Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Mike Buckley who wrote (21083)	3/23/2000 1:28:00 AM
From: Uncle Frank	Read Replies (1) \| Respond to of 54805

>> I already received a PM from someone who is now motivated to reduce their margin usage to 0%. I hope it was Tekboy. The lad is out of control - options, margin, Opus - he needs help. uf

To: Mike Buckley who wrote (21083)	3/23/2000 1:32:00 AM
From: Boplicity	Read Replies (1) \| Respond to of 54805

Mike, Not to be disrespectful, but margin is a tool, that should be used only when you know how to. I always tell people to get 5 years under your belt before you use it and if you are not a full time player never have more then 10% of your account margin. I have been on margin for 2/3 my investment life, not once have had a margin call, that's 20 or so years. I was taught to keep my level at 60% or higher, as my account has grown it has stayed at 80 to 70%, that's 20% to 30% in borrowed money. Last but not least use stops, mental or real if your are margin. The man that taught me was 78 at the time, he was the prototype for the Long term buy and hold type investors <g>, His cost bases would make you choke if you saw them in the likes of JNJ, SLE, WAG, MO, I'm talking double digits pass the dot as in cents<g> he stayed fully margin even at that age. greg

To: Mike Buckley who wrote (21083)	3/23/2000 4:35:00 AM
From: unclewest	Respond to of 54805

I hope other users of margin will give it similarly serious thought. MB, agree 150% really...i do agree. imo margin use is not required to have spectacular gains. the key is picking the right investments. funny how many find this well of sweet water but never take a drink. unclewest

To: Mike Buckley who wrote (21083)	3/23/2000 7:44:00 PM
From: RocketMan	Respond to of 54805

How do you lose everything on margin? You get sold out at 35%