Old Project Avalon Forum (ARCHIVE) - View Single Post - Planetary financial crisis next week around Oct 7?

Emman · 10-08-2008, 06:49 PM

Good posts Merlyn. I've been catching up on all the posts in this thread.

Your posts are very pragmatic regarding getting enough cash to last for a month or two. I have done that very thing. In my savings I have about $3000 that is normally earmarked for my Roth IRA. I took it all out and stuffed it in my mattress so to speak.

I have a question:

I have access to credit. In fact, I have access to over $10000 in my line of credit. Should I take a cash advance, say around $1000-2000 right now?? I try to avoid dipping into credit, but I'm also thinking that if I can get some cash right now I should do so because I'm thinking that if stuff goes down soon, then I may not have access to my credit and other cash at all. Thoughts?

Thanks....

10-08-2008, 06:49 PM	#48
Emman Avalon Senior Member Join Date: Sep 2008 Posts: 37	Re: Planetary financial crisis next week around Oct 7? Good posts Merlyn. I've been catching up on all the posts in this thread. Your posts are very pragmatic regarding getting enough cash to last for a month or two. I have done that very thing. In my savings I have about $3000 that is normally earmarked for my Roth IRA. I took it all out and stuffed it in my mattress so to speak. I have a question: I have access to credit. In fact, I have access to over $10000 in my line of credit. Should I take a cash advance, say around $1000-2000 right now?? I try to avoid dipping into credit, but I'm also thinking that if I can get some cash right now I should do so because I'm thinking that if stuff goes down soon, then I may not have access to my credit and other cash at all. Thoughts? Thanks....