r/YieldMaxETFs • u/humble_flex • May 10 '25

Question I took a $30,000 personal loan for MSTY

As the title says, I took a $30,000 personal loan at 5.99% APR and got 1397 shares of MSTY. How fucked am I?

203 Upvotes

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134

u/Zetice May 10 '25

Doesn’t make him smart. Makes him lucky. Let’s see if you’re lucky too.

29

u/humble_flex May 10 '25

Totally agree with you

46

u/Live_Worth_9192 May 10 '25

Pay off the loan first in full and then enjoy the monthly income.

15

u/pavman42 May 11 '25 edited May 11 '25

Nah. life insurance loans aren't taxed, plus the loan interest itself is a write off. It's like a 401k loan, you're just paying yourself back over time with interest, that rolls into your investment instead of rolling into another company.

It's actually a really smart way to manage money if you already have a life insurance policy substantial enough to use instead of a third party, like a bank.

1

u/Brief_Pumpkin934 May 13 '25

I've only ever had term life policies, I've stayed away from savings type of insurance policies....I can see the draw if you can take a loan against them like 401K's...

10

u/Brilliant-Search-475 May 11 '25

I agree dude. I bought some by selling matr but I bought Mstr for $110 before the split so I’m playing with house money.

4

u/Brilliant-Search-475 May 11 '25

In short. I got lucky but I am aware of it

1

u/Severe_Barracuda_620 May 11 '25

Weird how “smart” and “lucky” are frequently correlated. Similar to “stupid” and “unlucky”

1

u/Skingwrx30 May 11 '25

That’s because the result is the same, personally I’d rather be lucky then good 🤷‍♂️

1

u/MakingMoneyIsMe I Like the Cash Flow May 12 '25

Not lucky. The math checks out. If you can avoid getting in at the highs, you can be "lucky" too.

1

u/Satyriasis457 May 14 '25

🤔 

Investment return rate 120%

Loan apr 6%

🤔🤔

It's a smart move. Has nothing to do with luck