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To: Ed Forrest who wrote (19048)5/27/1999 11:24:00 PM
From: Sabrejet  Read Replies (1) | Respond to of 41369
 
I guess you have me on that one! I use my debit/Visa logo card so I get the point!

My thinking was brought about by the concern of credit balances rising among consumers. One could say, "hey, if I day trade and make 100% a year, then why don't I take all my money, use it to trade with then charge everything!...If I just pay the minimum, I can make a killing"

And then 1 bad trade or two later and we have another high diver!

I was trying to make a point that trading is an extra. I feel good leaving all other financial issues alone. Do you know what I mean?

sz



To: Ed Forrest who wrote (19048)5/28/1999 12:02:00 AM
From: Mary Baker  Read Replies (1) | Respond to of 41369
 
Ed...you are right. I carry no debt on my credit cards. Like you I pay everything with my AMEX card to earn flyer miles. But pay it off each month.
However, with these lower interest loans I am carrying the debt for the six months of the introductory rate...since the finance charge is so minimal I am only paying the minimum due each month. In the meantime I am using this cheap loan money to trade. I plan on having it all paid off before it converts to the higher interest rate.

Of course I could blow it at some point...but like I said I am watching it very carefully. But my assets more than outweigh any debt risk here.

Aloha,
Mary