Making big purchases, need the right card. Please help

[Anonymous]

First of all, investing (gambling) with the proceeds would result in my wife kicking my ass. Secondly, I don’t believe just a 2% cash back card is going to get me the total amount possible. I need something with an amazing sign up bonus that I can exploit.

[Anonymous]

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@Anonymous wrote:
First of all, investing (gambling) with the proceeds would result in my wife kicking my ass. Secondly, I don’t believe just a 2% cash back card is going to get me the total amount possible. I need something with an amazing sign up bonus that I can exploit.

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Careful with the idea of cancelling the card right after getting the bonus. American Express has terms to claw back bonuses if you cancel within one year. I am not sure about chase. Maybe look into the BofA Premium Rewards. If you have that 50k in savings you can get 2.25% on all purchases. If you have 100k total you can get 2.65% on every purchase. You also get a 50k($500) sign up bonus.

[Anonymous]

If you are buying stuff for the house Lowe's has 5% off if you use their card and pif  

[jamie123]

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@Anonymous wrote:
First of all, investing (gambling) with the proceeds would result in my wife kicking my ass. Secondly, I don’t believe just a 2% cash back card is going to get me the total amount possible. I need something with an amazing sign up bonus that I can exploit.

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Smart investing is not gambling. This is a great misconception and is what bankers and financial advisors would like everyone to believe so that they can keep stealing your money. In gambling, the house has the odds so they always win. With stock market INVESTING you can do due diligence on the companies that you plan on investing in so the odds then become in your favor. Sure there is risk but as long as you plan on investing long term (at least 6 months) the chances of you coming out ahead work to your advantage.

AMD (Advanced Micro Devices) - I have been invested in AMD stock since the summer of 2016 when the price per share was $5.54. The closing price of each share today was $16.56. This is a total gain of 299% in less than 2 years. How long would it take for you to see those gains where you have your money invested? If the stock market should have the biggest crash in history tomorrow and drop 50% I will be crying in my beer because my gains will have only been 150% for the past 2 years.

ENPH (Enphase Energy) - I have been invested in ENPH stock since the end of February 2018 when I bought shares for $2.90. The closing price today was $7.02. This is a bit more risky investment but the extra risk has been worth it so far IMHO. I have made 242% profit on my money since the end of February. The closing price of ENPH on 7/17/2017 (One year ago) was $.86 price per share versus $7.02 today. That is a rise in price of 812% in one year.

Believe me...The risks can be great, but so are the rewards.

The only reason that I'm suggesting these 2 stocks is because I'm personally invested in them and have done my due diligence. I plan to still be invested in both these stocks 12 months (And probably much longer.) from now so feel confident in even giving out this advice. I have spent many, many hours researching these companies and know just about everything that there is to know about them.

There you have it...I put it in writing...

Stop back to this post and check out how my advice (Invest $25K in each stock) would have turned out in the next year.

Today's closing price for these 2 stocks:

AMD = $16.56 on 7/12/2018

ENPH = $7.02 on 7/12/2018

Good luck!

[Anonymous]

If only it were that simple... there's no such thing as a perpetual money machine.  And even if it existed; human nature would ensure it wouldn't be given away for free.

[Anonymous]

Check AmEx, received offer the other day for AmEx PRG, Spend 2k and receive 50k MR points within 90 days, and first annual fee waived. There’s a current offer via AmEx offers which was 1 extra MR point for BestBuy and Lowes online orders, you could probably find some appliances (Best Buy/Pac Sales) and Home Improvement items at Lowes, essentially making it 50k points + 2X points for BB and Lowes + waived annual fee. Check for pre-qualified offers on AmEx site. Good luck and congrats!

[coldfusion]

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@Anonymous wrote:

If only it were that simple... there's no such thing as a perpetual money machine. 

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Well, a taxing authority (legal right to levy and collect taxes) comes pretty close.  

[jamie123]

ONE YEAR UPDATE!

Farther up this thread, and exactly one year ago today, I gave some stock market investing advice and I'm back to update on how you would have fared if you had taken my advice. Investing in the stock market is not gambling as long as you do your due diligence and stick with buying stock of good companies that you have researched as best as you can.

The people that are on these forums have great analytical skills and would do really well in picking apart companies to find good companies that are on an upswing. It can be risky but you need to invest for the long term to get the best results IMHO. Never buy a stock unless you are willing to hold onto it for at least 90 days at the very shortest and more likely at least 1 year or more.

Well...Let's see how our returns look exactly one year later.

7/12/18 - bought 1,509 shares of AMD @ $16.56 per share = $25,000 invested

7/12/19 - your 1,509 shares of AMD are worth $33.21 per share = $50,113 investment

That ladies and gentlemen is almost exactly 100% return on your money in one year. Not bad IMHO.

But wait...I also recommended another stock...ENPH.

7/12/18 - bought 3,561 shares of ENPH @ $7.02 per share = $25,000 invested

7/12/19 - your 3,561 shares of ENPH are worth $19.67 per share = $70,044 investment

That ladies and gentlemen is 180% return on your money in one year. Now that is a great return on your money!

So to summarize, you invested $50,000. You bought $25,000 worth of shares each in 2 companies. One year later your $50,000 investment is worth $120,000. Time to take the wife on that Hawaiian vacation that she's always wanted.

Don't fall for the brainwashing of the investment/banking community that says you can't make money in the stock market without their help. They want you to think it is gambling but to do it right, it is a lot of work. (And sure a bit of luck too.) I personally have spent hundreds of hours investigating and following these 2 companies. I didn't just throw darts at a stock chart. And I only buy stocks and sell stocks. Don't fall for the investment/banking community's advice and buy puts, sell calls or get involved with options. That is gambling IMHO.

If you would have followed my advice a year ago and held those stocks for an entire year, on Monday you could sell those stocks and they would be considered long term capital gains. You would pay 15% tax on your gains. If you sell stocks before a year is up, they are considered short term capital gains. You would add the gains from the sale of your stocks to your income and pay whatever income tax percentage your tax bracket falls on. So yeah...Better to keep them for a year or more if possible.

Good luck!