/biz/ - Business & Finance

>>1179004
You have 10 cards. 1000$ each

On the last date of the billing cycle, YOU need to make sure they have the money and its cleared on their side so you balance is $0 on 9 of the cards.
On just one of the cards you will leave $10-$19 on.

Most people would have you pay them all off. but the interest ends up being $2-$3 per year. Paying somebody that much for being able to access thousands more in purchasing power every year.

Just tried it the number's dead. I'd check the check the creditboard forums for a more recent Service if you're looking for authorized user accounts.

look at the regression here >>1178481 at the balances and score effect. Notice the dip at 0 balance and the peak effect at 1%

>>1030561
Its me. The Guardian of Lost Souls.

>>1010262
One of the grand secrets of being wealthy is to "never lose money" --Warren Buffett

Cash is a currency, in truth no one wants cash, they want what cash buys, if you look into the history of money, people used to trade seashells, beads, etc... fairly worthless trinkets etc.

There is only one real asset and that's time.
We are of course still burdened with the expenses of the human condition. As such we have a few things that are considered essentially pure assets.
Primary Assets are property, Rights, information, food, anything that can be exchanged with little to no state changes.

Secondary assets, have had time to be altered in some way. steel from iron ore for example.

Tertiary assets are generally final products, a full house, which is just a simple assembly of sticks, stones, glue, paper and mud.

Currency is an easily divisible medium/standard of exchange, so you can compare apples to oranges, so we don't have a Chinese alphabet exchange rate between everything. I'll trade you 5000 apples, 20 goats, 10 favors, 3 daughters, 2 valuable secrets, 100 casks of wine, 16 servants, and this pretty necklace for that house over there.

Some what of a hassle right. so we use cash which stores value.

Some time ago, inflation was invented, as a method to move currency from stocked up places. When times were tough people hoarded, and business would lock up. Inflation eats at the value of currency. they used to do it by shaving metal off coins, to make new coins.
as such by holding wealth in currency, its value is eroded over time.
The term for this is Purchasing Power Parity.
When I was a kid. I could by the Huge 1/2 pound hershey bar for $1.75. Now that is the price of a 2.6 oz, used to be 3, king size hershey bar. That money as far as the hershey bar is concerned buys me 32% of what it used to buy me. that's a compound annual inflation rate over 25 years of 1.15% that was taken to spread wealth thru the growing populace.

TastyTrade.com learn2options.
>Just yolo a stock
Nah, bro Stocks move mostly randomly, around an arbitrarily decided accounting method. On top of that there are Big Fish trying to manipulate price to make it move the way they want.
Owning a naked stock is a 100% risk position. Even with a stop order in. Options positions reduce your risk and increase your profitability. With options you control your risk. You can Risk 1 to make 100, which is unlikely but happens. Or more traditionally you Risk 1 to make 1 with Greater than 50% probability of winning. Which is an amazing Bet. Compared to stocks, which can go up down or do nothing. which means 66% of the motion is not in your favor. they only enhance your trades when you trade directionally.
Now some Warren Buffett Facts. When he's entering a position he begins by selling puts. Which gives him a cash buffer and allows him to purchase the stock for a lower price than listed. Also the market is extremely expensive right now. "You can only tell who's swimming naked, when the tide goes out". "Be greedy when others are fearful and fearful when others are greedy" Buffetisms
They are also cheaper than stock.
https://www.dough.com/stock-options-explained

https://www.tastytrade.com/tt/daily_recaps/2015-10-29

I'm recommending these guys after going to 5 trading seminars at 500 to 1500 apiece and these guys have better info for free.