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

Gee, a newbie Trader doesn't know Charts, doesn't know Macro or F/A. This doesn't sound like a good idea.

What do you think @destriero ?

 

So you mean like a home equity line of credit. I do not know how they approve those. Out of my league.

 

You want to lend OP the money? Be my guest

 

yes you are right, I stand corrected OP mentioned that.

Though even for unsecured loans its a mixed bag. Personal loans most likely won't get approved for investment purposes, student loans obviously not for sure, but credit card loans can definitely be used to purchase stocks. Nothing prevents someone from borrowing against his/her credit to invest in stocks.

 

Some people might think if you have to ask that kind of question, the answer is obviously no. But there are a few possibilities:


That one requires collateral and is normally short-term. So it's out.



This one requires strong bones and/or a high pain tolerance. It's also short-term, so it's probably not for you.


So, there is really only one possible choice:

 

It’s not uncommon for banks to loan money for stock purchases if you have sizable real estate equity.

 

In order to get a loan all you have to say is that you are 75% wrong on your predictions, so you need extra money to keep it going.

They will understand.

 

I would rather give my toaster swimming lessons in the bathtub than loan OP money to trade.

 

Ya might as well tell them you're heading out to Vegas and you need some dough to gamble with. Oh, and don't forget to mention you only fly first class.

 

A bank is gagging to give you an unsecured line, if your credit is good. You can tell them you are buying hookers and blow if you want. You'll give the bored underwriters a good laugh.

But why bother? You get a better rate with broker margin regardless of credit. Even if you do a bank loan secured with stock.

It's a silly question.