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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: SteveC who wrote (105580)	4/14/2000 3:30:00 PM
From: tejek	Read Replies (1) \| Respond to of 1573857

I hope you're right. It does seem the "conventional wisdom" on the market changes every two weeks. I unloaded most of position in AMD at 69 1/4 today. No stock is an island onto itself and the overall market is so ugly right now. I've done quite well with AMD thanks to your assistance and others on this thread. I'm also in a different situation than probably many others, I want to buy a house this year. I actually might be able to buy one for cash thanks to AMD (and generous help from Forte -- a software company bought out by Sun last year). I guess there is a silver lining in NASDAQs fall, the bubble in the Bay Area housing market is about to burst. SteveC During the last major sell off in 10/98, I learned that their are funds and investors who watch the stocks that held up the best during the sell off. Those stocks are the first to get money after the sell off. As for the Bay Area housing market, I think it will take more than this sell off to burst that bubble.....I think only a major recession could do the job. ted

To: SteveC who wrote (105580)	4/15/2000 2:35:00 AM
From: Joe NYC	Read Replies (1) \| Respond to of 1573857

Steve, I'm also in a different situation than probably many others, I want to buy a house this year. I actually might be able to buy one for cash thanks to AMD It may be a good feeling not to have a mortgage, but look at it this way: Uncle Sam + your state will pay you up to half of your interest payments in form of tax savings. I don't know what the current rates are, but let's assume your mortgage rate would be 7%, and your tax savings would reduce it to 4%. That's a good rate. It's almost the rate of inflation. So every year, your payment is less in real money. If you almost have enough to pay cash, I would still borrow the maximum allowed to be below the "jumbo" category (I think it used to be around $260,000. This way you will be in the best position to shop for the best rate / terms of the loan. Joe