Fuel card/factoring companys

Nope not at all. Just saying you're not making 96% APR on your money and you could make more, if you are, by funding yourself. Simple.

 

This is good advice. The actual cost of factoring results in that 60% or higher APR. Its easy to get lulled into thinking you are only paying 5% because yu would be factoring individual settlements and its costs 5%. Most people dont annualize those costs and only see it as a 5% cost of doing business. Fortycalglock is correct. Also trading on margin is dangerous because losses mount faster because you are trading with someone else's money. The advantage is the ability to make more on a trade by having the ability to borrow money and buy more shares but you are paying daily interest on that "loan" and if the trade turns against you, you could actually lose more money then you actually have in your account.

And remember if you lose 10% you have to make 11% to get back to even. Losses always happen fast and gains come rather slow most of the time.

 

Not only that, but you pay other fees that figure into how much you pay to recive your money. Bank wire, processing fee, and more. 5% + all those fees is too #### high, but I don't feel sorry for those who don't read.