Lessons from the Superbubbles: Hemingway’s Rule

[Hoodlum]

This is the first in a 4 part series by Wynn Quon on Bubbles.  The 2nd part is in the current issue of the Canadian MoneySaver magazine.

 

http://www.legadoassociates.com/lessons1.htm

 

"In those days you could buy stock with only 5% down. (After the Great Depression, they changed the rules. The only thing you can buy nowadays with 5% down is real estate and who’d be crazy enough to do that?)."

[twacowfca]

This is the first in a 4 part series by Wynn Quon on Bubbles.  The 2nd part is in the current issue of the Canadian MoneySaver magazine.

 

http://www.legadoassociates.com/lessons1.htm

 

"In those days you could buy stock with only 5% down. (After the Great Depression, they changed the rules. The only thing you can buy nowadays with 5% down is real estate and who’d be crazy enough to do that?)."

 

Probably not through a legitimate broker.  However fraudulent "bucket shops " would offer ultra low margin on phantom trades.  Then, when some real or fake trade occurred at the margin stop, the naive client would be told , " sorry, you're wiped out."