Archive for Investing
July 16, 2011
- What do you think about getting a 0% interest cash advance on a credit card?
alfie asked:
And using the money to buy stocks.
Generally, these cash advance offers I have been receiving are for 6 months, but I might be able to find one for one year.
February 11, 2011
- How can one use their credit cards to invest without the investment qualifying as a cash advance?
Michael P asked:
Everybody knows using a credit card at the ATM or bank will qualify the transaction as a cash advance and cash advances carry a rather high rate. However today I heard a bit on the news;how to make money off of the credit card companies rather than them making it off of you. It featured some investment guru who talked about using available balances on credit cards for investments that have a higher rate of return than the credit card carries. I have a 0% until July 2007 with plenty to invest if I decided to do this, but how would I avoid the cash advance rate if it would be regarded as cash? Are there any investments that would list the transaction as a purchase? Please help, I am confused.
October 6, 2010
- I'm thinking of taking a cash advance on my credit card to invest in stocks. Should I buy now?
Roger asked:
Things are going great in the market, every day up, up, up! And all that stimulus money from Obama.
April 14, 2010
- I need help on finding the best way to invest a cash advance?
Jimmy asked:
Here's my question. I can get $15,000 through my credit card at 0% for 6 months with only paying a 3% fee. That's $450. Is there something I could invest in that would bring me in more money than the $450 that I would have to pay to get out the money?
