Australia's largest stock trading and investment forum Australia's #1 stock forum

Day traders' weekend lounge April 16 - 18, page-44

First 44 Last

Share
Profile

Follow
ttward

4,134 Posts.

9

17/04/21

11:56

Post #: 52536377
Share

Originally posted by aussieasxboss: ↑

it's basics maths ! it's a bad idea

CC is 20% interest a month

are you going to make 20% on IVZ a month ?

prob not .
don't look at the gains it's been made . it's been pumped to the max. when the dust settles you
will be lucky to make 2-3% a month

you will make 10% a year on it

so each month that you don't it's going to cost you 20% a month on your initial investment

instead of making 2-3% a month you will be losing 17% a month

Expand

The interest rate for a cc is 20% a year not per month. So you're looking about 1.6% per month.
9 Upvote

Reply

There are more pages in this discussion • 96 more messages in this thread...

First 44 Last