You mean individual stocks, because I DO own stocks...they are just all in mutual funds.
coach d wrote:Ghost of Igloi wrote:In my case, it's a 2010 Mercedes S430, and because I bought it with a 1.9% car loan instead of taking the money out of Pimco Total Return to pay cash, I have $13000 more in my account, and yes, the car is mine now. Could I afford to pay cash for a new Mercedes? Sure, but why would I want to when that would leave me with less money?
Watch it. I drive a 2001 Buick LeSabre. At least I am not one of the typical American car poor population. One of the trillion dollared indentured servants. And none of them OWN their cars, they are BUYING a car on TIME.
If you and Flagpole listened to Benjamin Graham or Peter Lynch and owned stocks, you could do that too.
No offense, but I wouldn't want to buy a Mercedes, and if someone gave me one, I would sell it as soon as possible.