Great job! As you scale up, you can keep on growing and expanding. I opened a RH account...1% bonus for all $$ invested so you could get almost $300 for switching (they pay it over 24 mo, which is sort of a bummer). They also pay the switch fee I think...usually $75. 6.25% margin int.
Margin rate may be lower with RH but you should also consider the margin requirements. if the requirements are higher than Fidelity then that will suck up your available funds. may be ok with what you are investing in but just something to also consider, i feel like fidelity has fairly low margin requirements.
Why not get to 0% interest credit cards maybe you got 12 months or 18 months 0% interest so the money is free and just put it back on the card before the 18 months is up why pay any interest at all You're chasing your tail maybe you didn't think about that I do the same thing I use 0% cards I take the money off the card and put it back in before the due date of the 0% interest expiring and I keep the profits
What method do you use to liquidate the credit cards? Also are you getting pretty good credit limits? I have my chase freedom for $4k 0% balance transfer until may 2025. I took as much as I could so far which is about $1300 did a balance transfer on it and having trouble finding ways to liquidate the rest of the cards to balance transfer.
Great job! As you scale up, you can keep on growing and expanding. I opened a RH account...1% bonus for all $$ invested so you could get almost $300 for switching (they pay it over 24 mo, which is sort of a bummer). They also pay the switch fee I think...usually $75. 6.25% margin int.
Hey Scott! Thanks for the personal loan update.
I switched my margin account to RH from fidelity. If you have RH gold the 1st $1000 is interest free. 6.5% after that $1000.
Call fidelity active trader line like them know that your considering leaving they will cut your rate or lower it
Margin rate may be lower with RH but you should also consider the margin requirements. if the requirements are higher than Fidelity then that will suck up your available funds. may be ok with what you are investing in but just something to also consider, i feel like fidelity has fairly low margin requirements.
Enjoy your updates
@@Dollar_Don Thanks for watching! ⚡️
Why not get to 0% interest credit cards maybe you got 12 months or 18 months 0% interest so the money is free and just put it back on the card before the 18 months is up why pay any interest at all You're chasing your tail maybe you didn't think about that I do the same thing I use 0% cards I take the money off the card and put it back in before the due date of the 0% interest expiring and I keep the profits
What method do you use to liquidate the credit cards? Also are you getting pretty good credit limits? I have my chase freedom for $4k 0% balance transfer until may 2025. I took as much as I could so far which is about $1300 did a balance transfer on it and having trouble finding ways to liquidate the rest of the cards to balance transfer.