Re: Borrow money to buy shares?

Welcome to the Crystallex HUB on AGORACOM

Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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Re: Borrow money to buy shares?

in response to

Borrow money to buy shares?

nomar

posted on Jul 18, 2010 10:32AM

I just got an offer from my credit card company for a cash advance at 0% interest until January. If I borrow $3000 and buy 7000 shares, I can bring my average cost down to $1. Any thoughts?

Nomar...that has been my investment strategy over the years. So far it hasn't worked and they've raised my interest rate to 29.99999%. What the hell. Go for it!

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