I only ever recommend people to borrow for appreciating assets, for instance a house. A housing loan is the only ever loan I took out.
I never recommend personal loans for cars or any other purpose. I guess the only other exception would be borrowing for a business, that is to produce an income.
But I do not believe in borrowing for shares in the stock market, even Warren Buffett advises against doing that.
I never recommend personal loans for cars or any other purpose. I guess the only other exception would be borrowing for a business, that is to produce an income.
But I do not believe in borrowing for shares in the stock market, even Warren Buffett advises against doing that.