Selling some stock today...

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jadinolf

Lifer
Oct 12, 1999
20,952
3
81
Originally posted by: jmcoreymv
Well if your stock tanks, and you don't have the money to pay off the debt in May, then you are going to get screwed.

Yep.
 

alien42

Lifer
Nov 28, 2004
12,868
3,298
136
Originally posted by: richardycc
buy some SLJB, either gain a lot or lose everything....

wow, didnt think i would see that posted on ATOT. i have some SLJB but i wouldnt recommend anyone buy it without the 'gain a lot or lose everything'. of course i bought in at .023 months ago (when it was LFWK) and already made a profit and have nothing but free shares left :)
 

her209

No Lifer
Oct 11, 2000
56,336
11
0
Originally posted by: her209
Originally posted by: Pho King
why is RIMM's stock going crazy?
They have a good product? Plus PALM just got sued...
LOL... if the OP listened to me, he would have made a nice 17% profit (including today's earnings). :D
 

akshatp

Diamond Member
Oct 15, 1999
8,349
0
76
Pay off the debt... why worry about it for a potential $40 that you stand to earn in interest?
 

iversonyin

Diamond Member
Aug 12, 2004
3,303
0
76
Originally posted by: her209
Originally posted by: her209
Originally posted by: Pho King
why is RIMM's stock going crazy?
They have a good product? Plus PALM just got sued...
LOL... if the OP listened to me, he would have made a nice 17% profit (including today's earnings). :D

Hindsight is always 20/20 :D

Wasn't hard to call this quarter's RIMM's earning. With their new lines of product and after fending off those stupid Canadians' lawsuits. They really set off a nice quarter.

Kudos to RIMM and their stockholders.

I think RIMM is too risky for OP. 6 mo's CD and rack in risk free interest is more like it. Ohh, one more tip...never pay/delay payment to 0% interest loan! Its FREE money!
 

BurnItDwn

Lifer
Oct 10, 1999
26,353
1,862
126
I agree with the others who are saying reinvest for the next 6 months and then pay the loan off.

Your safest bet is obviously a savings account or a 6 month CD or something of that nature.
If you can afford to take some risks, it may be worthwhile to consider a blue chip "buy and hold" type of stock.

I personally have several hundred shares of Wag, but the stock hasn't been performing very well the last few years (it's mostly been idle, then Walmart announced their cheap generics, then Wag dropped, now it's climbing back up. I bought another 100 shares on 11/27 for $40.10 each, it's back up to $45.96 currently.
Of course it's possible the stock may take another big hit before May, so there is indeed risk involved, however, I am hoping it goes up. A couple of splits would really help me :)

Look at what's out there, and decide what's best for you.
 

crownjules

Diamond Member
Jul 7, 2005
4,858
0
76
First - Never take stock tip advice from ANYONE, not even your father or your best friend. You have no idea what kind of research they put into their "expert advice", if any. Are you really willing to put your money on the line on what might be someone jokingly giving you a suggestion?

That being said, if this $2000 represents paying the bill or not, then you should definitely not be investing it in anything risky. Stock trading/investing is pretty much gambling, and the number one rule of both is never gamble with money you can't afford to lose. Just stick it in a Citibank savings account where it'll earn you $50 over the next six months.