Originally Posted by
fish
I feel the need to caution about margin learning in case I have mislead novice investors
For most there is an obvious danger.
I have made 3 mistakes in my investing that stick in my mind- none of which have had any major consequence because of my financial position
It works out as 1 a decade.
the first was equitycorp-it was when i was in a syndicate.Hawkins went to Jail.
The second was brierly-the directors mislead and some escaped with lots of money
The third was nzo-again those responsible escaped
It has taught me that you cannot trust all those running a company-many have an obvious conflict of interest.
I will probably stop margin lending if my other sources of income stop.
For me it is tax deductible.
Advantage are many as are risks.
In the current situation I look to drops in sp as buying cheaply.
This forum is good reading as it makes me consider stocks that have fallen below their value to me.
I already have ideas as to what to buy today.
I wont spend much painful time agonizing over what to buy-I am trying to diversify my portfolio and trust some of the posters so they will be quick decisions rather than guesses