Be me

History repeats. Wait until stumps out the office.

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news.slashdot.org/story/18/03/26/1929251/students-are-using-their-loan-money-to-buy-cryptocurrency-study-says
I also read something similar a decade ago, you're not the only one thinking of this "ingenious" plan

>>Hurr durr should I buy stocks before the recession
Fucking retard

Unironically, I take this as a sell signal. I saw something similar back in 2006-2007.

but orange man great

bogleheads.org/forum/viewtopic.php?t=5934

>Summary: Econ grad student applies Mortgage Your Retirement theory at the top of the last bull market, starting around 2x leverage, loses $210K of borrowed money, and is forced is to sell what's left of his portfolio at S&P 821 in November 2008. The complete wipeout results in a reflective period where he recollects the circumstances that led him to adopt this strategy, some of which will be included in a book. He spends five weeks in Asia and begins writing about how risk and progress can be framed. Returning to the US, he slashes his expenses, finds several ways to increase income, earns 914% on the IRBLTG Fund, and pays off all his high interest credit card debt. Net worth tracker continues to be updated.

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I can't wait to see what happens to crypto in a recession.

Godspeed user
Puts on everything

Were gonna get rekt fren

In principle it is not a great idea to deceive and steal from your parents. You're too young to know how to properly invest that money and will fuck it up.

Indeed, I think so too. Every major selloff in the real world resulted in crypto falling, so correlation is definitely there, but who knows why. My speculation is that it will tank when the recession comes, but I dare not speculate for how long and how much but I do think it will bounce back before recession ends. Just my two cents, but I'm really curious how it will unravel.

what do the axes represent on this piece of shit graph you absolute retard brainlet

>le edgy date ideas.
Boooooooomer rich guy here:
Keep the golden rules of biz in mind
1) Invest what you cant afford to lose
2) buy high, sell low
3) never ever listen to Jow Forums

You'll be fine

don't be an idiot

use your money to get a career, once you have the career you can invest excess income

it is literally foolproof unless you are an idiot. what you propose could basically ruin your life before it even began.

>don't understanding that simple graph
>calling others brainlets

Im pretty sure if I discuss this with parents, they will understand

I cant seem to find any down sides, If I will fuck up, I will just be a normie with a debt, like everyone else is. Also I question my university degree a lot, which I believe is unhealthy as well, not sure it is worth it. Maybe that's because in the US you are either in Ivy league or from some community college, but here it is different and nobody cares where are you from, as long as you can show some decent performance

>brainlet
It's not a graph if there are no units.

>I cant seem to find any down sides
>If I will fuck up, I will just be a normie with a debt, like everyone else is.
does not compute

being in debt is cancer, never ever do it unless you absolutely need to

if you can afford a down payment on your house/apartment, you now pay money toward your mortgage, effectively building your net worth - if you pay rent you piss the money down the drain

quick example:
paying rent in my area is about 1500 dollars a month for an apartment matching my own
my mortgage + real estate tax is roughly 1000 dollars a month

if I was in debt and couldn't afford my down payment a few years back I would be ~2500 dollars poorer than I am now, every single fucking month

t. 250k net worth at 25

>But but I aint no trader
its obvious! your also to dumb to pick companies long term! So the S&P...its in a down trend...don't buy in a down trend! Now Fuck off arrogant Zoomer!

Deffo newfags!

I've been shitposting in these threads back when we were on Jow Forums nigger

This was quite a read. Thank You.

lol do you just look at the lines and say "ahh dem good rep bad!!!"

Just put it all in Chainlink and then buy the uni in three years.

>gets rekt in a crash
>makes gains in a massive bullrun
>"zomg Im a genius better write a book"

Rent vs mortgage is highly dependent on the local market and personal lifestyle desires. I rent in walking distance for $1300 but nothing nearby could mortgage for that little. Rent and interest are equal piss, too. Live how you desire to while minimizing the piss.

No. Your investing is nothing but gambling. You might get lucky but don't kid yourself that you are actually investing.

There will be no recession. The fed reserve ain't gonna jack up interests rates as much as it did the past year. The past quarter was just a correction