22k In Dry Powder - Page 3 - Coin Community Forum

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Author	Replies: 32 / Views: 3,402	Page: of 3

macmercury Pillar of the Community United States 5833 Posts	Posted 08/08/2011 8:53 pm I never like the thought of "Buying on Margin". My buddy always doing it, most of the time he has good insights at the market, but he also pays interest on buying on margin for days he held it, what he make up in profit usually comes out ahead. But occasionally he can loss someone average year salary, I just don't have the guts to make that bold of a move, that's why I am where I am and he lives in Malibu. Report this Post to the Staff
Ed_B Pillar of the Community United States 4008 Posts	Posted 08/09/2011 6:26 pm Quote: I never like the thought of "Buying on Margin". No, me neither. During the Internet stock bubble, there were a lot of people advocating borrowing money out of their homes to invest in hot Internet stocks. This was a move that people were actually doing. It horrified me to think of the incredible risk these guys were taking. I've often wondered how many of them ended up living in cardboard boxes and under bridges. Report this Post to the Staff
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