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Welcome to SportTrac.Org
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Mortgage Questions
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<blockquote data-quote="Bill V" data-source="post: 767613" data-attributes="member: 54538"><p>If credit cards were available at a lower rate of interest than the return rates that could be garnered by playing the stock market or casino, then yes, it would make sense. But typical credit card rates are far higher than typical stock market return rates, and typical casino returns are negative, which is why such a proposal doesn't work.</p><p></p><p></p><p></p><p>But yes, if you give me a credit card with a 4% interest rate, I'll max it out, invest the money in higher-yield investments, and come out ahead of someone who doesn't do it simply because they fear or don't understand the concept of carrying debt.</p></blockquote><p></p>
[QUOTE="Bill V, post: 767613, member: 54538"] If credit cards were available at a lower rate of interest than the return rates that could be garnered by playing the stock market or casino, then yes, it would make sense. But typical credit card rates are far higher than typical stock market return rates, and typical casino returns are negative, which is why such a proposal doesn't work. But yes, if you give me a credit card with a 4% interest rate, I'll max it out, invest the money in higher-yield investments, and come out ahead of someone who doesn't do it simply because they fear or don't understand the concept of carrying debt. [/QUOTE]
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