Wealth Decision #8- Don't Borrow Money to Buy Stocks

James Montier once said, "Leverage can never turn a bad investment into a good one, but it has the potential to turn a good investment into a bad one by forcing you to sell at just the wrong point in time." Investing with borrowed money or buying on margin is one of the greatest ways to 2-3x your returns but is also a good way to 2-3x your losses. I learned this valuable lesson early in my investing life along with many others in the tech boom and bust from 1999-2000. To schedule a Discovery Call go to:  ⁠⁠⁠⁠https://www.momentouswealthadvisors.com/contact⁠⁠⁠⁠ For more information on stock investing go to:  ⁠⁠https://www.momentouswealthadvisors.com/stock-investing⁠⁠ To use the financial freedom calculator go to: ⁠⁠ ⁠⁠https://www.momentouswealthadvisors.com/tools⁠⁠⁠⁠ Brian D Muller(AAMS©), Founder, Wealth Advisor Margin Debt Levels Source: Investors Business Daily, Psychological Indicators as of 04/25/2024 Podcast Disclaimer: The Wealth Decisions Podcast is provided solely for general information purposes and should not be construed as accounting, legal, tax, or any other professional advice. Visitors are advised not to act upon the information or content found here without first seeking appropriate guidance from a qualified accountant, financial planner, lawyer, or other relevant professional. Please note that any federal tax advice is not intended to be used to avoid penalties under the Internal Revenue Code or to promote, market, or recommend any transaction or matter addressed herein. It is important to ensure compliance with the requirements imposed by the IRS and Circular 230.  We strive to ensure that the content published on the Wealth Decisions Podcast is accurate and up-to-date. However, we cannot guarantee the accuracy, timeliness, or relevance of any of the information provided. We are not responsible for any information present on the Wealth Decisions Podcast and disclaim any liability for the accuracy, completeness, or reliability of any information. This includes but is not limited to, any errors, omissions, or misleading or defamatory statements.