As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

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Friday, 2 June 2017

Leverage With Margin Account???


Long long ago Uncle8888's friendly broker offered him promotional rate margin account so he could leverage up to make more money. But; he asked back his broker why he needed that margin account when he still had plenty of cash and CPFIS rotting. 

You tell me why I need one?


3 comments:

  1. No harm accepting it if maintaining such account is FOC right?
    Just like you got credit card not because your bank account got no money mah....

    ReplyDelete
    Replies
    1. Not same as CC.

      It is like you have war chest rotting and broker thinks you still need war chest++ to increase your positions.

      Why in the first place there is war chest rotting?

      Delete
  2. If you ever did time in army, you'll know that those sh_t-heavy thousand rounds of ammo & grenades & missiles aren't "rotting". You may curse & swear when having to hump a few hundred klicks with those bastards. But when sh_t hits the fan, you wish you had carried more of those bastards. :) :)

    Anyway if you can get 2+% returns on your ammo while you wait, it still beats inflation.

    ReplyDelete

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