This company has me worried

(Can you guess when investors learned about the Amazon news?)

Recently we've seen some pullback. But the stock has climbed to historic highs near 147.00, so it could still have some room to run.

I'm not really concerned about the stock itself, though.

I'm more concerned about what the company does.

I want to be very clear — I'm not calling Affirm a "bad" company by any means.

But their whole business is "buy now, pay later" lending (you can read more about it in this article).

In other words, you can buy a TV you can't afford and pay for it over a few months rather than all at once.

But the problem is, if it's a TV you can't afford, then you can't afford it over six months any more than you can at one time.

Unfortunately, not everyone understands that. Obviously, lots of people make bad financial decisions.

And "buy now, pay later" lenders encourage those bad decisions, whether intentionally or unintentionally.

Affirm is basically a way for people to get deeper in debt.

And we don't like that!

Thankfully, we've got things like income strategies that can help us bring in more income rather than sinking deeper into debt.

Hope that you take some time to learn them and learn about the dangers of Affirm.

Happy Trading,

Markay

Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. You may lose more than you invest. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. The information on this website is intended as educational in nature and we do not recommend that you buy or sell any specific financial instrument.

At MarkayLatimer, we are strongly committed to protecting your privacy and providing a safe online experience for all of our visitors while offering a high-quality user experience here at www.MarkayLatimer.com. We know that you care about how the information you provide to us is used and shared. We have developed this Privacy Policy to inform you of our policies regarding the collection, use, and disclosure of Information we receive from users of the Website. Markay Latimer owns & operates the Website. This Privacy Policy, along with our Term & Conditions, governs your use of this site. By using www.MarkayLatimer.com, or by accepting the Terms of Use (via opt-in, checkbox, pop-up, or clicking an email link confirming the same), you agree to be bound by our terms and this Privacy Policy. If you have provided personal, billing or other voluntarily provided information, you may access, review and make changes to it via instructions found on the Website or by emailing us at help@MarkayLatimer.com. To manage your receipt of marketing and non-transactional communications, you may unsubscribe by clicking the "unsubscribe" link located on the bottom of any related email from the Company. Emails related to the purchase or delivery of orders are provided automatically – Customers are not able to opt out of transactional emails. We will try to accommodate any requests related to the management of Personal Information in a timely manner. However, it is not always possible to completely remove or modify information in our databases (for example, if we have a legal obligation to keep it for certain timeframes, for example).