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Immetoday

5,019 Posts.

843

17/04/21

13:18

Post #: 52537205
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Originally posted by aussieasxboss: ↑

it's basics maths ! it's a bad idea

CC is 20% interest a month

are you going to make 20% on IVZ a month ?

prob not .
don't look at the gains it's been made . it's been pumped to the max. when the dust settles you
will be lucky to make 2-3% a month

you will make 10% a year on it

so each month that you don't it's going to cost you 20% a month on your initial investment

instead of making 2-3% a month you will be losing 17% a month

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.....less tax on profits as well.

Bad idea
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