posted on Jun, 28 2016 @ 09:15 PM
a reply to: Vector99
Yea I don't really do this for quick cash. I do it to add growth to my IRA. No reason not to make regular purchases until the bottom. I prefer the
"buy on the way down" route, rather than trying to gamble on timing the absolute bottom and the begin purchasing during upward momentum. A lot of
people miss potential volume when they try to time the very bottom.
a reply to: DeepImpactX
And thank you for the encouragement
a reply to: BIGPoJo
Debt is simply another variable in the game. it is how you use the debt and what one uses it for that counts. I don't do "consumer" debt anymore. The
infrequent times I do use someone else's money, I make sure its as close to interest free for at least a year as I can and go for readily liquidated
assets. I don't really have to do that unless I see a window of opportunity that is too juicy to pass up.
Also, if the debt is for a revenue generating operation, that you are doing it exactly the way you are supposed to be utilizing it. Just don't go buy
up tv's, sneakers, tablets and smartphones. Thats how people get bogged down, they waste debt on junk.