Originally Posted by
Led Zep
I guess that could work too.
There are a couple of ways to look at it. First, from my perspective is to attain a goal of not owing anyone any money. That is more from a personal peace stance.
The second way is the approach you have taken. It appears that you have done and continue to do well in trades and investments (btw, congrats - good job!). While you have a car payment, it sounds like your investing has afforded you enough cash on the asset side of your balance sheet to more than offset it. In other words, your car is paid for. If you had to, you could pay it off in a hurry if you needed too.
I could pay it off. Yesterday I was on the front side of the shorts and today I cashed in on my Calls when things bumbed from the Feds pumping more cash into the system as well as the ban on naked short selling. Ended up doing well. As of right now I'm out and have to wait the three days for the funds to settle so can transfer over TradeKing. After having setup an account with them I highly recommend the place. Decent money market yield on funds, cheap trades, VERY community oriented, and well organized. Many tools available for those that need them. TradeKing is miles ahead of sharebuilder and if it wasn't for the incredible customer service I get with TDameritrade I'd shift that account too. I also use one or two of TDs programs. If you're looking for place to start a new account I highly recommend TK. I've used TD, E*trade(horribly slow posting orders so flux in price can kill you), Zecco(don't even get me started), and sharebuilder and TK looks to be a great product.