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Author: chriszap One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308794  
Subject: $5000 at 4.9% Date: 9/4/2003 6:13 PM
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So, I have a postition in a certain stock worth 10K right now from ESPP shares. I also have $5000 in credit card debt, on one card, with a $22,000 limit. I'm way above water on this in terms of income, and if I were disciplined about it I could pay it off in about 3 months.

I know that one of the tenets of Foolish investing is no credit card debt. However, I'm already in the market by virtue of my ESPP (employee stock purchase program) shares. I also set aside money for short-term savings and sweep it into my brokerage account periodically. At this point, I am considering diversification, and further Foolish investment. I figure the interest rate is low enough, I make fairly large payments and still have enough to save plenty. Is there anything wrong with this assessment? I know the numbers game with credit card interest. I NEVER pay minimums, and I'm "comfortable" dealing with this debt (it was planned) rather methodically.

Advice appreciated!

Thanks,
-chris
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