Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (2425)	12/15/2014 6:01:26 PM
From: Jerome	Read Replies (1) \| Respond to of 26861

Hi Kirk, Here is how I managed to get $10K with almost no interest or other charges. I had a credit union credit card with no balance on it and an annual interest rate 7.8% and a credit line of $15.000. So I went to the Credit union and told them I wanted $10,000 cash of my line of credit. They gave me the $10,000 in cash which I used to buy my Chevy truck. So now my credit union credit card shows a balance owed of $10,000 and payments of about $200 a month. Two days later the balance showed up on line., when I logged on to my account. So I called the bank that was offering ZERO interest for 18 months and no transfer fee and did a transfer from the credit union to Visa bank card with the special offer. The bank would give me a cash advance but only at a 12% annual rate. I could have sold off some stocks to get the 10K, but this seemed a cheaper way to go. The $10K stays invested and hopefully grows to a larger sum. $10,000 represents about 275 shares of HPQ. Hopefully HPQ doubles and I repay the $10k and still have some HP stock left. I bought the Chevy Truck from a private party. Its an immaculate truck that was made right, and well maintained.

To: Kirk © who wrote (2425)	12/15/2014 6:26:07 PM
From: Jerome	Read Replies (1) \| Respond to of 26861

Russian problems......I suspect some thread viewers here give a silent cheer when they read about the Russian financial problems. But the problem is getting out of hand. The main Russian bank raised interest rates to 17 percent today in an attempt to stabilize the Ruble. The ruble is now at 64 to the dollar. It has depreciated more than 40% in the past three months. Keep in mind that when a big ship sinks (Russia), it often takes the nearby lifeboats with it. The suction created by the sinking ship is the culprit. The sinking Russian economy is like a sea anchor on our stock market. It may not make a lot of sense but that is how its being played out. While everyone is watching the oil slick, the vacuum created by the failing Russian economy will drag a lot of markets down. Remember when Greece was having all those financial problems.(about defaulting on debt).....European markets and ours also took a big hit. JMO.....