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Politics : Formerly About Applied Materials
AMAT 259.15+1.1%Dec 22 3:59 PM EST

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To: Gottfried who wrote (51404)9/3/2001 11:45:19 AM
From: advocatedevil  Read Replies (1) of 70976
 
OT - Double Digit Guaranteed Return

I would imagine that many of us here are often asked for investment advice from friends, family, co-workers and fellow thread readers. This is not surprising given that we probably spend more time than most closely following the market.

What is amazing to me is how many folks owe thousands and thousands of dollars in credit card debt in addition to owning investment portfolios.

So, to any investor out there carrying this type of debt, I plead with you to pay off those damm credit cards! The average interest rate is about 19%. There's no where else on the planet where you can match that 100% guaranteed tax free percentage return.

I know this is OT, but the topic came up again last night when I sat down with a friend to offer some investment guidance. These are brilliant folks who simply overlook the obvious. Besides, I hate credit cards. They were once a problem in my life, and I've seen them cause problems with others. I also don't like what they teach our children.

It's not my intention to open up a new discussion topic here on this thread. I simply want to suggest to anyone who might be reading through the posts here to consider one of the best investments out there today: Paying off credit card debt!

OK, I'm done. Sorry for the outburst.

AdvocateDevil
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