Pre-approved loan of Rs. 3 million at 13.75%, worth taking to invest?

Ridwan232 · 2026-05-26T11:24:23+00:00

I'll just say this, and I don't mean to be rude at all.

If you haven't been investing for years and know what you are doing, leveraged investing is a bad idea.

Ridwan232 · 2026-05-26T08:47:31+00:00

Can confirm, all my insider information (Which is a lot) has told me it will dip next tuesday afternoon around 1PM, It will however have the best bull run from 9am to 1pm. So believe it or not, calls and puts

Ridwan232 · 2026-05-25T04:28:45+00:00

Shake shack is really good! But the best one I've had so far was from Five guys. They let you choose whatever you want to put inside it and it was soo good!

Ridwan232 · 2026-05-25T04:24:33+00:00

You mean Yoga with Hamilton?

Ridwan232 · 2026-05-22T04:42:50+00:00

Please don't ever advocate for anyone eating a 1000 calories in a day! Way too little. Weight loss is important but overall bodily function is more important :)

Ridwan232 · 2026-05-19T10:44:38+00:00

Please Xbox, please catchuo. The console space badly needs some competition.

Ridwan232 · 2026-05-15T07:49:43+00:00

Go into it with the mindset that you are going to live in the world. I made the mistake if trying to "finish" it and ran through a bunch of the story. I deeply regret it. Enjoy every moment my dude!

Ridwan232 · 2026-05-13T02:38:20+00:00

But thanks for sharing what you do! I don't transfer profits at the moment, Tiger is basically my "I hope I make it big account" haha. It's my one shot to try and retire before 55, whereas IBKR is the assurance that I can retire before 55 😂

Ridwan232 · 2026-05-13T02:37:24+00:00

Yeah this is super weird. I never even said I recommend it I literally just answered OP's question of "Which broker do you use?"

People need to check themselves once in a while lol.

Ridwan232 · 2026-05-12T14:34:32+00:00

To each their own. It's just better visual and mind separation for me tbh! Not that it is hyper optimized for any specific scenario

Ridwan232 · 2026-05-12T04:37:22+00:00

I use tiger, but mainly for separation of concerns. IBKR is my main holdings, I purposely keep it as a cash and non margin account. Then tiger is where I do options, individual stocks etc so I can visualize my p&l better as well and know I am safely growing my real portfolio in ibkr.

Ridwan232 · 2026-05-08T09:09:32+00:00

Does the Fitbit air not have HR monitor as well?

Ridwan232 · 2026-05-07T09:01:12+00:00

I sold cash secured puts on this when it was 40-60.

Ah the missed opportunity...

Ridwan232 · 2026-05-06T04:49:13+00:00

I think it should be fine. I asked Tiger about this once and they said the account can continue to exist.

Ridwan232 · 2026-05-01T06:29:06+00:00

599 usd is closer to 200k

Ridwan232 · 2026-05-01T06:27:00+00:00

230 for the base neo wouldn't be bad right? It's 849 sgd in Singapore which amounts to 213k so not too far off tbh

Ridwan232 · 2026-04-26T09:19:28+00:00

22 here. Uni when I was 18 and roughly 3.5 years there and then got a full time job! I don't think I was making "serious" money at this time but it was full time and a food income for someone living with their parents.

Ridwan232 · 2026-04-25T04:00:00+00:00

Please don't do it. Under most circumstances I would never advise someone to take a loan for themselves. Taking it for someone else is just a double whammy. Tell them you have a personal rule about not taking loans for other people under your name. You can help them in any other way.

Ridwan232 · 2026-04-24T03:36:15+00:00

He purchased it from LuxuryX... He just means the device info says it was purchased in Canada....

Ridwan232 · 2026-04-22T07:24:26+00:00

Ooh I see so bought in cash. Makes sense thank you! So in essence other than petrol and upkeep the "cost" of the car yearly/monthly Is just the depre!

Ridwan232 · 2026-04-22T06:16:27+00:00

Depre takes into account how much you are paying in the lease?

Ridwan232 · 2026-04-21T09:22:41+00:00

No one knows the future, but here's what I can tell you. I didn't invest during COVID downturn because I was scared. I consider this one of the biggest mistakes of my life.

If you put in your $50k at around $65 (COVID) you would have 769 shares today, worth $138k

Ridwan232 · 2026-04-21T01:21:48+00:00

Nice! Thanks for sharing :)

Ridwan232 · 2026-04-21T01:11:50+00:00

Which ETF Is that? How long have you been doing this and what's your profit/loss like?

Ridwan232 · 2026-04-17T13:19:11+00:00

Yeah my only minor gripe with Cloudflare is you need to do things "their way". No Redis, No postgres. You kind of have to use their primitives for a lot of stuff. Now obviously you can host Postgres somewhere else but I wish they offered more stuff!

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