In Reply to: Buying on time. posted by tmsorosk on August 8, 2012 at 05:33:19:
Hahahaha! There are several really great replies here! I particularly liked the view about gambling vs frivolities, and the one about taking it with you in the casket, and a couple others. Youse guyz.
Anyway... It's a money management question. If you pay 8 - 18 percent on that credit account, are you making more (after taxes) by using your money elsewhere? It's also an opportunity question. Whatever interest rate you pay on the borrowed money, is it justified by taking the opportunity now rather than later, when the opportunity might not be available or the price will be significantly higher? It's also a lifestyle question. Are you in an income position where you can afford the monthly payments, and you'd like to have the product now rather than waiting until you can pay cash?
Just please don't say that you bought Activision today at $11.66, 'cause it's fixin' to go down.
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Follow Ups
- RE: Buying on time. - Inmate51 10:47:50 08/08/12 (0)