Programs: Former AA EXP/2M Lifetime now Blackballed UA Premier Executive PWP Bronze
Posts: 5,751
Quote:
Originally Posted by mooper
I didn't say risk-free. My point is that there is an opportunity cost to having $500 in coins sitting around waiting to be spent, as you can invest conservatively and earn 4%, fairly conservatively and earn 8%, and aggressively for 10%+.
actually you could invest the $500 you get from depositing coins (that are more of a interest-free cash advance), and pay the cc bill a month later without being out a penny.
if anything, you are losing money by not doing this as opposed to this costing you more money.
that probably makes no sense, but here is what i am trying to say.
6/15 coins ship, cc charged
6/20 you have $500
6/21 you deposit $500
6/22 you invest $500
7/1 you get cc bill
8/1 you pay cc bill - $500 w/o any interest
for five weeks you have been earning 4%, 8% or 10% (your numbers).
oh and you get miles for your interest free cash advance.
__________________ The saying "Getting there is half the fun" became obsolete with the advent of commercial airlines. Henry J. Tillman
Programs: FT-1200 post club, UA 1K, PriorityClub Gold, Starwood Gold
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Quote:
actually you could invest the $500 you get from depositing coins (that are more of a interest-free cash advance), and pay the cc bill a month later without being out a penny.
if anything, you are losing money by not doing this as opposed to this costing you more money.
Beautiful. Glad there are other like-minded folks out there.
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“Be Who You Are and Say What You Feel Because Those Who Mind Don't Matter and Those Who Matter Don't Mind.” - Dr Seuss
OOPS! You know, at one time, I had memorized all 40 presidents (this was a few years ago ), and most of their vice-presidents. Seems it was overwritten when I started memorizing obscure airport codes...
actually you could invest the $500 you get from depositing coins (that are more of a interest-free cash advance), and pay the cc bill a month later without being out a penny.
Absolutlely correct. I was addressing those who were planning on slowly spending the coins rather than investing them. However, even those who invest must be comfortable with the risks associated with the order and the relatively meager return for the effort of ordering/depositing/investing. If we were talking about $100 o even $50 on a $500 purchase, I could understand how some folks would deem it worthwhile, but for ~$10?
Programs: UA Premier, HH Gold, PC Plat, Marriott Silver, Hertz 5*, Avis First, Citi Chairman, Nexus
Posts: 866
Quote:
Originally Posted by mooper
Absolutlely correct. I was addressing those who were planning on slowly spending the coins rather than investing them. However, even those who invest must be comfortable with the risks associated with the order and the relatively meager return for the effort of ordering/depositing/investing. If we were talking about $100 o even $50 on a $500 purchase, I could understand how some folks would deem it worthwhile, but for ~$10?
Make that $30-45 for me. I used my Citi Amex Plat with 3 TY points per dollar. I can easily get 2 cents per point redeeming for flights (fixed-point redemption), 3 cents with a bit more work (business class).
I wouldn't have done it for $10. Too much chance that something could go wrong, like somebody grabbing the coins from the mailbox.
Got my coins in the mailbox today. Took a box ($250) to bank america. Chick looked at them a little funny, but didn't say much. Easy deposit. I will do the other $250 tommorrow. I didn't want to do them all at once because I think they would be more likely to question it. I may place another order......oh, and forgot, they have not charged my credit card still.
Programs: Hilton & SPG Gold, & every airline program that I can join
Posts: 1,151
I am a merchant, so I will use them in the till instead of $1 bills.
As for the per person limit, do they need a signature for delivery to a po box (we have no street delivery in East Glacier)? I am thinking of using my dog's card and address for an order.
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From sunny Fort Myers, FL in the Winter
Chilly East Glacier Park, MT in the Summer!
I am a merchant, so I will use them in the till instead of $1 bills.
As for the per person limit, do they need a signature for delivery to a po box (we have no street delivery in East Glacier)? I am thinking of using my dog's card and address for an order.
No signature here.
My mailman just left the Mint package in my mailbox with the regular mail.
I am a merchant, so I will use them in the till instead of $1 bills.
As for the per person limit, do they need a signature for delivery to a po box (we have no street delivery in East Glacier)? I am thinking of using my dog's card and address for an order.
I don't think there is a per person limit, only per order limit. Order 2 boxes as many times as you want.
), and most of their vice-presidents. Seems it was overwritten when I started memorizing obscure airport codes...
