Author Topic: Savings/investments/bonds Master Thread.  (Read 179391 times)

Offline sam2015

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Re: Savings/investments/bonds Master Thread.
« Reply #600 on: March 03, 2023, 10:34:06 AM »
I’m not sure this belongs here but I’ll ask it anyways. If I have a 20k purchase to make over the next few months, does it make sense to open a new credit card with 0% APR while buying a 1 year treasury with that 20k I would have used to pay it off? I will be earning upwards of 5% on that cash. Yes, I know my credit score may drop significantly, but it would only be temporary or I can open a business card instead.

Offline CountValentine

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Re: Savings/investments/bonds Master Thread.
« Reply #601 on: March 03, 2023, 10:41:44 AM »
I am doing that now with the Chase Ink business cards. You can open more than one for the SUB.
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Re: Savings/investments/bonds Master Thread.
« Reply #602 on: March 03, 2023, 10:47:17 AM »
I’m not sure this belongs here but I’ll ask it anyways. If I have a 20k purchase to make over the next few months, does it make sense to open a new credit card with 0% APR while buying a 1 year treasury with that 20k I would have used to pay it off? I will be earning upwards of 5% on that cash. Yes, I know my credit score may drop significantly, but it would only be temporary or I can open a business card instead.

How do you plan on converting the 0% APR into investable cash?
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Offline sam2015

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Re: Savings/investments/bonds Master Thread.
« Reply #603 on: March 03, 2023, 10:50:06 AM »
How do you plan on converting the 0% APR into investable cash?

By not paying the credit card for my purchases = more cash in my account

Offline drosenberg88429

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Re: Savings/investments/bonds Master Thread.
« Reply #604 on: March 03, 2023, 10:50:31 AM »
How do you plan on converting the 0% APR into investable cash?

Take the money he would've used to pay off the CC bill and use it to buy T notes.

Offline CountValentine

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Re: Savings/investments/bonds Master Thread.
« Reply #605 on: March 03, 2023, 10:51:42 AM »
How do you plan on converting the 0% APR into investable cash?
On Ink I charge 6k to get SUB. I pay the minimum each month and the rest (that I would pay off the balance) in T-bills. Not much but even low hanging fruit tastes good.
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Offline incendia

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Re: Savings/investments/bonds Master Thread.
« Reply #606 on: March 03, 2023, 10:53:54 AM »
My apologies, I chose Fidelity because they have a bigger bonus (for under 25k)

Transfer your whole account and get both bonuses

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Re: Savings/investments/bonds Master Thread.
« Reply #607 on: March 03, 2023, 10:55:25 AM »
...use it to buy T notes.
T-bills - 1 year or less
T-Notes - 2 to 10 years
T-Bonds - 20/30 years
Think I have that right.  :)
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Re: Savings/investments/bonds Master Thread.
« Reply #608 on: March 03, 2023, 10:56:20 AM »
Transfer your whole account and get both bonuses
Probably need to keep the funds for x amount of days in the account.
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Offline incendia

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Re: Savings/investments/bonds Master Thread.
« Reply #609 on: March 03, 2023, 10:58:38 AM »
I’m not sure this belongs here but I’ll ask it anyways. If I have a 20k purchase to make over the next few months, does it make sense to open a new credit card with 0% APR while buying a 1 year treasury with that 20k I would have used to pay it off? I will be earning upwards of 5% on that cash. Yes, I know my credit score may drop significantly, but it would only be temporary or I can open a business card instead.

This was the beginning of churning and MS, even before points.

Offline CountValentine

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Re: Savings/investments/bonds Master Thread.
« Reply #610 on: March 03, 2023, 11:02:11 AM »
This was the beginning of churning and MS, even before points.
Close but probably the 5x-7.5x cards started it.
It was nice. Had about 2k/mo interest from 0% NBTF offers.
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Offline drosenberg88429

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Re: Savings/investments/bonds Master Thread.
« Reply #611 on: March 03, 2023, 11:02:22 AM »
This was the beginning of churning and MS, even before points.

Lol, yup. Great call. Bonuses were lower, but interest rates were higher than 5% then (and banks would give out large credit lines pretty easily).

Offline sam2015

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Re: Savings/investments/bonds Master Thread.
« Reply #612 on: March 03, 2023, 11:02:43 AM »
This was the beginning of churning and MS, even before points.

Interest rates are now the highest since 2007 so it is starting to make sense again.

Offline CountValentine

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Re: Savings/investments/bonds Master Thread.
« Reply #613 on: March 03, 2023, 11:07:01 AM »
Interest rates are now the highest since 2007 so it is starting to make sense again.
Actually it is free money even at lower interest rates. The problem is the 0% NBTF are not what they use to be.
Also, many got in big trouble because they did not have the funds to pay off the balance when 0% ran out.
Only on DDF does 24/6 mean 24/5/half/half
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Re: Savings/investments/bonds Master Thread.
« Reply #614 on: March 03, 2023, 12:28:44 PM »
Actually it is free money even at lower interest rates. The problem is the 0% NBTF are not what they use to be.
Also, many got in big trouble because they did not have the funds to pay off the balance when 0% ran out.

Talking about free money, anyone doing Fidelity Bloom?

The $50 SUB might be gone but still giving away free money in various ways. Also, while minors aren't eligible for Fidelity Bloom, IINM Fidelity gives $80 SUB for opening an account for a minor.
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Offline CountValentine

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Re: Savings/investments/bonds Master Thread.
« Reply #615 on: March 03, 2023, 12:32:02 PM »
Talking about free money, anyone doing Fidelity Bloom?
Interesting. 10% match on first 300. The $50 SUB is still there. Wonder if you get both?
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Re: Savings/investments/bonds Master Thread.
« Reply #616 on: March 03, 2023, 12:41:34 PM »
Interesting. 10% match on first 300. The $50 SUB is still there. Wonder if you get both?

My family members got both for the accounts that qualified. (It was basically free $86 just for moving $300 into Fidelity Bloom Save, and clicking on some activities on the Bloom app).

Unfortunately for my own account (unlike other family members) I made the mistake of funding it from an existing Fidelity account, so I missed the SUB. But I did get other free money, such as $1 per $10 charge on the debit card (now it's down to $0.10, but you get that amount also on a $0.50 Amazon reload). And still giving 5% match on savings beyond the first $300 (and both Spend and Save accounts aren't 0% checking accounts, but rather Money Market funds, and while not the highest yielding, 4.2% on a spending account is nothing to sneeze at).
I've been waiting over 5 years with bated breath for someone to say that!
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Offline CountValentine

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Re: Savings/investments/bonds Master Thread.
« Reply #617 on: March 03, 2023, 02:06:29 PM »
Only on DDF does 24/6 mean 24/5/half/half
Simone Biles: “I love my black job”

Offline CountValentine

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Re: Savings/investments/bonds Master Thread.
« Reply #618 on: March 06, 2023, 11:48:52 AM »
26-week T-bill 5.18% for today's auction.
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Offline Yo ssi

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Re: Savings/investments/bonds Master Thread.
« Reply #619 on: March 06, 2023, 12:56:39 PM »
26-week T-bill 5.18% for today's auction.
Where is it shown?

The price was $97.4874, is there an easy way to calculate?
« Last Edit: March 06, 2023, 12:59:56 PM by Yo ssi »
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