Hi guys !
I was wondering what you think about loaning money for investing it. I’ll explain :
Some of my friends are not interested at all about investments as they don’t want to take any risk. Even though I try to explain to them the different options, they don’t want to hear it.
For me, it’s a shame so I’m thinking : what if I propose them a fixe interest rate in exchange of them loaning me the money ?
Here is what I propose : 3% yearly interest with at least a loan duration of 1 year. In the meantime, I invest this money and make additional money. I make sure to write a debt recognition for my friends as an official paper. Of course, I explain them what I do with their money.
Another way : I basically took a consommation credit at a 4.7% rate. With it, I invested in Bali in a house that will give me a 22% of investment return.
What do you think about that ?