Chris Walsh

I'm not saying Fisher's is, you know, any problem with it.

I'm just saying those are the stories that are coming out there.

Okay.

I'm not a fan of leverage investing within the share market.

I always, I'll go back to, we were flying, this is years ago, to the Melbourne Cup.

And a friend of mine logged into his ASB securities, a margin lending account, and he owed a lot.

And then we went over, the first night we went to Crown Casino, there's a big group of us.

He'll be proud of the story.

And then he just put his credit card in, which is an ASB credit card, and took out like 500 bucks.

and put it on black and it was red and it's like i'll take out twenty dollars i'll i'll think about it way too much and then i'll just go and actually redeem the chip or whatever it is and i'll get back my money um so it's appeals to a certain personality who likes risk plenty of people like risk but to borrow um to invest in the sense of shares

look i'm not a fan because there's too much debt in this country anyway credit cards crazy amount of debt none of it half of it not being paid off so it's long-standing debt then you've got those buy now pay later

I'll call them ghastlies.

Um, you know, they've kind of died down a bit, but they're still there.

And then you've got personal loans, car finance.

Do we need now debt to take positions in stock to borrow money, to buy shares?

Risky.

Yeah, no, that's right.

I mean, there's just too much borrowing as it is.

And the interest rates are high.

People should really be very cautious about this.