Part 8/10:
Maintaining a safe margin health (above 40-50%)
Avoiding risky behaviors like day trading or investing in volatile cryptocurrencies with borrowed money
Focusing on growth stocks and ETFs with solid fundamentals
He advises against using margin for high-risk ventures and emphasizes the importance of self-education and cautious leverage.
The Future: Building Wealth with Strategic Asset Management
As interest rates fluctuate and market conditions change, Mike plans to continue using strategic borrowing to enhance his investments. He is also preparing for future lessons in how to handle larger portfolios and more complex debt management, emphasizing that the principles remain the same.