would you want more leverage if you could get it?

[Mvic]

Is this what passes for a joke on ET? I surely hope so.

 

[cashmoney69]

yes the annual compound interest is high, but it is a short term loan for just a few months. Imagin Neke and his "250k to a million" thread, what if he could get 600, or 900k more in leverage...your talking huge weekly gains/ losses, that'd more than cover the 5.25% fee.

perhaps a 0% same as cash deal would be better, where you only pay interest on late payments.

 

[Lucrum]

Quote from cashmoney69:

yes the annual compound interest is high, but it is a short term loan for just a few months. Imagin Neke and his "250k to a million" thread, what if he could get 600, or 900k more in leverage...your talking huge weekly gains/ losses, that'd more than cover the 5.25% fee.

perhaps a 0% same as cash deal would be better, where you only pay interest on late payments.

CM69,

You've always seemed like a decent guy.
But I gotta tell you you sound like you're hoping someone will tell you that's it's OK to take the money because that's what you really wanted to hear all along.
IOW you're not looking for objective opinion. That in itself is cause for concern when considering increased leverage.

 

[trackstar]

With Futures its ridiculous to need more leverage.

 

[vikana]

Quote from cashmoney69:

if someone came up to you and said i'll give you double, tripple, or more than what your account is worth at around 5.25% monthly (for no longer than 6mths), would you take the offer?

the current rate for LOC is under 3%, so I'd say 5.25 is high.