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#1
04-15-2008, 03:39 PM
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Buying stocks with margin?
I bought RIMM on the margin a week ago, it was my first time buying stocks on the margin and only purchase to date. I sold it today at a lost of $200, but my margin debt is $900. Why is that? I have other stocks, but those were paid with cash. I also got a margin call, but it was cleared when I sold off RIMM.
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#2
04-15-2008, 10:44 PM
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I have bought on margin before.... It is definatly risky. I probably won't do it again even though it paid off. I know people who have made millions from nothing by doing this but that was in the late 90's when they did most of their trading.
I can't answer your question without exact figures, how much margin, terms, etc.
__________________
2004 DG G35c. Saving for a new ride, stay tuned 
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#3
04-16-2008, 03:55 PM
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Quote:
What was the interest rate they charged you for borrowing the money? How much did your borrow? -Sean
__________________
2003 OB 5AT G35 coupe -|- Apexi S-AFC II -|-Injen CAI -|- Motordyne 5/16" Spacer -|- Stillen Dual Cat-Back -|- Stillen Engine Damper -|- Tein CS coilovers -|- Tein EDFC -|- 19" Volk TE37 -|- 1/4 mile = 13.86 at 100.4 (no damper or suspension) -|-
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