I’ve said it before too & I’ll like to remind once again during this peak of the bull run, never buy stocks on loan money. Never.
In bull market, everything looks rosy. People think making money is easy. They not only put their own money, but also borrow money & put it into the markets. A dangerous thing to do.
I’ve been into markets for nearly 2 decades now, even if I’m 100% convinced that a stock is going to double in 1 month, I myself too would never buy it using borrowed money (leverage). And would advise others the same too.
Unfortunately, if the markets go down, you’ll suffer twice. 1. Your stocks are down & you’re in losses. 2. You have to repay the debts.
Let me tell you boldly. Only invest that much money into markets which you are okay to potentially lose forever.
Never invest money into markets which you are going to need in near future.
Never run for fast profits. Markets are here to stay. It’ll repeatedly offer you multiple opportunities. You just need to have patience & stay in the market for long time to make money.
Only invest your own money in stock market. Never invest bank’s, broker’s, friend’s, spouse’s or relatives money into stock market.
As much as making profits, minimising losses is also important.
