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  #1  
Old May 27th, 2004, 09:47 AM
MHoward909 MHoward909 is offline
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Join Date: Feb 2003
Location: Northport
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Default STOCK QUESTION

If you buy stock get your on board credit.. How long do you have to keep the stock to keep the on board credit?
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  #2  
Old May 27th, 2004, 11:14 AM
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I would assume until after your cruise.

It would hardly be worth buying and selling quickly because of the fees involved-- and the price of the stock is moving very slowly. Right now it is $39.99, which means you would have to invest $3999 to get the required 100 shares of stock. And if you have any short term capitol gains you would have to pay tax on it as well.

Better to be in for the long haul.

Char

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  #3  
Old May 27th, 2004, 03:54 PM
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Lsimon Lsimon is offline
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Long enough for it to show up on a monthly statement for you to submit.

But I'd say that it would be a bit risly to buy $4,000 worth of stock to save $100, especially if you don't want to hold it. You might loose more than that on turning it around and will pay round trip broker's comissions (both buying and selling) that will chew up a big chunk of the comission.

OTOH, I've made about $1100 on the RCL stock I bought last year. I think the stock is a good price, especially after falling off $5 or $8 or so a couple of weeks ago. But that's still for a long hold. If you'd bought for the credit before that fall off and lost $500 to $800 in the past few weeks...
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