I recently came across this discussion post that someone from our Seedly Community on Facebook shared.

A rather interesting discussion about borrowing to invest was unfolding over this Straits Times article where:

Earlier this year, 31-year-old insurance agent Heng Kai Sheng got advances on three separate credit cards to the tune of $150,000. With the money, he opened a share-financing account at a local bank and pledged the lot as collateral. He was granted leverage of around 3.5 times, a $500,000 kitty Mr Heng’s ploughing into the stock market.

Mr Heng said he has a three- to-five-year horizon for his investments, and maintains he’s doing the maths to make sure he can always cover the interest, which ranges from 1.38% to 2.03% on the credit cards.

My immediate thought?