By Richard Moran on October 12, 2009
The initial cause of the Great Depression and stock collapse of October 1929 was all the stock that had been purchased on margin. When the stock prices fell many of the people who had purchased on margin could not cover the margin calls and went bust. That of course was before the financial controls imposed by the government in today’s market and theoretically that situation could never happen again although many of those who lost money in the past year may disagree. You can still buy stock by putting only a portion of the cost in hard cash down with the balance being covered by your credit standing and therefore on margin.
Posted in Investments | Tagged buying stocks on margin, investment help, investment strategies, Investments, margin calls, margin stocks, margins, money help, money helpers, stock, stock market |
By Richard Moran on October 10, 2009
Banks want you to enjoy the advantages of paying with credit, debit, check and cash”because it will make you more likely to lose track of your money.
Posted in Banks | Tagged budgeting, Credit Cards, debt help, financial advice, interest costs, Investments, money help, spending help |