For those that borrow on Margin, make sure to try and negotiate a lower rate. My Mom was able to go from 5.5% to 1.6%. As a family member I might be able to get the same rate. No matter your account size,if you are thinking of switching brokers or not, shop around for best rates.
As always, be careful with margin and use it smartly. Don't over leverage. Be aware of changing margin maintenance requirements as they can sometimes change rapidly (especially with $TSLA) and with no notice.
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