Financing Survey
Hey all, I'd like to take a quick survey of the group. Basically, when you bought your Trailer/RV, did you finance? But, lets go a little deeper. Not just did you finance, but these questio...
Forum Discussion
4x4ord wrote:mowermech wrote:
Those who have lots of money invested in financial institutions should keep in mind the only way they will get a good ROI is if the financial institution LENDS their money to others.
If a majority of people stop borrowing, the ROI is going to drop catastrophically, because the lenders won't be collecting any interest that they then return to investors. It is pretty much a closed loop.
One should be very thankful for borrowers. THEY make the system work!
If it makes sense for me to borrow money at 3.5 % interest to put into the stock market just think of all the money the banks could make investing in stocks when they get their money for next to nothing. I wonder why they look for people to lend money to at a piddly 3.5 % when they could invest in the stock market and make the big bucks?:)
There are many other ways to invest money besides the stock market.
To paraphrase Halmfamily, enjoy whatever way you've acquired or will acquire your RV. Just camp and enjoy.
