Sorry for the late response, but my computer developed the blue screen of death, and while it is getting worked on, I am using one at my mothers. DSL instead of cable. boo!
I see from my last statement I estimated too high, but still the rates are high. If I do margin it is ususlly under 10k, but this market has been special.
Of course I am only going to pay the 5% while the money is borrowed. lol!
07/01/09 $ (45,757.94) $ 1 8.50 $ 10.80 $
07/02/09 (45,705.69) 6 8.50 64.75
07/08/09 (50,584.64) 1 7.50 10.54
07/09/09 (25,584.64) 1 8.50 6.04
07/10/09 (30,714.59) 4 8.50 29.01
07/14/09 (33,724.54) 1 8.50 7.96
07/15/09 (44,564.21) 2 8.50 21.04
07/17/09 (57,633.96) 3 7.50 36.02
07/20/09 (57,546.96) 1 7.50 11.99
07/21/09 (50,795.05) 1 7.50 10.58
07/22/09 (43,915.95) 2 8.50 20.74
07/24/09 (43,807.95) 3 8.50 31.03
07/27/09 (101,085.80) 2 7.25 40.72
07/29/09 (41,364.29) 1 8.50 9.77
07/30/09 (121,470.55) 1 7.25 24.46
07/31/09 (39,897.12) 1 8.50 9.42
Total Interest Income/(Expense) $344.87
I am not a believer that I could borrow at 5% and put it into something long term and it be worthwhile, let alone profitable.
Trading is another thing. I'm a dividend investor, but that doesn't keep me from trading around it.
Dividend investing can be boring. Even a dividend paying stock returning 20% in six trading days gets no response:
 Message 25806969
You generally only see margin talked about as a reason the market is going down further than it should on a pullback or correction. Nobody talks about the profits that can be made when the market is going up. Funneling that money into dividend stocks supercharges the return in the long run.
Message 25804864 |
