Financial insanity at its finest: “take out car loan to buy stocks”

This is a new high water mark in financially suicidal advice for CNBC listeners. No irrational exuberance here.

Auto loans are up 29%. Discussing whether car buyers should pay cash or take the longer loan at a low interest rate, with Jonathan Clements, WSJ Finance columnist, and Mark Martiak, Premier Financial Advisors, who says it is a smart move to take advantage of low rates. Here is a direct video link: 7 year car loan ok if you plan to hold on to it

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