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Borrowed money from the bank to Invest in stocks

159 replies

Jitster · 30/03/2024 09:28

Ok, I made a dumb mistake by borrowing money from the bank to Invest in indivudual stocks. I borrowed £40K at 4% interest rate. Now I'm left with 19K! And a debt of £32K. The 19K is now fully invested in Vanguard All world ETF. I also have £21K in savings.
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Should I pay this debt by selling the ETF and using savings? Or should I keep on paying the monthly loan repayment amount of £477 for another 6 years?

OP posts:
FizzyDucks · 04/04/2024 21:40

God I'm so tired that I read the title as "I borrowed money from the bank to invest in SOCKS!"

Time for bed.

FizzyDucks · 04/04/2024 21:43

... having just read the thread I think the OP may have actually had better off investing in socks instead.

Jitster · 04/04/2024 21:49

@FizzyDucks

Looks like you want to give it a go. It's not for the faint hearted though. You have to be non emotional.

OP posts:
FizzyDucks · 04/04/2024 21:55

Jitster · 04/04/2024 21:49

@FizzyDucks

Looks like you want to give it a go. It's not for the faint hearted though. You have to be non emotional.

I will see what my sock broker can do

Jitster · 05/04/2024 17:07

If you need any tips, then give me a shout 😉

OP posts:
FizzyDucks · 05/04/2024 18:25

Jitster · 05/04/2024 17:07

If you need any tips, then give me a shout 😉

I hear the foot-se 100 is pretty solid

Jitster · 05/04/2024 18:46

Trash compared to S&P500. One is David the other Goliath.

OP posts:
Cantabulous · 05/04/2024 20:07

Jitster · 05/04/2024 18:46

Trash compared to S&P500. One is David the other Goliath.

Bonkers as you are OP, I do agree with you there. That’s what my sock broker says anyway!

Jitster · 05/04/2024 21:51

But remember the portfolio is not complete yet, now you need to spice up your portfolio by adding ETH and SOL. Just a matter of time before US SEC approves spot ETFs for ETH and SOL, watch these 2 babies fly to the moon...😉

OP posts:
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