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    Revolut just created an easy to access loan program up to 30k, how could one take advantage of this?

    As most people know, taking a loan and gambling with it is super risky.
    That's why I thought this would be the best place to get some ideas of how you could take advantage of it.

    I was looking for ideas on how to capitalize on this.
    If I got a loan of 18k to pay over 18 months (minimum duration) you could invest it all on companies that pay higher dividends than the fees and use your wage to pay the monthly fee of around 1050€. (Around 6.3%)
    What other idea do you have, besides calls, or if your only idea was calls how would you go about it?
    Also open to discussion of other moves with loan money you might have done or plan on doing?

    Revolut just created an easy to access loan program up to 30k, how could one take advantage of this?
    byu/TaricsPinkLeggings inwallstreetbets



    Posted by TaricsPinkLeggings

    View 42 Comments

    42 Comments

    1. surfaceVisuals on

      this is how the roaring 20s came to an end and the great depression began.

    3. ulumulu23 on

      lol OP you belong here, after taxes you are looking for something with a dividend yield in the region of 10% ![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4267)

    4. GreenManDancing on

      ![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4259)![img](emote|t5_2th52|4640)

      What could go wrong?

      hey, it’s your ass man. Buy some lube too, just in case.
      good luck!

    5. CrossDeSolo on

      – Work hard in school and graduate college.

      – Get career in software, make 6 figures, Rent condo in HCOL

      – Travel, Enjoy life, and churn credit card signup bonuses

      – Build up total credit limit across all to 200k

      – Balance transfer, cash advance all credit cards

      – Buy primary house in LCOL area. Quit job, work at wendy’s

      – Declare bankruptcy, poverty income, all CC debt wiped, primary house protected

      If you’re going to do something stupid, atleast try to be smart about it lmao

    8. TugBoatxp on

      100% just YOLO into options. You either win big or lose it all, either way you get on the Wallstreetbets hall of fame. Now doesn’t that seem worth 30k?

    9. _DiscoNinja_ on

      YOLO 27k on SPY options. Save 3k for Bankruptcy Attorney. Ultimate free roll.

    12. iAscending on

      Take the loan , change your account type to margin , buy deep otm weakly options with the maximum margin possible to achieve ultimate leverage. In a week you will either be sniffing coke off hookers fake titties or you will jump head first from your roof

    13. TorontoYossarian on

      30k in direct Mexican bonds would yield $246 per month plus recovery of the Peso currency after the election.

    14. si_de on

      You had me at “I thought this would be the best place to get some ideas”.

      I’ve said on here before, you don’t need to repay loans. You just say sorry and everyone moves on.

    16. 2hurd on

      Get money, hit the tables, bet on black. If you win good, if you lose delete the app.

      Not financial advice 😉

    18. crimsonghost747 on

      Take out the 30k loan.
      0dte.

      It goes right: pay back the 30k loan
      It goes wrong: delete revolut app.

      Done.

    22. ilikebunnies1 on

      Throw it all into 0DTE SPY puts and while you’re at it grab an application to Wendy’s.

    23. ThisKarmaLimitSucks on

      Like others have said, you’re going to need about 10% return to break even after income taxes. So you’re either looking for a dividend or bond yield above 10%, or you’re going to gamble on some stock going up 10%.

      You can buy a CCC rated junk bond that yields 13.7% right now. That would both pay for your loan and give you roughly a 4% skim.

      Historically, there’s about a 10% to 15% chance that your bond would default within 12 months. That would end your remaining interest payments, and you probably wouldn’t get more than half of your principle back. So then you’d be screwed on your loan. It’s literally financial Russian roulette. The probability of default is pretty close to the odds that a revolver would give you.

      You could also buy a diversified turbo-junk bond fund with high yield, so you are not just exposed to one company, but the ones I looked up had yields of like 12% after management fees. So your skim would drop closer to 2% on $30k, with wipeout downside potential if the broad economy struggles.

      Money markets are yielding 5% right now, so about 3.5% after taxes, with zero risk. Just taking your $1000/mo and dropping it into those would be more profitable than running a personal-loan-to-junk-bond arbitrage scheme.

    26. gimmedatcrypto on

      I’m not seeing the difference between gambling away a loan or spending a loan. You owe the money either way.

      Gamble away fren.

    30. Kinu4U on

      Nasdaq 2x leverage or another high yeild etf ( or nvda) and in one year you have 20% back at least, and in the mean time you struggle with payments but don’t take any profits. Repay and win 8% with Revolut money

    32. Iamsoveryspecial on

      Yes. Everyone please do this immediately. Also, can I buy calls on Revolut?

    36. BlueTrin2020 on

      Just buy 30k of options

      And film yourself walking slowly towards a camera with a video of your portfolio valuation playing live in the background during Non Farm Payrolls …

    37. RevolutionaryPhoto24 on

      This is a *spectacularly* bad idea.

      But if I were to do it, I’d take the longer term and buy LEAPS on highest conviction tickers, with the idea of selling them in a year (or six months before expiry.) I’d also put a bit in BTC – maybe 1/3 the loan amount but…yeah, I’d not do this.

    38. Durumbuzafeju on

      Find a homeless guy, open an account for him, take the maximum amount of loan, split the money evenly and leave. Rinse and repeat.

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