Skip to content
Andrew Tobias
Andrew Tobias

Money and Other Subjects

  • Home
  • Books
  • Videos
  • Bio
  • Archives
  • Links
  • Me-Mail
Andrew Tobias
Andrew Tobias

Money and Other Subjects

Getting Rich Quick

March 31, 1998March 25, 2012

From L.B.: “I would like to get rich quick. I have a little spare money to gamble. I heard that margin trading can make a mountain of dough out of my little molehill of cash. Any experience in this?”

Yes. My experience is that you will lose your money.

The leverage you get with borrowed money does increase potential returns. (Buying out-of-the-money puts and calls increases it still further.) The more leverage you reach for, the greater the pot of gold you have an outside chance of winning – but the more outside that chance becomes. Sooner or later, you will in all likelihood lose it all, because even gamblers who do win rarely quit while they’re ahead.

Post navigation

← Solid Sparks to Retire at 45
Oh, the Humanity! →

Quote of the Day

"We've forgotten all the sacrifices that the people who've gone before us made to give us this wonderful life that we have. We accept it; we take it for granted; we think it's our birthright. The facts are, it's precious, it's fragile -- it can disappear."

Ross Perot, 1988

Subscribe

 Advice

The Only Investment Guide You'll Ever Need

"So full of tips and angles that only a booby or a billionaire could not benefit." -- The New York Times

Help

MYM Emergency?

Too Much Junk?

Tax Questions?

Ask Less

Recent Posts

  • Stuffing The Goose

    June 30, 2025
  • Yes! (Plus A Bonus)

    June 29, 2025
  • How Does THAT Make You Feel . . .

    June 27, 2025
  • Randi, David, Ken, and HYMC

    June 26, 2025
  • Six Links For Your Consideration

    June 25, 2025
  • Weekend Reading

    June 20, 2025
  • Oh, My

    June 18, 2025
  • 3 Quick Clips

    June 17, 2025
  • A Quick Poem

    June 15, 2025
  • Must Read

    June 14, 2025
Andrew Tobias Books
  • Facebook
  • Twitter
©2025 Andrew Tobias - All Rights Reserved | Website: Whirled Pixels | Author Photo: Tony Adams