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Author: Mei2 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308357  
Subject: Re: 3.9% until paid off deal. ??? Date: 1/6/2000 3:42 PM
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1. Make sure you read the fine print on Citibank's offer (are there any [transfer] fees, for example?).

2. "Pay off CC debt before investing" means precisely that--generally, it will make more sense to pay off your credit card debts BEFORE investing. Thus, it would be better for you to maximize the benefit of the 3.9% rate by paying off your CC debt sooner rather than using the "extra" cash to put towards stocks.

3. I don't know how much your CC balances are, and I can understand one's eagerness in joining the market. But be patient; the market will be there. Good companies will still be there when you make your final CC payment (& we'll do a Happy Dance for ya). I "rushed" to buy QQQ (Nasdaq 100) in late December, thinking I just couldn't wait by the sidelines while Nasdaq kept rising. I bought at 180, and now it's at 166. (I'm in it for the long haul, though.)

Good luck.

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