Would have thought there's more than a few people getting margin loan calls and having to sell stock at a steep discount, adding fuel to the fire.
12 to 18 months ago these guys were doing brisk business, would have thought its all but dried up.
I thought my long term portfolio was safe as Ive always kept my LVR low but each day my LVR is going up, broker said to me once, "if you get a margin call, then were all f@cked"
At the current rate of decline and even after selling out of financial stocks a while ago that day is fast approaching
12 to 18 months ago these guys were doing brisk business, would have thought its all but dried up.
I thought my long term portfolio was safe as Ive always kept my LVR low but each day my LVR is going up, broker said to me once, "if you get a margin call, then were all f@cked"
At the current rate of decline and even after selling out of financial stocks a while ago that day is fast approaching