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Microcap & Penny Stocks : DGIV-A-HOLICS...FAMILY CHIT CHAT ONLY!! -- Ignore unavailable to you. Want to Upgrade?

To: chip who wrote (6455)	5/15/1998 2:00:00 PM
From: Mr.D	Read Replies (3) \| Respond to of 50264

I started like you, and for the 38 Yrs.I spent running around in a circle. At the end of every year when I would get my statement I would see I did hundreds of trades, paid $1,000 s in commissions $1,000 in interest, and $1,000 in taxes. Now at the end I saw I made $20,000 the broker made $30,000 The bank made $25,000.Then I had to pay my taxes..I told my broker I was crazy, because I also had all the risk..Now the past 7 yrs. I pay margin interest, but I trade Free no commission AND NO TAXES.. You ask why ? I don't sell. As the stock goes up I'm able to borrow more money...The short of this lesson is YOU MAKE MONEY USING OTHER PEOPLES money. But you start like I did 100 sh. and grow... I have been getting a lot of PM so I thought I could answer them this way.. Sorry to the rest of you..Thanks .Bill D.