Q: I am 68 year old married male. We are not pinched for money. I have been involved with the stock market and we doing OK due in part to 5i’s influences. Thank you. I / we have never borrowed money from the broker to buy any stock. I am thinking of buying either AEM or KL. One option would be to sell SYZ which we have held for years and is our smallest Tech position. Sort of hate to give up the dividend. Another option would be to sell some of our CSU which we have also held for years and is our largest weighting. Sort of hate to sell CSU because it is such a good company and the weighting increase (while always high) is partly due to the decline in other sectors. I am wondering if you think if going on margin should be considered or is it just too risky? Are there rules on what triggers a margin call? Does it happen when the purchased company declines or is the call triggered when the collateral stocks decline? We have accumulated lots of capital losses over the years to offset any capital gains coming from the sale of either SYZ or CSU.
Thanks,
Jim
Thanks,
Jim