No. of Recommendations: 0
As a reformed credit card addict (they will all be paid off this spring) I have been toying with the
idea of being my own credit card company. Here how it should work (you can help me flesh out the

I will be getting a profit from a land sale this year (allegedly) and will be putting half of it directly into
the foolish four. The other half, I would like to put into an investment that is relatively liquid so I can
use it as my credit card. This money would stay invested until I get the urge for a vacation, a new
computer, a chainsaw, or a new torque wrench. Then I would buy what I want with the funds and
pay them back systematically, like a credit card.

1. Do the numbers make sense? I would not be paying visa/mc 16%, but I also would not be
getting 16% from KO.>>

And you would not be watching your investment being cut in half in a market downdraft

<< 2. I know that the weak link in the plan is the repayment. I will have to be very determined.>>

Very big problem. It would be best to set up a scheduleing program of some sort to tell you to pay it off just like credit card debt.

<< 3. Does anyone know of a good investment that offers a debit card? Right now I have a checking
account that offers a visa debit card. This is great because any time I use my visa card, it just comes
out of my checking account. I still believe that credit card is the only way to buy mail-order.>>

A service offered by some brokers (none of the deep discounters, but some of the discounters) is a debit card secured by the brokerage account. It is deducted first from the cash in the account, then from a margin loan (if it's a margin account). I believe some of the mutual fund families also have such a deal.

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