“Whenever I need a new Rolls Royce or a Ferrari or my maid needs a new Porsche I buy it on credit. Debt is the only thing that has a state guarantee to lose value”.
Cubanpete the Swiss, Managing Siesta Director.
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How do you manage to hold lots of USD debt? While theoretically, I’d like to take such a strategy, there’s no way I could psychologically tolerate 5-7% margin cost.
5.44%, but that is per year. Just check the loss against the CHF or the Dollar Index. And for my crash recovery strategy I only buy stocks that pay more dividend. Easy to find in a bear market…
But where is your saying???
Here goes mine: “He who doesn’t work should at least eat and drink well!”
I guess you do get a tax deduction for the interest.