Prometheus von Cornsilk (kingnixon) wrote,
Prometheus von Cornsilk
kingnixon
  • Music: wolf mother stuck in my head

so okay, finance

this is something i've thought of before, but now it just fell into my lap. capitalone randomly mailed me an offer for a balance transfer for 0% APR until 1/08, with a 3% fee. so, here is plan: transfer it all (2700$ limit) to my bank account. buy a CD that matures 1/08. pay back the card in full with the CD money before interest attacks. pocket the approx 180$ profit. now granted, less than 200 bucks after a year and a half is not going to be my retirement fund, but still.. it's a chunk of money for zero effort and zero risk. i feel like this is too simple to work, but it seems foolproof.

speaking of, i started a sharebuilder.com account last night. i am going to follow this article's advice, with some modifications. (specifically: instead of the 33/25/17/17/8 split he offers, i will go with 33/25/12.5/12.5/17 and adjust as catch can). so uhh, yay money.
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