RE:RE:RE:Oil just took a flash dropUnlucky13 wrote: I have to put 60 percent of the cash up, only 40 percent is on margin. If someone maxes out a credit card to invest, the banks and brokerge houses don't cross reference, a great way to leverage your investment funds. If a stock goes up great, if it doesn't you end up $110K in debt like me. If Baytex had doubled up instead of down I would be celebrating. I am still actively looking for credit cards so I have more capital available to cover any margin calls. It used I be 50 percent cash I needed to cover my margin but was bumped to 60 percent because I am so concentrated in Baytex.
I've been laughing all day about this line. Maxing out your credit cards is a "great way" to leverage your investment funds. Hopefully you are not a financial planner.....
And you are looking for more credit cards to cover your margin calls? Brilliant LOL