Posts Tagged ‘borrowing’
When a Million Is Not Enough — Part II ( Margin is not the Answer)
Everyone saw it coming except my client. Big Dan pulled up stakes and left. My client had backed him until her million dollar nest egg was severely depleted and her own well being in jeopardy. The margin loan (See Part I) was not being repaid. It was on the books at a rate of 8.50%.…
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