Ride the Tiger with CD Message Board

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Strategies & Market Trends : Ride the Tiger with CD

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To: Cogito Ergo Sum who wrote (201896)	8/2/2011 1:49:48 PM
From: Canuck Dave	Read Replies (4) of 312999

I bought my first house in 1980 with an assumable 9% mortgage. A year later, I had to renew (at 18%) and got my first lesson in real finance, LOL. Keep something in reserve for surprises. Bought a new car the same year I renewed the mortgage (with cash). The salesman tried to get me to finance at 16% and invest the cash instead. In hindsight, there were numerous flaws in his logic (and he neglected to mention how much the bank would float his way if he sold the loan). Second lesson in real finance. Just about everyone's got a hidden agenda and is out to help themselves, not you. God, I was dumb back then. Last car I ever bought. Car dealers make me nauseous. I always feel dirty after talking to a salesman. CD

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