On August 15, 2013, I said that,
"I am fully committed in the markets and I feel comfortable holding on to my positions even if there is a Stock Market Crash."
"I am fully committed in the markets and I feel comfortable holding on to my positions even if there is a Stock Market Crash."
How can I still be comfortable when I am fully committed--in the face of a Stock Market Crash?
The key is that "we do not borrow money".
And, I just had a few words with my father just now, and I told him,
"if there is a Stock Market Crash, we borrow and buy more"
My father readily agreed without a 2nd thought!
With a margin account, I can leverage up to 3 times.
But, I told my father that we will just buy ONE stock.
Ok...maybe TWO stocks....HAHAHAHAHA