He bought the shares on margin at an interest rate of 12.575% and survived Loaner
If there’s one thing I don’t recommend, it’s buying stocks on margin. Due to stock volatility and high interest rates, borrowing money to buy stocks is a bad idea. Conversely, I am not opposed to purchasing a home on margin, i.e. with a mortgage, if the purchase follows home buying guidelines such as the 30/30/3 … Read more