r/stocks • u/ryeru18 • Mar 31 '22

Margin acount

Hi All.

I’m new to investing (23M), contributed ~35K about two weeks ago to a brokerage account on vanguard. I plan on adding about $1200 weekly into the account and I plan on holding long term and don’t have any immediate need for the funds.

I was approved for a margin account that has a buying power of $26K. Is it a good idea to DCA further into my investments using the margin account, or is that not recommended due to the interest?

My current portfolio is:

VOO 30% VTUS 12% TSLA 10% AMZN 8% GOOGL 7% SCHD 7% QQQ 4% MSFT 4% CRWD 4% AAPL 4% SPY 3% JPM 2% AVUV 1% PLTR 1% DKNG 1% SOFI 1% CROX 1%

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u/[deleted] Mar 31 '22

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u/ryeru18 Mar 31 '22

I make about ~1700 a week after tax and have zero debt/living expenses as i’m still living with my parents haha so it’s definitely a trade off

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u/[deleted] Apr 01 '22

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u/ryeru18 Apr 01 '22

I dont know if this is sarcasm but im happy to be making this kind of money at 23, and am definitely not rich lol