Monday, April 7, 2008

Good Choice, Wrong Choice & Stupid Choice

Should I dispose all my shares and repay my credit card at this moment?

Is it a good choice, a wrong choice or a stupid choice?

I was at a constant delemma over the above decision. They are pros and cons on each decisions.

The pros are:

1) If I dispose the share, I will be able to save on interest of Credit card amount to RM 300 / month.

2) If I dispose the share, I will be able to transfer my Maybank loan to RHB bank and save on interest amount to RM 300 / month.

3) If i dispose the share, I will not have to pay interest on the share financing amount to RM 125 / month.

4) Every month, I will be able to have an amount of RM 2000 in my bank account.

5) I will "look rich".

6) I will have money to proceed with my marriage.

If I keep the shares

1) I will have a future gain, the Warren Buffet Way

2) I will have something to look up to everyday.

3) I will feel better by only paper loss. (Losses amount to RM 5,000).

4) The feeling of "Owning something" is there.

I guess, the choice is quite obvious after I tabled it out..... to sell all the shares. Will see the market how.

Norm'C