Should I borrow money on my Visa card to buy Visa stock?”
The introductory rate on those credit card checks is very temporary and can change suddenly without notice regardless of what the credit card company says. When it does go up (and trust me it will go up), you’ll be paying something like 12 to 18% or more annual interest. If you are late with just one payment, that rate can go to 28% or even higher! The stock would have to increase by not only that same percent every year, but by quite a bit more for you to really come out ahead after fees, interest and taxes. Plus, if the stock dosen’t go up, or worse goes down, you will be paying a very high interest rate on the money you spent for the stock the whole time you’re waiting for the stock to come back up, assuming it does. By buying stock with a credit card, you would be multiplying your risk unbelievably! In my financial counseling practice I teach a couple of very important rules for investing: First, never, ever borrow money to invest. The fact that you even have to borrow to invest sh
