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To: ItisaReligionofPeace
A few years ago, one of my credit cards offered 0% (+$75 fee) for 9 months - couldn't beat that, so I borrowed $50,000 at 0%, threw it into stocks, and nearly doubled it. Now this same CC is offering 4.9%. I'm thinking about it, considerably less than margin loan.

I'm sure they are trying to lure people who cannot repay, or keep up with monthly payments into making a poor choice. My situation is quite different. I feel like I'm cheating them at their game.

183 posted on 08/12/2007 9:40:50 AM PDT by GregoryFul (how'd that get there?)
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To: GregoryFul
A few years ago, one of my credit cards offered 0% (+$75 fee) for 9 months - couldn't beat that, so I borrowed $50,000 at 0%, threw it into stocks, and nearly doubled it. Now this same CC is offering 4.9%. I'm thinking about it, considerably less than margin loan.

IMO that's a fool's game.

185 posted on 08/12/2007 9:45:47 AM PDT by BearCub
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To: GregoryFul

I’ve done similar things, though not quite the doubling in stocks! Way to go. There are some risky buys out there right now, but the upside potential is also enormous. Good luck to you!


192 posted on 08/12/2007 4:59:17 PM PDT by ItisaReligionofPeace
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To: GregoryFul

I might do the same if I weren't 60 and now into the 'cash is king' mode...
196 posted on 08/12/2007 6:46:24 PM PDT by ErnBatavia (...forward this to your 10 very best friends....)
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To: GregoryFul

I’d only do that if I had more than enough cash to cover that and then some.


198 posted on 08/12/2007 6:58:44 PM PDT by RockinRight (Fred's Campaign: A hell of an opening, coast for a while, and then have a hell of a close.)
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