Loading ...an interesting aside .after the 87 crash ..I calculated if the crash never happened 3 months later my holdings would have been worth 3 millions…
Margin was the real CULPERT … But in defence of myself… I figured at that time the Laws at that time allowed me to deduct the Margin interest off my Earned Income .which is no longer the case, so The taxes I would have paid subsidized my Margin trading costs. I calculated right…Uncle Sam was paying for my Margin Interest and I owed no taxes ,but everything was getting to be a bubble and there is the problem..The old Black Swan event that sends everything crashing down…