I have borrowed $10K at 3.25% interest, and the goal is to use this money for short term trading with a target of $1200.0 net profit within 12 months.
The 3.25% interest is tax deductible. Each $100 profit earned to be used to pay down the loan principal. $100 net profit per month from short term trading is doable, but I will need to be patient and disciplined. I need to first establish that I can consistently net $100 profit per month.
No comments:
Post a Comment