Just bought some shares of the fertilizer company, Potash Corp. I think this is a great opportunity to make some easy money, if I’m lucky. I’ve only used $600 of my own cash for now. It might not sound like much but that’s because I’m going to borrow extra money from the bank and leverage it up to… Read More »
If you’re not familiar with how margin accounts work, you can read this other post first. We’ve already seen how a margin account is similar to getting a mortgage or a home equity loan (HELOC.) Today we’ll discuss margin loans and how to avoid a margin call. A conventional mortgage requires a 20% down payment which means the bank… Read More »
How Margin Accounts Work A reader asked me awhile ago about my margin account. As you know, I like to use leverage. So when I found out I could own stocks without actually paying for the full amount, I began to think about the possibilities, and opened up a margin account through my discount broker. I simply made… Read More »
Sorry for this late update. I could make elaborate excuses, but let’s not waste your time (*^_^*;) The following details are my financial summary for the month of January, 2012. The first month of the year is when the gov’t assesses our home’s values. This is also the time I make adjustments to my apartment value for my net… Read More »