CLF loans
CLF loan menu

Can I Get Out of Debt Trading Stock?


The latest applicant is wondering whether he can get out of debt trading stock? Many people have in fact made huge amounts of money in the stock market. But thousands more, in fact millions more have lost money in the market. Trading stocks is not for the faint of heart.

There are many different strategies for investing in the stock market. Associated with the strategy that you follow is the level of risk tolerance that you’re able to deal with. If you have $50,000 invested in the stock market, and lay awake at night worrying about your investment it might not be the right approach for you.

Day traders, are well known for making huge amounts of money and also for losing huge sums of money. They are dealing with large sums and also relying on the fluctuation of individual stocks on a daily basis to make a few pennies on the dollar. They trade often, sometimes every day on a given stock and are satisfied when they make a profit even if it’s just a few pennies per stock. This takes a lot of time and effort to stay abreast of what is going on in the market as well as in the world.

Long-term investment strategies suggest investing in blue-chip stocks that pay dividends and also have a growth potential. While this strategy is great for someone saving for their retirement, a long-term investment strategy is probably not the right approach for someone who is looking to make money quickly to reduce their debt.

The reality is that a consumer investing in the stock market needs to do their homework, evaluate the company that they are investing in and evaluate the risk associated with that company. They also must consider their risk tolerance and need to make a profit in the short term. If you can satisfy those conditions then you might invest in the stock market to make money to pay off your debt.

A couple of suggestions are in order for this question:

First of all seek out a financial advisor that you’re comfortable with and can trust. They will help you formulate a strategy for investing your savings, your retirement, and of course dealing with your debt.

Secondly, develop a Plan B. If this strategy does not work out and in fact you lose money or even just break even, you will still need to deal with your debt. You may want to consider a consolidation loan at a low interest-rate with a longer-term to provide more comfortable monthly payments that you can afford. You will pay less interest than if you just leave your debt as part of your credit card accounts.

You should also consider reducing the number of credit cards that you have to avoid future temptation to purchase items that you cannot afford.

Finally, world events tend to impact the stock market and the fluctuation of various company stocks. Events such as wars, financial stress in various countries, recessions, and individual market events can impact a particular stock. It can be like a roller coaster, However if you’re patient and make good decisions it is possible to make money on the stock market.

DEFAULT LOAN APPLICATION FOR BORROWER’S INFORMATION

Home/Mortgage Loan Amount : $50,000

Home Loan Application and Processing Speed (when do you need the funds): quickly

Do you currently have a mortgage? : no, I rent

Bank Name and Branch : The Merchants National Bank of Sacramento, 7th st.

What City/Town, State and County do you live in? : Sacramento, California

Zip : 95814

What is your employment field? : Lobbyist

Employment Position : Analyst for a state lobby company

When are you paid? (monthly/weekly/biweekly): bi-weekly

Your credit rating to be – excellent, fair, or bad? : fair

How did you find us? : searching for loans online

How are you paid? (direct deposit/paper check): direct deposit

Gross Amount Per Paycheck : $2307

Do you agree to have this information published online, without your PRIVATE information of course? : yes, However I do not want anyone to find out what personal for information or where I work.

Extra information here please (some detail):

Hi, I need $50,000 to repay some credit card debt and consolidate some other loans that I have. I currently rent an apartment, and I own my own car with no monthly payments. I have never missed a payment on my rent, or my utilities, or my credit cards. However at the moment because of the amount of money I owe on my credit cards, I’m only paying the minimum monthly payment which is costing a lot of money and interest.

I have several credit cards, all of which are charged up to their maximum. Each one has a $15,000 limit and they are all charged to the maximum. I have one small loan that I’d like to include in the consolidation. I’m hoping to be able to either get a low interest loan to consolidate my debt or buy and sell stocks to make some money.

I have another question with regards to getting out of debt and consolidating my dead. I was wondering whether I can buy and sell stocks to make a profit and pay off my debt?

Some of my friends talk about how much money they have made by buying stock at low prices and then selling it once the stock has increased in price. They claim they have made thousands of dollars doing this and are able to buy a lot of things that I cannot purchase.

In addition they have been able to pay off their loans and credit card debt. In some cases they have lost money, but then the next day the stock market rebounds and they sell at a profit. I realize that this is not a sure thing and that there is quite a bit of risk associated with the stock market. But I really need to make some extra money over and above what I make on my job so that I can pay off my debt or quickly and enjoy some of the same things that my friends are able to do.

What do you think of this approach and how risky is it?

clf spacer

Below Are Some Related Publications You May Find Interesting





Do You Need a Personal Loan Approved Today? Use the comment form below to alert our lenders of your requirement - use your FIRST NAME ONLY for this initial pre-app loan request.

Use the comment box at the bottom of this page and tell us,

- how much you need to borrow
- what type of loan product you need
- what City and State you reside in
- what your credit score numbers are
- how quickly you need the loan

Your email is never made public, saved, or shared. Your privacy
is never compromised.

Unkind words will not be published.

Thanks for visiting Californialoanfind.com ;-)


BELOW IS A LOAN CALCULATOR FOR CARRYING OUT SOME LOAN CALCULATIONS-------------------------------------------- Enter the loan amount, year of term, interest rate, and payment periods (14 for biweekly, 30 for monthly, 7 for weekly. Very helpful so you know exactly what the loan will cost you in interest payments and you will know the total COB (cost of borrowing).
Loan Amount:

Interest:

Years:

Days between payments:
30 for a Month, 7 for Week
and 14 for Bi-Weekly. Easy!


When filling out your initial loan request, use FIRST NAME ONLY and NO PHONE NUMBERS please. This is for your privacy and security. Thank you for using Californialoanfind.com!

After submitting your loan request please consider "Liking" or Commenting on Google+ and Facebook.

3 Pre-apps

  1. Jim wrote:

    We need this loan to finish an apartment that we are building in our home.We are doing this to improve our yearly income.The apartment is 85 %, finished.

  2. Phil DeLeers wrote:

    Hi,

    Is there any update?

    How will I be contacted?

    Phil

  3. CLFadmin wrote:

    Hi Phil,

    CLF staff won’t ever contact you. Our site is just a meeting hub for borrowers and lenders. After your pre-app is done we are out of the picture – it’s up to lenders to contact you via email if they’re interested in maybe helping you. Sorry you have not heard anything yet. You can always try again on a different page.

    CLF Staff

After submitting your loan request please consider "Liking" this page on Google+ and Facebook using the buttons above.

Your email is never published nor shared. Required fields are marked *
*
*