Key Points
In the world of investing, there are countless strategies and approaches that individuals can take. However, one recent Reddit discussion shed light on a risky move that some may be tempted to make - gambling a student loan into a 3X leverage. While this may seem like a quick way to potentially multiply one's funds, it is crucial for long-term passive investors to understand the importance of smart investing strategies.
Summary of Discussion
First and foremost, it is essential to recognize the difference between investing and gambling. Investing involves carefully researching and selecting assets with the goal of generating long-term returns, while gambling relies on luck and speculation. Leveraging a student loan to enter a high-risk investment with the hopes of tripling one's money falls into the latter category.
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