impossible debt it is foolish dead money.
Life is short. Live while you can.
Oh, and I almost forgot...the people at CNN are assholes.
WTF?? Haven't we done enough harm to our young people? No jobs, endless war? What kind of nation have we become when these are the only choices we have to give our children? Morally bankrupt.
Another example of why you shouldn't send your kids to college. Let's face it: the people running the economy went to college, too. How are they doing with their judgements and decisions?
This message is brought to you by. Come on even CNN has to make money somehow.
No No No Don't do something that you know will improve your life. Don't pay your debts off. Buy my shitty stocks so that you can get in at the ALL TIME HIGH. That is for sure the way to go.
#winning
DEBT = SLAVERY.
Actually with the new repayment plans on large amounts of student loan debt the thesis of this article isn't bad.
Of course I would like to expand the 'buy stocks' to both other investments and saving.
I know it sounds crazy but if your only asked to come up with $200 or so a month for a huge loan that would otherwise take several years and every penny you make to pay off.......you could potentially come out ahead taking this route.
It's worth cruncing the numbers and taking other factors into consideration. Such as I suppose it may be possible the debt could not be good on your credit that could make buying a home hard? I don't really know. What I do know is that I have my home payed off and still have average real estate tax bill of nearly $500 a month so owning a home is really overrated. You'll be a slave in this system no matter what you do. That's why I think you should consider every situation possible, no matter how crazy sounding because in the end this whole system is a farce to begin with anyway. I hate sounding like Hillary but 'what difference does it matter' comes to mind lmao. God I hate that bitch.
Yeah stop paying your student loan cause you've just signed onto 300 trillion + in derivative exposure..you're gonna need the funds.
Nothing wrong with paying off your debt and trying to save money/investing smartly. When I graduated, I paid off my student debt within two years and also managed to buy 5 ounces of gold. Obviously gold > equities at the time but it was still a risk that paid off nicely.
The kid is strictly an idiot for assuming every scenario would have led him to an equity investment account that was the size of his student loan debt. I hope he only owns the S&P500 and not all of the tech bs
double post
"The horror... the horror." - Colonel Walter E. Kurtz
We'll see this guy again. It will be after the next crash. The article will be pushing for student loan forgiveness.
This guy is now a gambler. He's hooked. He's staying 'all in'. Those that know how to gamble and not give back everything they won and then some know how to pull out their winnings. This guy can't do it. He's going to lose it all back to the house and his principle. His debt will remain with him.
So, mommy is bankrupt but he's in a good place now... hmmm
#Winning
Students are paying off their student loans not because they don’t want to. It is because they can’t afford it. With unemployment rate on rise they can’t imagine giving a part from their budget to the government or whoever they were borrowing from. But I have to admit, that many of them should have thought of this earlier when they were buying best essay papers for sale online. I mean they could have obtained part-time job that could reduce their everyday expense (it could have covered their dorm expenses, for example). I guess now it is out of the question to pay off their student loans.