Re: Credit Card Whoring
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No, I'm talking about getting a 0-1% interest loan on a credit card and investing the funds into a 5-6% savings account.
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Which credit cards loan at 0-1%???
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Most of them... for a limited time promo period. That's the key.
If you're really interested in this, read the FW threads someone linked above.
I started doing this recently, and in a word, 59k is generally ridiculous. After several years of building up huge credit lines, making a ton of money in your day job, and working the credit system, maybe. Few people will be able to get to that point, though. Expect a few grand tops for the first go around, and it gets better the longer you work the system and the more money you make.
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