As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

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Sunday, 10 October 2010

I don't own stocks. I lease them!



When do you own a stock?

When you paid for a stock with no intention to sell it for profit at the near future; then you can be thought of owning a stock.

When do you lease a stock?

When you paid for a stock with a definite intention to sell it for profit at the near future; then you can be thought of leasing a stock.


So I don't own stocks; I lease them.




2 comments:

  1. Hi,

    I have another view:
    You own a stock when you are paying in full amount.
    You lease a stock when you are not paying in full amount, eg using CDF or other margin tools.

    Regards,
    Freedom Achiever.

    ReplyDelete
  2. Hmm... CFD and Margins may be are like going to a popular furniture outlet paid a down payment for a piece of furniture and use for a while and then return. LOL

    ReplyDelete

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