Margin

After reading all the comments about how margin is the stupidest way to go instantly broke, I just had to give it a try.

I had $160K in a taxable account, so I decided to buy some PLTY on margin. I got 1200 shares average about 68.81. Less my cash on hand I had, that left me with $67,241 in margin debt. Interest would be $145 per week. The PLTY alone returned 4776, enough to cover 4 weeks of interest. Today, the margin debt is down to $63,151 and the interest bill will be down to $137.

The PLTY isn't the only thing in there to pay the interest, I have 1000 shares of MSTY, AMZY and QDTE and 1500 of RDTE. Without the margin, I wouldn't have the 1200 shares of PLTY, so that's just OPM making me money.

I'll try to remember to update monthly, so you can see just when I lose all my money.