| Название | : | My Plan To CASH OUT $100,000 in Credit Cards To Buy The Stock Market Dip |
| Продолжительность | : | 11.02 |
| Дата публикации | : | |
| Просмотров | : | 34 rb |
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BEWARE OF SCAMMERS IMPERSONATING ME IN THE COMMENTS SECTION I DON’T HAVE A WHATSAPP ACCOUNT! I WILL NEVER ASK YOU TO CONTACT ME BY PHONE OR WHATSAPP! Comment from : Richard Fain |
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The only one of these stocks (didn't check the Vangaurd ETFs) that went up since July 2022 is Wells Fargo and only up by a few points as of today The rest (Tesla and Bank of America) are down from July 2022 Tesla probably will not be a long term company because the energy density of batteries just isn't enough, barring an invention, the fad will pass and people will want to go back to being able to drive long distances Banks right now are not a good investment What are good investments are things that people can't do without, like Microsoft and food and farming land and oil Comment from : Ventura IT |
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Brilliant idea I never heard about it but i think i will try Comment from : Grzesiek Szewczuk |
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Risky!!!! I love it!!!! Comment from : Minotauro Trading |
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Did he go over in another video when and how he decided to enter the market? When to catch the bottom? Watching this a year later Comment from : oeckstei |
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His bets did not pan out haha I am glad he had cash reserves Comment from : sbrown80 |
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How did this work out for you? Seems risky! Why not just use your reserves to begin with? Comment from : Z S |
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Hope no one took this advice during 2022 RIP Comment from : David Lim |
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Oof these investments now ain’t looking so good Praying for the best Comment from : Fúnez |
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Bro I know I’m late to the video, but if you’re still doing this please stop There is so much wrong with this plan You’re bleeding money, if you haven’t already noticed Comment from : Wade Grillo |
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U good get it Comment from : Tyza Harper |
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Of course, VGT could tank for 18 months Comment from : Tom Le |
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How did you get cash from the credit cards? Comment from : Raymond Hooks |
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So you mean to tell me that you can use the cash on the credit card not paid nothing for 18 months how is that possible when you When you have to still make a minimum payment each month Even if You have a introduction of no Interest payment Comment from : kim jenkins |
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I used my cash back/ points redemption to buy stock from everyday types of purchases like groceries, gas, bills Comment from : Ace ortiz |
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wouldn't this kill your credit score? Comment from : kuladoma3 |
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Done right could work well Comment from : AwakendByTheGospel |
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Yo finally this carbanacfix🎨com showed me all the love now I own a truck and can provide and also can put foods on table for my family you shelter me and my family may god please be with you sir Comment from : Christopher Fasho |
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For a returning NRI seeking a peaceful retired life and inbrneed of advice on investment, tax planning, tax filing andbrorganizing financial affairs, Carbanacfixcom proved to be right link They provide me with good advice and thus peace of mind Comment from : Brianna Ames |
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I found him helping almost my neighbors so I asked how they WENT about it so I just invested 311 bucks and get back 1767 kudos to carbanacfix🦚com Comment from : Carl Kenner |
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OMG that is so scary to me Comment from : Carlos Ortiz |
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If you're using det to Invest Dose that mean you can take short term profitsbrThat's not taxed Comment from : Caleb Gibbs Avenue |
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Love it man Comment from : Julian |
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Thank you, GREAT BREAKDOWN!!! Comment from : Alphanso England |
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Great 👍🏾 a man of class big supporter from the uk Comment from : A |
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What about Google stock split? Comment from : Orlando Taylor |
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It’s a give and take chance Comment from : Thompson Takeover |
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Download Webull and made my first deposit Have not received any stocks Whats the time frame? Comment from : Horace Fauntleroy |
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Thanks for the knowledge A lot of people are hating on this idea but I appreciate the tool and like you said it’s very risky and not for most people At the same time the haters are saying it’s too risky and not for everybody As if you didn’t cover that part lol keep up the good work brother Comment from : lilleep |
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You are totally appreciated Know that! Comment from : KAMI |
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What concerns me about this Richard is that tons of your subscribers will try this who have NO cash reserves in order to make a quick killingI see disaster ahead! Comment from : Darlene Paul |
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This is a very dangerous strategyAll your videos till now have made sense Not only may you hurt yourself but you may really hurt the finances of others! Comment from : Darlene Paul |
