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To: Mary Baker who wrote (18974)5/27/1999 5:13:00 PM
From: Sabrejet  Read Replies (2) | Respond to of 41369
 
Just my opinion but I would be quite pressed to ever think about cash advancing a credit card for investing. I understand your point with regards to the interest rate but it reminds me of putting a down payment of a house on a credit card or buying your groceries with a credit card. Trading with margin, as I do is processed and cleared without going down with the ship! I use it ONLY to day trade. No long term holdings on margin.

sz



To: Mary Baker who wrote (18974)5/27/1999 7:12:00 PM
From: Robert Brooks  Read Replies (2) | Respond to of 41369
 
Mary,

Margin interest ranges between 7-9% for the time you hold the stock depending on your broker. (I use MBTrading who charges me about 8%). If you are truly borrowing money at 3.5% (credit card checks sometimes have hidden upfront fees) and are comfortable with it, this is the way to go vs. margin interest.

Regards,

RB



To: Mary Baker who wrote (18974)5/28/1999 12:07:00 PM
From: freeus  Read Replies (2) | Respond to of 41369
 
Where can you get a 3.5% rate? I thought that was just introductory rates. Even at Brown the margin interest is 5 1/2 -6 1/2 % and thats the lowest I know of. So if you are really getting that rate you are doing the right thing for yourself.
Freeus