78Southwind
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- Joined
- Oct 1, 2007
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A couple weeks ago I was at the USC Football game when some millennials pulled up to the table next to us and we started talking. One of them had gone to USC Marshall school and then after graduating he went on to a local Law School. We started talking about investments and he had done really well in the stock market the last year or so. I talked to him about crypto which he really didn't know much about (surprisingly) but he was excited about it. What got me concerned is that he only wanted to invest with margin. I told him he was crazy if he wanted to invest in crypto with margin since the market is so volatile. I also overheard him talk about him borrowing from his credit cards to fund the margin account then paying the monthly credit card payments with the margin account.
I always look for things that I see in normal everyday life to kind of keep me aware of the things I may be missing while watching the stock market. So today I went to FINRA to see what the total debt balances were in margin accounts. Yep, you guessed it record amounts of debt. Over 911 Billion...
https://www.finra.org/investors/learn-to-invest/advanced-investing/margin-statistics
I always look for things that I see in normal everyday life to kind of keep me aware of the things I may be missing while watching the stock market. So today I went to FINRA to see what the total debt balances were in margin accounts. Yep, you guessed it record amounts of debt. Over 911 Billion...
https://www.finra.org/investors/learn-to-invest/advanced-investing/margin-statistics