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This is not a good idea People are not good with credit cards In the pursuit of making quick money people might lose what they have Comment from : Marc R |
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Do you pay the minimum on the credit card bill each month when you do this or pay more? Comment from : Jason Kaufman |
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this sounds like a bad idea Comment from : Ravner |
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I drove my first car in my dad's name and later went to get a truck in mine after I paid off my first one and drove off the lot with the truck I wanted, its mostly about a good credit score and a loan portfolio helps as welllenders like to see various forms of loans in your name to be less of a risk and yes you might have to put money down but not HALF of the car loan Your exactly right I screwed my credit as a young man now I own a detailing company and can't get anything with out the full amount of cash I'm working on my credit to get better with bUNIVERSALCREDITSOLUTIONS🎡TECH/b , Love the knowledge keep it up Comment from : Carl Pod |
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So is this only for personal cc you can't do this with business CC's Comment from : Rajaye Smith |
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Great video Comment from : Flack G Beats |
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why not just use a margin loan usually has lower fees than credit cards? Comment from : Aaron Jones |
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How can you be certain the dip will rise? Comment from : hipchecker 20 |
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100 k in stocks market is a big risk Maybe investment property be a better option Comment from : Pal Davi |
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Worst idea ever Comment from : Micah Berg |
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It’s good advice, I just don’t like betting on stocks for 18 months lol For be I just usually get a multi family building that looks not so good make it better , the Raise rents and refi the banks money back out of the deal It is cool that u can do that direct deposit transfer tho never new that and I’m into credit cards lol god bless you and hope you keep killin it Comment from : 2nd Amendment |
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Is there a percentage you look for before you sell your stocks or are you just holding the 18 months regardless? I'm already doing this method up about 9 still have about 8 months left and wondering is it exit time? Comment from : EviL MagicLord |
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My man idkw u decided to share this type of stuff but I am so grateful I finally found somebody like you to give information out like this God bless your life and please keep putting out this great content Comment from : SOWWHAT LXXXVII |
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Of all the things you've discussed, this seems like the riskiest You need some serious intell to get this right! Comment from : Rationalthought83 |
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This is a terrible idea Always bad to gamble on credit This is how people end up losing their homes and repo their cars I would not recommend it I wouldn't use your cash reserves either Thats for emergencies not for gambling on stocks A bad stock market crash could take many years to recover Comment from : Brent |
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Great strategy if you have reserves to cover your bet ! Comment from : Just “J” |
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Just reading a few comments that warn “this is horrible advice”and “shame on you, this is stupid ” blah blah…it’s people like those I warn my children about and try to keep them from sharing your mindset I can tell you just read the title and came to crucify him This is great advice! He said he has the “money set aside to pay the cards back” if he’s caught in a jam He’s smart and just leveraging credit Wealthy advice! Comment from : marcus |
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Another great video Comment from : David Hugo |
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Hi Richard, I tried this with my BOA Credit Card, and it worked They offered me a promo rate for 18 months against my credit line BOA called it a Direct Deposit Cash Advance promotional offer I gave them my checking's account number and routing number online After I checked the agreement, I pressed enter and I received an email stating the money would be deposited in my account in 1-3 days It was so easy and thank you for your wise knowledge!! Comment from : S1 |
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Why even use credit cards if you have the cash? Why not just use your cash? Comment from : Big B |
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This makes zero sense especially if you already have cash like you supposedly say you do Nobody should take this advice Comment from : Emmanuel |
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I'm using my life savings to buy lottery tickets, Comment from : John Jaco |
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What would the numbers look like with let’s say 15 return after capital gains tax Comment from : RadiantBabyShaq |
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Hi, do you have to pay taxes on that loan that you get or only the money you make as a profit? Comment from : Emperum/Rubrum |
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Richard forgot the part about the stock market CRASHING and you losing all your money for a prolonged period of time! So now you can't make the minimum payment on the credit card and you accumulate late fees while your wait potentially years for the market to recover! LMAO This is the most RIDICLOUS suggestion I've every heard! Take your credit card money and play the stock market with it! LMAO I've lost the little respect I had for this guys "financial advice"! :D Comment from : PolitiKings |
