Thanks for checking out my post. Over the last few months, I've started thinking about finance & investments etc, doing research here and there, and starting to think about how I can start investing to make my money grow.
A brief background on myself: I'm 24 (going on 25 shortly), earn 60k a year (before tax), and have very few fixed expenses (being rent, food, and internet. Work pays for my car). I have about $14k in savings, and am planning on putting $5k of this into a Vanguard index fund soonish.
I also recently learnt about margin lending, and am considering taking up a $20,000 loan to re-invest. I know to some people $20k isn't much, but for me it feels like a lot of money, and I'm comfortable with this amount becuase I'm sure I could pay it back in about 2 years (i.e. not long). I also have some savings similar to this amount, which can provide me with a buffer from the risk.
Also, regarding investing the $20k if i was to arrange a margin loan... I'm not an experienced stock trader at all, so I am assuming my best bet here is to take the advice of stockbrokers? I'm also considering putting a few grand into some of the banks at the moment, due to their bargain value at present and should rebound in 12-24 months......?
Anyway... that's probably not the world's most sophisticated "investment plan" but I'm only young and figure getting started now is probably a good idea. I'd love to hear any feedback, comments and ideas you may have, they'll all be taken seriously.