|
I'm going to go against the flow here and actually recommend you go with the credit card, on two conditions :
1) the stocks you bought seem like a good option to rebound from the loss. Depending on how the money's invested and what sort of stock it is this is more or less likely, so that's a call you'll have to make on your own. The general wisdom is that when dealing with securities the best option is to buy and hold and just let the stock climb in value, but if the company goes insolvent than that doesn't get you very far.
2) You are 100% certain you can pay off the remainder on the card next month and will do so. Credit cards are a sort of instant rainy day fund, best saved for an emergency. Well dude, it's pouring out. If you don't have to carry the balance then one month's interest isn't likely going to cause you that much grief and keeping the other financial assets is more likely to benefit you in the long run under the right circumstances (see 1).
__________________
I wake up in the morning more tired than before I slept
I get through cryin' and I'm sadder than before I wept
I get through thinkin' now, and the thoughts have left my head
I get through speakin' and I can't remember, not a word that I said
- Ben Harper, Show Me A Little Shame
|