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> "Suppose you find a stock that you know will increase in value. You go to the bank and say, “hey, can I borrow $90k to buy this stock? I’ll put down a down pa
by 616c 13y ago
> "Suppose you find a stock that you know will increase in value. You go to the bank and say, “hey, can I borrow $90k to buy this stock? I’ll put down a down payment of $10k.” You’ll be laughed right out of there."
Excuse me, but my history lessons escape me. This is called buying on margin, no? Just this time it is with a bank? I just want to know if I remembered correctly, because I thought this was responsible for something called the Great Depression in a very significant way. Haha.