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Message
Safe way to profit on 3% cash loan offer from CC?
Posted on 2/23/15 at 9:17 pm
Posted on 2/23/15 at 9:17 pm
So i've been getting a bunch of offers from my credit cards lately to borrow money at 0% APR for at least 12 months, but with a 3% transaction fee.
Might be a stupid question, but are there any relatively safe investments (bond funds, annuities maybe?) where I can just take their money for a year and earn over 3%?
Lets just ignore that effect it would have on my credit score for sake of argument.
Might be a stupid question, but are there any relatively safe investments (bond funds, annuities maybe?) where I can just take their money for a year and earn over 3%?
Lets just ignore that effect it would have on my credit score for sake of argument.
This post was edited on 2/23/15 at 9:19 pm
2
Posted on 2/23/15 at 11:04 pm to Brightside Bengal
Maybe help for a car payment for a year.
But taking 20k and putting it in stocks or bonds? Risky. Wish I knew a guaranteed 4-5% return.
But taking 20k and putting it in stocks or bonds? Risky. Wish I knew a guaranteed 4-5% return.
Posted on 2/24/15 at 8:19 am to Brightside Bengal
quote:
Might be a stupid question, but are there any relatively safe investments (bond funds, annuities maybe?) where I can just take their money for a year and earn over 3%?
Your investment horizon is the problem my friend. 3%, safe, and only a year out? Doesn't exist.
Posted on 2/24/15 at 8:51 am to slackster
Screw all these safe players, get the money and buy some large cap growth etf
Posted on 2/24/15 at 8:55 am to white perch
quote:
Screw all these safe players, get the money and buy some large cap growth etf
Go big or go home. CAK is announcing oil soon baby
Posted on 2/24/15 at 9:56 am to white perch
1. Take $12,000 loan for 3%
2. Buy 4,000 shares of UWTI
3. ???
4. Profit
Disclaimer: Don't do this.
2. Buy 4,000 shares of UWTI
3. ???
4. Profit
Disclaimer: Don't do this.
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