Kona Gold Beverage Inc (KGKG)

[Fallingknife75]

I am just putting out a word of caution on margin accounts, I have no particular expertise in them since I won't use them. As for the Fidelity comment, if you have the funds in your account to cover your margin position, then you didn't need to use the margin in the first place. The main reason people use margin, is to buy more shares than they could otherwise afford; this is where the problem lies.

Another fun fact, for those who are always complaining about short sellers. The shares a broker borrows to lend to shorts, can be taken from the Margin account of current shareholders. See the SEC link below.

Typically, when you sell short, your brokerage firm loans you the stock. The stock you borrow comes from either the firm’s own inventory, the margin account of other brokerage firm clients, or another lender.

In essence, by having a margin account, you are allowing short sellers to borrow your shares and sell them against your own position; pretty messed up IMO.

https://www.sec.gov/oiea/investor-alerts-bulletins/ib_shortsalesintro.html

There are only two things I refuse to do in the market; I won't use margin and I won't short stocks.

My apologies if I wandered to deep into the conversation, but it is something I teach people regularly, for good reason.

All the best,

Knife