Money Magazine

How to lose $5000 instantly

THIS MONTH Marcus Padley

On the broking desk, some years ago, it must have been a slow day, one of my colleagues asked the question, “What's the best way to lose $5000 in the stockmarket?” You might be interested in the many replies.

Here are some of the more sensible ones. They included:

Start with $10,000.
Try to make $5000 quickly.
Trade Forex from the comfort of your own kitchen.
Trade CFDs without understanding CFDs.
Trade a lot.
Trade with confidence.
Trade intraday.
Trade on ‘inside information'.
Buy stocks that fall.
Back your brother-in-law's tip.
Set and • • • •

You’re reading a preview, subscribe to read more.

More from Money Magazine

Money Magazine3 min read
Investment Decisions: 7 Biases To Avoid
You could be the smartest person in the room but still be guilty of this. It means you are so confident in your ability to predict what the market is going to do – and that you will buy or sell at the right time – that it can get in the way of you ma
Money Magazine1 min read
Why The Gym Should Be Tax Deductible
The Australian government uses the tax system to encourage us to invest in our superannuation to reduce dependency on the age pension when we retire. Similarly, it uses the tax system to encourage us to take up private health insurance to reduce dema
Money Magazine1 min read
Worthy Of Display
Dinosaur Designs bridges art and nature with this gorgeous Wide Paradise vase in Grape – the scalloped edge makes it positively tulip-like. The 20.5cm-high resin vase can hold a bunch of beautiful flowers or stand alone as a sculptural piece. How muc

Related Books & Audiobooks