Profiting from Credit Card Defaults

December 30, 2008 by  
Filed under Investing

Last week I disavowed negativity about the world of personal finance until 2009.  I don’t intend to break that vow today.  However, writing about how we might profit from negative financial projections is actually positive, so I’m going for it.  You can file this as a last minute, end of year stock tip.  Maybe you could still benefit from taking a capital gains loss in 2008.  (Don’t forget that up to $3,000 of that loss is deductible from ordinary income.) Read more