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Personal Finances / Credit Cards and Consumer Debt


Subject:  paying off card vs. investing Date:  2/13/2000  1:34 PM
Author:  jamestily Number:  27093 of 312123

I have about $8000 outstanding CC debt at about 18%. Even though I'm paying over $100/month just in finance charges, my gains from online "weekday" trading have still been consistently exceeding 17% by far. My dilemma is: at what point, do I use the stock gains to pay off the card, if at all?

If I paid off all the cards, I would have nothing left to invest. If I even paid down the cards, it would reduce my stock buying power and therefore also the earnings capabilites. Any advice from someone who has managed a situation like this would be appreciated.
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