TSXV:HRE.H - Post by User
Comment by
Oilers8384on Feb 04, 2013 9:13am
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Post# 20933030
RE: RE: RE: Depressing?
RE: RE: RE: Depressing? Nobody forgets that but most investors have some change in their pocket for a play like this.
What I think you forget is not everyone empties their piggy bank into the market.
One way to average down is borrow money. I know not everyone thinks that's a good idea but from what I gather Jamie your position is not the biggest so a $5000 loan invested into Stans could help your average.
With interest rates so low you can borrow that money for around 4 %
I know you're not in Canada but for those Canadians here you can get an RRSP Loan for Prime plus 1% for up to $50,000 and as long as your not bankrupt then the Canadian Banks will approve you. (Please note I am not saying to borrow $50,000 and invest in Stans but you could invest in different stocks and have some money for a spec play like Stans. All depends on your appetite for Risk.)
Just my Humble Opinion