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

To: Scumbria who wrote (107378)	4/22/2000 2:56:00 PM
From: TimF	Read Replies (1) \| Respond to of 1571935

RE: That is true. Credit card companies are perfectly happy to let people sink further and further into debt indefinitely at 28% interest. Scumbria I looked at it as a bet on the stock price increasing more in the two months (maybe less) before I pay it off, then what the interest will be in two months. Going into debt so much that you are depending on the stock price rising to pay of the debt is too much of a risk, but I can pay this debt off out of my spare income. (Even if the price goes up I don't plan to sell to pay back the debt unless it goes up a lot). Still the points that were made about buying stock on debt were good ones, esp since 70% of my money is in one stock (AMD). I do have to be careful here. Tim