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What is your float for the month?

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Old May 12, 2014 | 12:01 pm
  #16  
 
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why another my dick is bigger than yours thread?
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Old May 12, 2014 | 12:19 pm
  #17  
 
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$5,000. I was unable to liquidate $5,000 worth of VGCs before leaving for vacation. I try not to float much.
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Old May 12, 2014 | 12:24 pm
  #18  
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Originally Posted by oohaahouch
why another my dick is bigger than yours thread?
The other one(s) weren't long enough??
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Old May 12, 2014 | 12:52 pm
  #19  
 
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Actually floating kind of sucks. Just prior to the CC from CVS disappearing, I was floating about 5k. On the night before I floated near 20k (way out of my comfort zone). Now the float has gone down to 5k again.

But the scary thing is I'm trying to figure out if it was actually only float, since after all my cc payments, I feel like my bank account balance has decreased significantly.

Floating money constantly I guess numbs the value of the actual dollar and seems like my spending has gone up in the mean time
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Old May 12, 2014 | 12:54 pm
  #20  
 
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Originally Posted by C.F. Frost
The other one(s) weren't long enough??
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Old May 12, 2014 | 12:59 pm
  #21  
 
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Originally Posted by fletch512
It's not the size of the float but the motion of the ocean. I float 1.5 M per month on my centurion card. No points, but I just want Amex to know that I'm a balller
Hey, you too? When I buy & sell all of my private jets & yachts, I like to push it through there so they know I'm really somebody.
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Old May 12, 2014 | 1:01 pm
  #22  
 
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Originally Posted by jimbaum
Actually floating kind of sucks. Just prior to the CC from CVS disappearing, I was floating about 5k. On the night before I floated near 20k (way out of my comfort zone). Now the float has gone down to 5k again.

But the scary thing is I'm trying to figure out if it was actually only float, since after all my cc payments, I feel like my bank account balance has decreased significantly.

Floating money constantly I guess numbs the value of the actual dollar and seems like my spending has gone up in the mean time
You need some better tracking systems there brah. It is easy to misplace a card, have an ACH not go through as it should, not load a MO, etc. Especially as volume goes up.

Checks and balances.
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Old May 12, 2014 | 1:11 pm
  #23  
 
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Old May 12, 2014 | 5:45 pm
  #24  
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Originally Posted by fletch512
It's not the size of the float but the motion of the ocean. I float 1.5 M per month on my centurion card. No points, but I just want Amex to know that I'm a balller
But do you have 20" blades on your Impala and get to call your own shots?
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Old May 12, 2014 | 6:16 pm
  #25  
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I get my post deleted for saying idiot and this crappy thread is still alive??
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Old May 12, 2014 | 6:33 pm
  #26  
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Originally Posted by kingrat
I get my post deleted for saying idiot and this crappy thread is still alive??
I have had posts get deleted for who knows why. It must be some word that gets flagged.
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Old May 12, 2014 | 7:10 pm
  #27  
 
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During the days of the mint, total float for the month peaked at $450k. Gotta remember back in the day The Zombie Buffalo was allowing the purchase of 30 day CDs by credit card, The First Bank of the Spook wasn't spooked, there were many miles earning debit cards to spend float and turbocharge MS. There were other great opportunities as well. You could have a lot of fun rolling over IRAs (60 day windows) and pushing the funds out checking accounts with miles earning debit cards over and over again.
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Old May 13, 2014 | 11:08 am
  #28  
 
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Originally Posted by C.F. Frost
The other one(s) weren't long enough??
I see what you did there...
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Old May 13, 2014 | 11:40 am
  #29  
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Originally Posted by jimbaum
Actually floating kind of sucks. Just prior to the CC from CVS disappearing, I was floating about 5k. On the night before I floated near 20k (way out of my comfort zone). Now the float has gone down to 5k again.

But the scary thing is I'm trying to figure out if it was actually only float, since after all my cc payments, I feel like my bank account balance has decreased significantly.

Floating money constantly I guess numbs the value of the actual dollar and seems like my spending has gone up in the mean time
Do you know what "floating" means? Of course its going to make it appear that your bank account balance has decreased significantly because you are fronting say $5K or up to $20K from your bank account. This is why most people DO NOT float even if it means they lose out on some MS. The money is not gone...its just that all that float money are on GCs that are scattered all around into other accounts like BB/Serve, Netspend, AP, Paypower, etc. This is why record keeping is so important. I think in your case if you have no way to dump the funds relatively quickly within that month you shouldn't be floating anything. Floating isn't such a good thing if you don't have a bunch of other expenses to dump it off too.
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Old May 13, 2014 | 3:20 pm
  #30  
 
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Originally Posted by Rick471
My float is 506.95 per month...too low?
Too high.
And by this I mean the fees you pay for VGC.
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