I'm trying my luck with scholarships and stuff but it's becoming ever more clear that I'm gonna have to take out a loan to compensate for what the scholarship doesn't give me, think cost of living and other expenses. But there's always the possibility that I'm just not gonna win the scholarship, and when thinking about what to do with the loan to try to make it worthwhile, of course stocks came to mind.
I know I could always just pay it back and be done with it, but I could also leverage it to make more money. Real state is not an option simply because I don't want to deal with that knowing that I don't wanna stay in my home country, so stocks seem like the better option.
I was thinking about my classic S&P/US dividend/International/REIT ETFs that I've had for a while now, and with the current market downturn it seems pretty wise, but I'm not sure of what conditions the loan should have for this to not bite me in the ass, or if it even makes any sense.
So, what do you think Reddit? Am I just a 3rd world country idealist that's gonna get burned? Or is there any merit to this approach?
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