this post was submitted on 19 Sep 2024
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Microblog Memes

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A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.

Created as an evolution of White People Twitter and other tweet-capture subreddits.

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  1. Please put at least one word relevant to the post in the post title.
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  4. Posters are encouraged to link to the toot or tweet etc in the description of posts.

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Did I say mandatory? I meant optional! You're "free" to die in a cardboard box under a freeway as a market capitalist scarecrow warning to the other ants so they keep showing up to make us more!

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[–] [email protected] 1 points 1 month ago* (last edited 1 month ago)

Anyone can buy stocks in a margin account and then borrow against it as margin, and use that margin to make more money. If you can open a brokerage account, you can do this.

Shit can turn on you real fast though and you can lose a lot of money since you're borrowing against the value of a fluctuating asset.

E.g $1000 stocks let's you buy $400 on margin, but if that $1000 becomes worth less than $700 you gotta pay back that $400, but now you gotta sell at $700 or pony up more cash and that $400 you bought is also only worth $200, so you sell $200 of your $700 and suddenly you've lost 50% of the value