By Singapore Man of Leisure
This post is for those who have “Learn by Doing” as their predominant learning style.
You’ll be amazed how many people have strong views on certain matters without personally experiencing or trying it out for themselves.
I know learning from other people’s mistakes is wise, but to go through life parroting this is what this person says, that person said, I mean do you have an opinion of your own?
Leverage is bad
How do you know?
Warren Buffet says so.
But he owns an insurance company.
Is using Other People’s Money (OPM) not leverage?
Did you use debt to buy your apartment and your car?
So is your fear of leverage logical? Not very consistent are you?
I am not saying you go crazy and use 5 times leverage with CFDs. Just “tikam tikam” 2 times leverage and see for yourself.
It’s not about making more money. That’s greed.
It’s more to see if you can sleep at night using leverage. If yes, there you go! You now have confidence listening to yourself.
If you can’t sleep, you confirm confirm know trading with leverage is not for you!
The good thing is now you can tell others its because you know so! And not because Warren Buffet …read more