I actually closed out the investment this week. It sucks that I have to walk away with a $4000 loss, but it's been a good learning experience. At the time when I started the leverage fund, I knew absolutely nothing about investing. I think the strategy definitely could have worked if the segregated funds weren't so terrible. During the two years, my own investment picks greatly outperformed the fund that was suggested, which was annoying. When the fund was down to 88k it was stressful, but I felt it would be unwise to exit prematurely. A part of me wanted to keep the fund longer to see if I could make some profit, but given the performance of these segregated funds I just felt like it was better to quit now.
u closed out the investment but what about the loan? whats ur plans for it? pay it back or continue to invests with all due respect u picking the investments and saying they outperformed doesnt necessarily mean u wouldve done so cuz when real money is on the line many things change, the most important thing that changes is the question of when do u exit? iam not saying u couldnt have done it but these things take a long time to get a grip of i always hear many people (not you) say oh oh oh if i bought google or apple or mcdonalds back then for 5k i would be a millionaire today,,,, the answer for 99% is no no no no why cuz they jumped from point A to point Z without looking at the interim, the average person if they buy 5k worth of a stock and they are lucky enough to see it go to 50k which is only 5% of one million would take their money out without a second thought,, the bigger the amount the faster they cash out,, they will say oh i need to buy this or that,,, and even if they take out only half there they just cut the future million to half a million,,, i know I myself whos been trading long time i cant handle that magnitude above let aside getting someone who is lucky enough to pick the right stock the right time, the point is picking the investment from A to Z is one thing, sticking with it in the interim is another, specially when we all know the rise upward from 5k to 1M is NOT a smooth ride
yes u can buy this method but ur forced to play in that field only, its different when u can borrow at 3.5% and do whatever u want with the money such as buy div stocks or accounts that pay 5% or more,, etc
Damn your posts are long, can't read that much at one time, have you been consulting with @wrbtrader ?