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July 9th, 2006
 | 01:51 pm - 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.
np: wolf mother stuck in my head
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![[User Picture]](https://l-userpic.livejournal.com/7560282/508102) | | From: |  zombeer |
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| Date: | July 11th, 2006 06:16 pm (UTC) |
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i had a cd for nine months that brought me a hefty profit of $12. i felt kinda gypped(sp?) but at least i didn't spend all that money for those nine months. haha woo profit. it seems like the only way to make lots of money with investing is to already have lots of money. | From: | (Anonymous) |
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| Date: | August 3rd, 2006 11:47 pm (UTC) |
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| | I know that picture | (Link) |
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It's from The Penalty with Lon Chaney, and you saw it with me! In Boston! With Reverend Glasseye doing the music stuff (score, I mean, it's a score).
Nice catch on my part, huh? |
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