Considering I didn't foolishly blow through all of the money, what are some good ways to invest? I've always considered that, but never got above casino gambling.
djrez4 wrote:Maybe. Money is never better spent paying interest. If the interest rate on the loan is lower than what you can earn by investing the money, invest and pay off the loan as it comes due.
So you're saying, instead of paying the loan off, pay it down to less than 30% of its balance, which is a commonly desired utilization ratio for credit cards? That sounds good for large balances, but it would seem the smaller balances that have been hanging around for a while are best paid in full to show the successful pay-off of an account.
djrez4 wrote:Oddly enough, what may look better than paying off the accounts, though, is paying them down to what would count as a low utilization on a credit card. I've been dinged for having balances too high in relation to available credit for my student loans, car loan, and mortgage. It only came up because there was nothing else they could really complain about, but it is something they look at.
I did try to get a CLI for my AMEX BCE and they noted my leaving balances on the card. I recently paid off my $1300 (0%) balance, made another purchase for a few hundred dollars, then paid it off the next day. I think this should be good enough prep for asking for another CLI. I'm just not sure how much to ask for. 3x seems a little high...
djrez4 wrote:With Chase, yes. They tend to give higher limits on new cards rather than CLIs. Other companies work differently. You say you have an Amex BCE - have you tried the 3x CLI on that yet? Soft pull and high potential gain.
I've compared Vitamix and Blendtec, and still prefer Vitamix. I'll likely get the 750 Pro version. I also like Vita's separate jar for making flour and kneading dough, as well. Blendtec looks more modern and has great designs, but Vita is more stable and makes smoothies with no air.
djrez4 wrote:Pssh. Get a Blendtec.