This is such a No No but I cant help laughing (with you not at you) at your limitless optimism for any new venture you throw yourself into.
I would suggest to anyone else, use the profits from your previous ventures to finance your next one! The response is usually 'But my previous venture didnt make any profits' ... to which I say 'exactly my point'!
Don't keep borrowing money for risky ventures, invest first and use profits to fund further investment, unless your name is Nowler.
It was such a tormenting decision to make and not one I took lightly.
I would absolutely NEVER recommend someone else do it.
I never thought I would do such a thing as it's usually an overwhelmingly terrible idea - and I have told people numerous times not to do such things.
The risks of doing this were fully considered, which is to say, the worst case scenario is something I can tolerate.
I actually took an extra de-risking measure of "sourcing" less capital (50% of what I was going to get).
I believed then and I still believe now that this was not the right thing to do - I should have gotten the lot.
Probability dictates that I am going to look back in 2-3 years and regret that decision.
Thankfully I can say that I have been performing very well in terms of % growth, but as my capital is not sizable and this opportunity is certainly not going to wait 2.5 years for me, I just couldn't miss out of such an opportunity.
I have never seen the odds stacked so much in favour of an outcome.
Apart from when oil went negative $40 perhaps... it may very well have went lower, but in time, it was heading much higher for sure!
I am kind of regretting saying that I did this as someone is going to look at it and think it's a good idea for them to do it.
Even more so if it works out like the probability indicates...