SDL 0.00% 0.6¢ sundance resources limited

hypothetical, page-23

  1. 1,107 Posts.
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    Willalwaysbebroke,


    Option A)

    Sell your shares at 10am. Take all of your cash over to the casino and put it on black. Use half of your winnings to pay off your credit card debt, and throw your original outlay, plus another 50% back into SDL. Problem Solved.


    Option B)

    Let your shares in SDL ride, and bank on them outperforming the interest that you will incur on your credit card. In the meantime, work like a dog to pay your credit card off. If SDL goes belly up though, you have to live with it, and your credit card debt.

    Option C)

    Sell half of your shares to pay off your credit card debt. And keep the other half in SDL. This ensures that you get rid of the debt, however it also ensures that you will be kicking yourself when the shares get to $1.00.


    Option D)

    Sell all of your shares in SDL and use it to pay off you entire credit card debt. Then come over to my house and do some cooking and cleaning with my Mrs, because you have resigned to the fact that you are an old woman.


    I guess it all depends on what your risk tolerance is. But either way, you should be vouching never to use a credit card again, or if you do, ensure that you set up an automatic sweep so that you pay it off every month and never incur interest.

    Credit cards are for battlers, when not used properly.
 
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