RE:RE:RE:RE:Overdone on Oil Prices
Warren Buffett once said that it's wise for investors “to be fearful when others are greedy and to be greedy only when others are fearful.”
He also said not to use leverage - it can bankrupt you.
It is hard to control when you might be forced to sell.
I have most of my stocks with Scotia iTrade which used to be Scotia MacLeod when the banks were buying out the brokerage houses and bought out MacLeod brokerage.
At Scotia iTrade the margin interest is 10 percent.
There is no way I will pay that rate.
Just buy more as money rolls in and reinvest the monthly dividends.
That way if a surprise happens you can still sleep well at night.
Charlie Munger, Warren Buffett's Co CEO said, "you buy a stock to hold a long time otherwise you are just gambling - traders die young and often blow their brains out.
Don't be a trader"
Good advice I think.