Be broke now and in the future by trading stocks for vacations

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12-11-2008 @ 2:56PM

Johnie said...

I think you are missing the full ramification of this deal. You don't have to actually have been holding the stock on July 1, 2008 to take advantage of this deal. You can actually go out on the open market and buy the stock and immediately transfer it to them. So in other words, you are getting an immediate discount of up to 40%.

For example:
Morgan Stanley (MS) is currently trading at $14.05. You can buy 71 shares of that for a total of $997.55 and trade it in for a vacation worth $2627 which is a 37.97% discount.

So if you were going to go on vacation anyways, it would be better to spend $1000 on MS stock to get $2627 than to just pay out $2600 outright.

I've done further analysis on the promotion here: http://www.fatwallet.com/forums/finance/886466/m13172712#m13172712

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