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Borrowing money from family to invest..
Simple prospect.
My sister does not invest her money. She's got $y in a savings account paying 0.05% (and I did not misplace my decimal) yearly compounded monthly. My offer: borrow her money at a rate of x% per year compounded annually. I have very little investment knowledge, but I have much of my money in growth and aggressive growth mutual funds. I'll just do the same with hers and pay her her x% yearly and repay is whenever she chooses to take it out. What's the highest you'd allow x to be if you were to invest y in mutual funds and expect a positive expectation? High risk tolerance. I did not include numbers or my thoughts because I feel they are irrelivant. Any thoughts would be appreciated. |
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