Originally Posted by HouFly
(Post 24625201)
surely there are much easier ways of making/floating money with that time, for a net profit like you like to say :)
I invest about 10% of my credit limit in index funds and also get points every time I MS. If you value points, Credit cards effectively have a negative interest rate.
Originally Posted by HouFly
(Post 24625201)
and no NOT all CCs are 1% CB cards.
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Originally Posted by ThisIs_MyName
(Post 24673375)
Not that I know of. The cheapest loans I have got:
I invest about 10% of my credit limit in index funds and also get points every time I MS. If you value points, Credit cards effectively have a negative interest rate. Technically correct, but I'm curious: Why would anyone ever get a non-rewards card? The only advantage I see is the lower interest rate (8%) when you carry a balance. However this interest rate is higher than than the 0% that *all* credit cards provide during the grace period. In terms of investing 10% of your CL into Index funds -- have you ever gotten caught in the headlights when the stock portfolio did not grow? Do fees eat up returns when you are only putting the money in for a brief period? |
Originally Posted by uncommonsensical
(Post 23962362)
the fact that such a thread even exists is emblematic of the downward spiral of FT:
business people/road warriors-> leading edge professional types-> bow tie and Emily types-> mommypoints-> students living off MS-> unemployed living off MS-> the indigent. and this is the army of ahem... 'peers' who are out there saying and doing the wrong thing every day. think early scene in Avatar when the blue monkey is chastising Jake 'you're like like a baby. making noise. don't know what to do. stupid. ignorant like a child..' https://www.youtube.com/watch?v=h9P5L3W_oQc Edit: I do actually think it's silly to suggest people use MS instead of payday lending as the reason people do payday lending is because they're left out of the normal bank system and cycle. It's clever, but the OP has no idea how the indigent actually live. |
Originally Posted by 46sky
(Post 24676270)
I think they get low interest rates because they don't qualify for the 0% intro cards?
Originally Posted by 46sky
(Post 24676270)
In terms of investing 10% of your CL into Index funds -- have you ever gotten caught in the headlights when the stock portfolio did not grow?
Originally Posted by 46sky
(Post 24676270)
Do fees eat up returns when you are only putting the money in for a brief period?
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Originally Posted by ThisIs_MyName
(Post 24673375)
Technically correct, but I'm curious: Why would anyone ever get a non-rewards card? The only advantage I see is the lower interest rate (8%) when you carry a balance. However this interest rate is higher than than the 0% that *all* credit cards provide during the grace period.
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Originally Posted by ThisIs_MyName
(Post 24673375)
If you value points, Credit cards effectively have a negative interest rate.
Originally Posted by ThisIs_MyName
(Post 24673375)
Technically correct, but I'm curious: Why would anyone ever get a non-rewards card?
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