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 : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: w0z who wrote (5698)	6/11/2010 5:56:34 PM
From: robert b furman	Respond to of 219717

Hi Woz, Scottrade is plus or minus a 1/4 point. I have a unique tax issue that allows me to always right off my investment interest expense.(owning several dealerships) and some Texas income laws per my CPA. The house mortgage interest deduction is phased out, if you reach certain income thresholds. That being said my house mortgage never causes me to have a margin call if its value declines. When things looked bleakest in 09 - I eliminated my margin at the brokerage and started sleeping better at night. It was fun to have no margin and watch the market drop with a nice purchasing power in my account.I eventually reinvested in April/May 2009. I will never go into margin heavy again - it is a very hard psychological burden on my thinking processes.It creates a fear overload during bear markets. That is easy to say and hard to do - but I honestly will try to keep out of margin.My past excesses paid off handsomely in tech during the dot.com boom and I was just dumb lucky to sell out in November of 1999.Left some money on the table but kept all my chips. Bob