An interesting post at Dogberry Patch on using 0% credit card balance transfer offers to make easy money. The idea is based off a post at FatWallet.com. The gist of it is borrowing a certain amount of money on credit cards that offer sign up bonuses and 12 month (or more) interest free payback offers. Lets say you run up $100,000 worth of credit card loans. Well, if you just put that in a high interest savings account like ING or Citibank you can make ~$5000 in a year with no risk. Simply withdraw and repay the credit cards before the 12 months. And there are many ways to get additional rebates and loans too. Sounds like an interesting idea – the biggest worry being the impact on your credit score.
Source: Dogberry Patch
I have started loaning money at prosper.com recently, trying to increase my personal returns on relatively safe investments. I have stuck to A and AA credit ratings (prosper.com ratings), but it’s always good to know what rates individual loans with specific credit ratings and debt/income ratios have been executed at. Historical data will help you better predict what interest rate you need to bid in order to win the loan. Now rateladder.com has a Loan Rate Analyzer to help you do just that.
Source: Lazy Man and Money
I recently came across PFBlogs.org, a website that aggregates many different personal finance blogs. Not only does it provide a lot of good information, but it gives me a list of personal finance blogs that I can additionally explore.
I recent read a good series of posts from PFBlog entitled Reengineering my Portfolio Management. It’s a six part series where the writer explains what he has done wrong, and defines his new approach to managing his portfolio of investments. He shares some good insight and explanations, and may have a good tip or two in your own investment approach.
From PFBlog