Will a bank give you a line of credit to buy stocks?

I still got some buying power, but if we go down much further I won't be able to put any more money in stonks. And the lower I go, the more I want to buy!

Anyone know whether a bank will loan you money if you tell them straight up you want to buy stonks with it? I'm not talking about mortgaging my house or anything. Just I want to buy money from you and not pay you back for a long time because I want to buy stocks and, while it might take awhile, I know [5] years from now they will be much, much higher. That sort of thing.

Thanks.

 

I'm pretty sure the answer will be flat out NO across the board. However, there are banks that lend money based on portfolios. Like if you own 50K in a mutual fund, they will let you borrow against that.

 

That would be an illegal extension of margin.

 

When you take out a bank loan, you can use the money for
whatever you want, but I would advise against it. If you
aren't able to grow your account and be profitable, then
you should probably be doing something else.

 

This is a joke question, right?

Did Baron put you up to it, to gen clicks?

I'm j/k also Baron.

 

if you tell them it is for stock purchase the loan will be denied.

 

Call me crazy but using a martingale strategy to re-balance your portfolio just doesn't sound like a good idea to me.

 

Of course they do, as long as long as you put up collateral like your house or so. You should rush to get that loan and buy more. Because once guys like you puke we get a very swift down move so that I can cash in my profits.

 

Credit card cash advance. Then take out a student loan. Maybe your student loan will get forgiven just before the 2024 election.

 

That's flat out wrong. As long as you qualify for a general loan you can do anything you like with it. If it's a special purpose loan like a mortgage then you can't. Goodness, how old are you?