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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Jay k. who wrote (9391)	11/10/1997 2:00:00 AM
From: Dwight E. Karlsen	Respond to of 94695

Jay, I had a card with an introductory 5.9% also, which included 5.9% on cash advances. I accepted the card with the thought that if the super bargain basement "no-brainer" type of opp came up, I would get a cash advance and use it to invest with. I never did actually do it, and the introductory limited time has elapsed. Most introductory low rate cards don't give the low rate for cash advances, but like you and I found, there is the occasional offer out there. Another way to work around restrictions on cash advances is, if for example a person has the cash, and wants to buy say, a new computer, a person could charge the computer on a 5.9% credit card, and use the cash to invest with. Done carefully, I certainly don't see careful use of going on "margin" via credit cards as out of bounds for me. But like you say, people who borrow heavily on higher interest cards just to invest in the stock market are going to be hurt the worst in the event of significant losses in stock (or option) investments/speculations. DK