Why didn't I buy $100,00 in stock a couple of years ago? http://www.reuters.com/article/idUSTRE7060VO20110107
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Interesting read
- Thread starter rtg143
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Because buying stock on margin is right up there with welding the pinion to the ring gear for extra traction.
I've been thinking about this issue for a while now though. Just on a smaller scale. The dealer I work for sells about 120 cars a month in an area that is not that large. Granted we are the only Ford dealer in a fairly large radius, but I don't see this level being sustainable. 75 is a more realistic number.
My GM's performance is based on % increase over the previous year. Not a good model.
I've been thinking about this issue for a while now though. Just on a smaller scale. The dealer I work for sells about 120 cars a month in an area that is not that large. Granted we are the only Ford dealer in a fairly large radius, but I don't see this level being sustainable. 75 is a more realistic number.
My GM's performance is based on % increase over the previous year. Not a good model.
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It's a long read. Buying stock is like gambling buying stock on margin is like gambling with a loansharks money. In the stock market hindsight is always 20/20. I took a gamble on CIT when it was around a buck a share thinking the government would help bail them out. I was wrong lost everything.
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