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I posted this on /biz/ and /pol/.
/biz/ gave mixed reactions and /pol/ thread got prunes.
I'm 18 and I have no money. So I try my hand at the stock market. I got a brokerage account at "Charles Scwab"
Aparently, I opened a MARGIN account and I was able to buy around 20,000 dollars worth of shares. I bought the following:
BABA: 50
BIDU: 50
IQ: 50
MCD: 7
I do not know for the life of me how I was able to purchase this much with zero dollars in the account.
I've determined my interest rate to be a bit less than 10% a year, AKA I owe the brokers 5.5 bucks a day
/biz/ gave mixed reactions and /pol/ thread got prunes.
I'm 18 and I have no money. So I try my hand at the stock market. I got a brokerage account at "Charles Scwab"
Aparently, I opened a MARGIN account and I was able to buy around 20,000 dollars worth of shares. I bought the following:
BABA: 50
BIDU: 50
IQ: 50
MCD: 7
I do not know for the life of me how I was able to purchase this much with zero dollars in the account.
I've determined my interest rate to be a bit less than 10% a year, AKA I owe the brokers 5.5 bucks a day
