Random Roger the ETF guy, has this quotable line (link):
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There are two ways to be rich. One is having a lot of money and the other is having no overhead.
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The entry is about using debt and leverage to invest. While it certainly has made some folks rich, with real estate being exhibit A, it also has ruined some folks, again, most recently with real estate being the prime example.
Options can be used for leverage, however, as I have grown older and hopefully wiser, I tend to prefer low risk, low reward strategies. Once in a while I may take a flyer looking for the home run, most of those end up as losers.
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