so is this stupid or do i just think its really stupid - FMVperformance.com : The site for all your Ford Mazda and Volvo needs
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post #1 of 17 (permalink) Old 11-14-2008, 04:25 PM Thread Starter
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so is this stupid or do i just think its really stupid

co worker of mine, just got a new credit card and maxed it out on stocks....says hel make a foutane in a few months....now is it just me or was that a horrible idea?

I never change my oil now that I'm boosted. Before I put on my stage 3, I had my engine teflon plated...it allows me to not use oil plus its guaranteed nonstick...
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post #2 of 17 (permalink) Old 11-14-2008, 04:26 PM
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Re: so is this stupid or do i just think its really stupid

lol......stay out of the market right now.


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post #3 of 17 (permalink) Old 11-14-2008, 04:27 PM
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Re: so is this stupid or do i just think its really stupid

could be incredibly stupid if stocks don't go up before he has to repay the card.
assuming he as a basic rate of 12-18%, stocks would need to rebound sharply to cover the interest alone.

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post #4 of 17 (permalink) Old 11-14-2008, 04:30 PM Thread Starter
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Re: so is this stupid or do i just think its really stupid

he says its intrest free for a year, and he bought 5000$ worth..now hes an idiot...so the second he said he did that...just made me go oh and die a lil

I never change my oil now that I'm boosted. Before I put on my stage 3, I had my engine teflon plated...it allows me to not use oil plus its guaranteed nonstick...
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post #5 of 17 (permalink) Old 11-14-2008, 04:31 PM Thread Starter
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Re: so is this stupid or do i just think its really stupid

and im gona be pissed if somehow he picked the right stocks, and hel make all his money back and more...

I never change my oil now that I'm boosted. Before I put on my stage 3, I had my engine teflon plated...it allows me to not use oil plus its guaranteed nonstick...
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post #6 of 17 (permalink) Old 11-14-2008, 04:38 PM
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Re: so is this stupid or do i just think its really stupid

[quote author=chillin in the milan link=topic=128361.msg2745519#msg2745519 date=1226698278]
and im gona be pissed if somehow he picked the right stocks, and hel make all his money back and more...
[/quote]

yeah, but think of all the pain and sleepless nights he'll have in between now and the time he makes his money back, if he makes anything at all. i like being able to sleep at night, thank you
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post #7 of 17 (permalink) Old 11-14-2008, 04:40 PM
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Re: so is this stupid or do i just think its really stupid

[quote author=mctwist link=topic=128361.msg2745503#msg2745503 date=1226697986]
lol......stay out of the market right now.


[/quote]

Why? If you're looking for a long-term investment than right now isn't a bad time...of course it could get a bit better too (from a buyer's perspective).

What is the interest on the credit card? If it's 0% then he isn't losing anything (just yet).

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post #8 of 17 (permalink) Old 11-14-2008, 04:43 PM Thread Starter
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Re: so is this stupid or do i just think its really stupid

it makes me think of beverly hill billys...not to be mean. but have you ever met a moron with money...im hoping that doesnt happen...not to be mean

I never change my oil now that I'm boosted. Before I put on my stage 3, I had my engine teflon plated...it allows me to not use oil plus its guaranteed nonstick...
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post #9 of 17 (permalink) Old 11-14-2008, 04:54 PM
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Re: so is this stupid or do i just think its really stupid

just do you. whatever
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post #10 of 17 (permalink) Old 11-14-2008, 04:55 PM
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Re: so is this stupid or do i just think its really stupid

[quote author=JMS3GTL link=topic=128361.msg2745581#msg2745581 date=1226699658]
just do you. whatever
[/quote]

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