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Reply #12: how much will you net? [View All]

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amazona Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-22-04 06:10 PM
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12. how much will you net?
I don't need a literal answer to the question, this is something you need to investigate for yourself. I don't see anything wrong with profit-taking if you need to pay off loans anyway.

Being debt-free is good if you expect deflation or if you have reason to fear interruption of income. Debt is actually to your advantage if you expect inflation and you have a secure income. Since I can't tell the future, I can't tell you the best move to make.

As for the euro, Currency speculation is seldom a good idea for amateurs in my view. I think we missed the boat on the euro anyway. Should have bought it when it was first issued. The dollar has already fallen 60 percent against the euro from its high, so you'd be getting a terrible price. We want to buy low, sell high, not the opposite. But this is just one person's opinion. I suppose the dollar could fall further, but it doesn't seem to have much further to go if you ask me.
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