I have 2 questions. 1, If you applied for a loan from a bank, what wouild the interest rate be? 2, If you put the same amount of money into a savings acct, how much interest would the bank pay you?
I have a clothes dryer but almost never use it. Give me a clothesline any day. I just can't wrap my head around paying to dry clothes when nature does it for free. How many tons of coal wouldn't need to be burned or nuclear power plants could be shut down if everybody on earth used a clothesline?
lindsyjones: Ooby, future is better than that but very volatile. I lost a lot of money from that but can also win a lot. Very risky, though.
Anyways, borrow at 1.9 and invest at 3.5 then what a windfall would that be..
Sorry babe but your numbers are a little off. Nobody is going to give you a loan for 1.9% not even on a 30 years fixed rate mortgage. Plus you can get a lot more than 3.5% if you know where to look. The other thing is it costs money to make these transactions (commissions). Everybody takes a little taste. You have to account for the costs.
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