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One of the things I do is use interest free credit cards to pay for my usual expenses such as food and fuel. That frees up cash. I then use that cash to invest
by aronpye 6y ago
One of the things I do is use interest free credit cards to pay for my usual expenses such as food and fuel. That frees up cash. I then use that cash to invest in ETFs. When the interest free period on the credit card expires I either sell the ETFs to pay it off or use an interest free balance transfer card to carry the debt. In that case, as long as the transfer fee is below your rate of return + inflation you profit.
- aronpye 6y agoYou then pocket the net return on investment from the ETFs. The risk mitigation is that the interest free period is usually over 2 years, enough time for a stock market recovery should a downturn happen and you fail to time to market and sell on a high.