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To: SouthFloridaGuy who wrote (182604)	7/23/2002 4:38:29 PM
From: clochard	Respond to of 436258

Buy an SUV!

To: SouthFloridaGuy who wrote (182604)	7/23/2002 4:38:44 PM
From: yard_man	Read Replies (2) \| Respond to of 436258

don't do a) -- unamerican b) is a good idea, just don't do it all at once, DCA c) keep a gun under your matress like everyone else on the CFZ <vbg>

To: SouthFloridaGuy who wrote (182604)	7/23/2002 4:48:48 PM
From: smolejv@gmx.net	Respond to of 436258

I dont know what you should do. I'll just tell my mindset now: I'll cash in some time down the road and pay down your debts.

To: SouthFloridaGuy who wrote (182604)	7/23/2002 5:16:01 PM
From: reaper	Read Replies (3) \| Respond to of 436258

<<Also, if the Fed will do everything in its power to reflate, shouldn't I just take on more debt right now?>> i would frankly (and have been) take on as much debt as possible right now. not to spend, mind you, but to have the liquidity available to spend later. 'cause when 'later' comes you won't be able to get the money. i have maxed out several '0% for a year, 0% on balance transfers' credit cards from COF, MBIA and their ilk; normally i would pay these off every month (i use them for recurring expenditures) but why bother when the money is free. also have taken out a very large interest-only home equity line from my local collapsing bank for 425 bps, which is only about 250 bps after tax. all this money is sitting in short-term (0-5 years) debt instruments backed by the full faith and credit of the US government, such that the net after tax cost of this capital is +/- 75 bps. and the key is that i have it when i need it. 'cause when million dollar condos are selling for $250k in 4 years, one of the reasons they'll be selling for $250k is that nobody will have any money to buy them. except me. <g> Cheers