Forum Archive Index - March 2004

["David & Jill Stevenson" <djstevo@quicksilver.net.nz>]

Probably the best advice the poster will ever get if he listens to it . Lending institutions for leveraged share trading categorise the share index of companies that they are prepared to lend against . In a sense they do part of the homework some are banded 75 %, some 50 %  etc . I used to fish overnight in Fiji with Indian fishermen using a 40 foot skiff as a craft .We caught our bait in the mangroves .Crabs etc. we would work up to a yellowtail type fish as bait .What I am saying is we started with nothing !

    We would return 24 hours   later  (normally) with a boat  literally full of fish  of all shapes and sizes.. The Walu when filletted on the kitchen table were as big as a small calf . Who says it is not fun starting with nothing ! `Do me a favour don`t borrow . Not that I would like to have discouraged a budding Warren Buffett .Doubt he borrowed to start either.

 

                                David