Tani Coyote
Son of Huehuecoyotl
- Joined
- May 28, 2007
- Messages
- 15,195
Is 1600 dollars good collateral for a 3900 dollar loan?
I'm thinking of borrowing some cash from my Dad to be able to profit quite nicely. As well as add a bit more to my regular income.
He's going to give me the money anyway come January, to pay for a car/tuition and such. So I figured I might as well try to get the money now and earn some interest on it. At the very least, we can tolerate a 33% loss, but given my record these past few weeks(compare to my record when I had a few thousand just a few years ago! Oh lord...), I think the risk is acceptable.
I'm thinking of borrowing some cash from my Dad to be able to profit quite nicely. As well as add a bit more to my regular income.
He's going to give me the money anyway come January, to pay for a car/tuition and such. So I figured I might as well try to get the money now and earn some interest on it. At the very least, we can tolerate a 33% loss, but given my record these past few weeks(compare to my record when I had a few thousand just a few years ago! Oh lord...), I think the risk is acceptable.