🦾 Ep 88 - Costco Gold, Debit Loops, Burner Lines, Vanguard vs ChatGPT, RH Margin vs HELOCs, Dyson V9 Deal

Catching up on a busy couple weeks of churns. From shutdowns to gold to margin and early black friday deals, this episode has a bit of everything.

Warning: this episode contains only churns 🚂😂

Listen to this episode on Spotify | Apple | Web

Stuff I mentioned in the episode...

🧈 Churning News

• WSJ: A Fight Over Credit Scores Turns Into All-Out War - wsj | removepaywalls
• WSJ: Using Premium Credit-Card Rewards Is Becoming a Part-Time Job 😂 - wsj | removepaywalls
• Synchrony shutdowns 🪦🥃 - meab
• Vacasa ends Wyndham partnership 💀🥃 - frequentmiler
• Churner Wordle - chasingcetaceans

💳 Credit (and Debit) Cards

• United Debit Card 10K for $500 spend + 1 mile per $2 - DoC
• Southwest Debit Card: 1 mile per $2, counts towards Companion Pass - DoC
• Hyatt Business Card: 60K for $5K + 5EQN every $10K - referral
• ⏰ Ends 11/13: Chase Ink Cash & Unlimited 90K for $6K spend + 0% APR for 12 months - DoC | referral

🌭 Costco Gold

• All The Hacks interview with Trey (founder of Pure) - allthehacks
• Marketplace to buy/sell gold - collectpure

🏠 HELOC vs Margin

• Current Prime Rate: 7% - commercebank
• Interactive Brokers Margin - rates
  • <$100K: 5.37%
  • $100K - $1mil: 4.87%
• RobinHood Margin - rates
  • <$50K: 5.25%
  • $100K - $1mil: 4.75%
• 🧠 Why margin?
  • MEAB: Velocity of Money - pt 1 | pt 2
  • Alright, already, we’ll all float on - Chasing Cetaceans

📉 Vanguard Financial Advisor

• Fee: $30 per $10K (0.3%), minimum $500K - vanguard
• 🎙️🐮 Glidepath Investment Strategy - Episode 62

📱 Cellphones

• Helium Burner Phone Plan: 100 min, 300 text, 3GB - slickdeals

🤑 Discounts & Freebies

• New Dyson V9 for $269.99 - slickdeals
  • Stack with $200 Citi Strata Elite splurge credit at Best Buy + 13.5% Capital 1 Shopping Cashback