Pay back the debt. Get a job.
I got $90K from credit cards, where would you invest?
- Thread starter misterno
- Start date
Pay back the debt. Get a job.
I cant wait for your next post 6 months from now asking " why was I such a dumb ass?" and asking everyone why you lost the money.
just make sure you get a 11 month cd and pay it back before the introductory 0% apr expires.
If you lose track of time, all your profit will be gone when you get that 13th months statement.
I know very little
but credit scores seem so last year, I'd take $2700 and less credit over $0 and more credit.
having a high credit score is worthless if your not going to borrow
credit score changes pretty quickly it seems.
once it's payed back the score woud go back up I'm guessing
I'll add I think whatever logic they use is nonsense.
but in contrast to 1-6 mortgages defaulting, carrying 90k in debt for a year and paying it back should look great.
If you lose track of time, all your profit will be gone when you get that 13th months statement.
I know very little
but credit scores seem so last year, I'd take $2700 and less credit over $0 and more credit.
having a high credit score is worthless if your not going to borrow
credit score changes pretty quickly it seems.
once it's payed back the score woud go back up I'm guessing
I'll add I think whatever logic they use is nonsense.
but in contrast to 1-6 mortgages defaulting, carrying 90k in debt for a year and paying it back should look great.
I would stay away from this plan simply because the concept of borrowing to trade is a deathwish. this market is a professional market. Lets say you lose 25k how will you feel.
I have been where you are and the feeling is sick the only difference is that I took it to Atlantic City and won three days and lost two days. Broke even net net.. Th eonly differnce was the blood pressure and blood sugar and liver changes from Alcohol.
If you must trade 25k only and use margin. ALL or none if you lose it then you can pay it back.
Please stay on the board and keep us posted. I am curious and I would like to sample you in my book.
If you must I would buy 5000 shares of citibank. at 2 and 2000 shares of BAC, This is the best risk reward all or none trade. If you get a pop in the stock. Then you get a good dividend and when its up 150% you can pull the principal and let the rest ride.
When times are good you could be making 7 grand per day.
Good Luck
I have been where you are and the feeling is sick the only difference is that I took it to Atlantic City and won three days and lost two days. Broke even net net.. Th eonly differnce was the blood pressure and blood sugar and liver changes from Alcohol.
If you must trade 25k only and use margin. ALL or none if you lose it then you can pay it back.
Please stay on the board and keep us posted. I am curious and I would like to sample you in my book.
If you must I would buy 5000 shares of citibank. at 2 and 2000 shares of BAC, This is the best risk reward all or none trade. If you get a pop in the stock. Then you get a good dividend and when its up 150% you can pull the principal and let the rest ride.
When times are good you could be making 7 grand per day.
Good Luck