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Hunt results & new ideas

March 28th, 2006 at 04:15 am

Just a quickie follow up to the weekend. It was cold, but I did find a few yard sales. Nothing much that I wanted, I ended up spending $3 on minor tools and like new toys. Buying the stuff new would have cost around $25. The toys will be for kids when they are older. (Motto: Plan ahead!)

I have been reading up tonight on the concept of credit card bank transfer arbitrage (on the site www.fatwallet.com). Basically you use the 0% offers cards give you to have access to large amount of money to invest it (safe investments preferrably!), and then pay it off before it costs you. You keep the investment proceeds. My biggest quandry is how to get the money from the CCs, as they only want to do balance transfers. Having a CC balance sorta defeats the purpose of this. I think I know how to handle this, but I need to read more on this before I try this type of "investing".

If nothing else, its interesting reading.

1 Responses to “Hunt results & new ideas”

  1. retire@50 Says:
    1143520607

    The following two blogs frequently talk step by step on how they do the credit card arbitrage. Both are very clear but you might have to sort through some of their old entries.

    http://newagepf.blogspot.com/

    http://savvysaver.blogspot.com/

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