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Strategies & Market Trends : Waiting for the big Kahuna

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To: Dwight E. Karlsen who wrote (9355)11/9/1997 12:55:00 PM
From: Jay k.  Read Replies (1) of 94695
 
/But it seem to me that, while there are always going to be people
taking foolish risks, I can't believe that these people investing with credit card debt
are in the majority. When/if the two individuals you mentioned get a margin call
(and are unable to come up with the cash)/

I'm one of those people who borrowed on credit card last year to increase my buying power. Only reason I did this was because of the special introductory offer of 5.9% for 6month-1year. I figured I could
pay the 5.9% without any problem. Maybe make some money with it.
I would never borrow from credit card where I have to pay 19% interest etc... I'm debt free now, always want to keep it that way.
But I have known friends, co-workers etc... who borrows heavily and are in debt up to their necks... Some of them who invest in the stock market.

B/regards
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