I kind of like the idea of instalment warrants compared to a margin loan. Such things such as no margin call, you can walk away ( of course, loosing the initial price you paid for the warrant ). For someone with limited funds, if I buy a highly geared instalment warrants ( e.g. say 80% to 90%, so I only pay an initial price about 10% to 20%) and just keep on rolling over to a new series before maturity while at the same time receiving dividends and franking credits, the total dividends and franking credits that I would receive would sometime in the future exceed the initial price I paid for the warrant, and by the time I have made more dividends than I did for the initial price, I could walk away from the warrant ( whatever series it is at ) and never pay the final price ... or I could just keep on rolling over to new series. Can someone tell me what's wrong or what are the problems ? Maybe I am focusing too much on the positive side and not seeing the negatives.