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
Monday, April 7, 2008
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