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If you do this yourself and feel comfortable, good for you. But I wouldn't widely suggest people lever up 2x using margin. It's dangerous advice. In a severe
by siberianbear 6y ago
If you do this yourself and feel comfortable, good for you.
But I wouldn't widely suggest people lever up 2x using margin. It's dangerous advice. In a severe down market you can be wiped out with a margin call and forced to sell at a low point in the market.
- bob1029 6y agoI strongly disagree with the notion of "dangerous" advice, especially when given in good faith. I even prefaced my post with a disclaimer regarding this practice. I could pose a counterargument that not investing aggressively in finance from a young age is the most dangerous thing you could do to your future self if you hope to maintain an equal or superior standard of living.