Feb 15, 2021
9:51:23am
Big Daddy D All-American
GME: why you don’t borrow money to gamble story in WSJ
This sad fellow borrowed 20k at 11.19% interest to invest in GME a few weeks ago during the hype. So his annual interest on the loan is $2238. His asset is now worth $4478. He’s now paying 50% interest and if he exits the position to pay towards the debt he still is 15.5k in the hole. Most people realize approaching stocks like this is akin to getting a loan and walking into a casino. Similar stories were common with tech stocks in early 2000.

Big Daddy D
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Big Daddy D
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May 19, 2024
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2/15/21 10:01am

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