No. of Recommendations: 4
There were times when the stock dropped and I felt like I needed to cash in. At that time my stock value was about the same as my debt. Some sleepless nights, but I just felt like I needed to hang on. While I had no problem making the minimum payments, I was getting nervous that if this stock became worthless, it would put us in a bad situation. Finally, my stock went from under a dollar a share to 4 dollars. It made it easier to carry debt knowing that I could sell my stock and pay it off. I let it ride, until the stock hit 15 a share. I could now sell 15% and pay off the debt, letting the rest ride. I would not recommend this to anyone, like I said, it was a gamble that paid off.
Print the post  


UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.