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Author: whineluvr One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 310322  
Subject: Deferred Interest Date: 2/5/1998 1:12 PM
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Last year I made 2 purchases of furniture in which I took advantage of the "no interest for a year deal". I have been making payments thru the year of $20 and $50 so that I have about halved the outstanding balance. The no interest option expires in June. I have a small portfolio of stocks (value around $2000) that, if I sell them, would net a loss of about $200 on my original investment, but would pay off both purchases.

So, question is, should I sell the stocks now, take the loss and pay off these 2 purchases or keep the stocks, see what happens with the market and sell right before I get nailed with a year's worth of interest? (If I sell the stocks now, that gives me an extra $70 a month to pay off credit card balances, but if I don't, the stocks may soar). I am trying to decide if this is a classic case of "A bird in the hand is worth two in the bush".

I am looking for the most Foolish approach :).
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