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UPS Retirement Topics
Making More Money Now Than When I was Working Full Time - On Topic
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<blockquote data-quote="dudebro" data-source="post: 2806789" data-attributes="member: 11234"><p>You might be full of snark with this comment, but, you realize, the richest people in the world, and the banks, do EXACTLY this. They call it arbitrage, or a hypothecation loan, to make it sound cooler (and shorter) than borrowing cash at 3% (minus tax deductions on interest) and making 6% or more on it.</p><p></p><p>Or maybe you might have noticed your local bank will lend you money at 3% or more, and pay you 1% if you're lucky when you lend THEM money (open a savings account). Arbitrage, my man.</p></blockquote><p></p>
[QUOTE="dudebro, post: 2806789, member: 11234"] You might be full of snark with this comment, but, you realize, the richest people in the world, and the banks, do EXACTLY this. They call it arbitrage, or a hypothecation loan, to make it sound cooler (and shorter) than borrowing cash at 3% (minus tax deductions on interest) and making 6% or more on it. Or maybe you might have noticed your local bank will lend you money at 3% or more, and pay you 1% if you're lucky when you lend THEM money (open a savings account). Arbitrage, my man. [/QUOTE]
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