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It’s a good idea Richard Which credit card do you prefer for this strategy? Is there any credit card that has low transfer fees to maximize this strategy and low cash advance APR? I notice a lot of cards have 0 APR into rates on purchase but high APR on cash advances so I’m not sure if any card actually is worth using this strategy Comment from : J G |
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Cash or margin account when opening Webull? Comment from : T Tuncel |
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Capital gains? Comment from : Sgt Mac |
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If you don’t have high income and high savings don’t do this Invest your own money Don’t want to buy a stock that you think will go up and it doesn’t Index funds are safer but I mean we can fall more Richard can take this risk most people can’t Richard is awesome 😎 guy though just extra risky Comment from : GameboyTommy |
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I'm a novice but my question would be, once I make back what I took out of my credit card accounts do I sell the stocks to use the profits to pay back the credit cards? Comment from : Michael Johnson |
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I like the idea and I'm on my to using this process but if I had 100k I would just use my own money and not have to pay the bank 4 that's money lost Comment from : legit bee |
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we bull only offering stocks worthed $3-$300 Comment from : RAP STAR SEVEN |
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You forgot to mention you only make a profit after your $2000 fee Comment from : William Clermont |
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How do you take credit limits and covert them to cash? Comment from : deanb555 |
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The notion that it's the best strategy for an investor to use other people's money doesn't make sense to me The reason being is because when you use so called OPM, all you're really doing is borrowing or leveraging your risk If the market suddenly tanks you will be totally wiped out because you now have nothing to repay the lender Comment from : william jenkins |
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I've seen a lot of ideas i thought were horrible ideas and refrained from saying anything This is by far the worst idea I've EVER seen This is a one way trip to the poor house BEAR MARKETS EVENTUALLY ALWAYS COME Comment from : Stockaholics |
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Do you tell the bank your getting the credit specifically for investing Comment from : Raymond Alexander Wilson |
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Yes smart way of doing ithave been doing that especially this timeA girl has to do what girl has to do!! Go my friend!!!! Comment from : Laury Jerry |
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How has this effected your credit scores in the past? Comment from : RahDaMost Prime |
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Hello! Is it just as effective to use cc arbitrage for any amount (specifically, much less that the amount you will use)? Comment from : Lipoaloha |
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Interesting content But, I wish you mentioned more about how you handle that high credit utilization problem and it damaging your overall credit score with a balance that high for so long Keep the videos coming Comment from : Dorsey Hip-Hop Jewels |
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I watch a lot of YouTube videos This particular one has to be one of the worst To promote people to use credit card (leverage) to buy stocks is totally irresponsible Sure, it might work for you…but there are plenty of people that don’t have the discipline/self control to properly invest cash advance funds Comment from : R w |
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Richard didn’t mention (most) banks have interest rates (24 at Chase) for any direct deposit transfers So much for that idea… ☹️ Comment from : Anthony Wiktor |
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Buy etherium Comment from : Zay King |
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This is smart! Comment from : Kashara Spivey |
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What is APR on that? Must be pretty highbrGood luck with that Comment from : toast toasted |
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Borrowing money to buy stock? Risky Assuming that your stocks and ETFs go up, you'll do well But if they go down??? No one can predict the stock market over the short term, and 18 months is short term The market can remain irrational longer than you can remain solvent Comment from : Scott Mac-Cheese Rae |
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Thank you for continuing to share your expertise in the money game I wish I had met you when I was in my thirties I wasted a great deal of cash on things that didn't return any value Now I'm in my fifties I am still trying to recover some of my losses thanks to you and thanks to JUNKYWARRIORS🌕COM for help in recovering most funds Comment from : Ralph TECHCLERIFY ON IG |
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Making mistakes in the stock market is called paying tuition Comment from : Investing with Eddie |
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Too much risk Comment from : Brandon Chewning |
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And this is one reason why the “Great Depression” happened Comment from : maxguldin |
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I feel like ppl comment just to say something Rich clearly states this is risky and that you need cash reserves Why are ppl stating that as if he never mentioned it This strategy isn't for everyone but plenty of us know how to handle OPM strategically Comment from : Dr Mel |
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Dangerous game! Not for the fain of heart Comment from : ROCA09 |
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Great video!! Thanks for sharing!!! Is this a cash advance??? I have to call my bank and tell them a direct deposit transfer? Comment from : D j |
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This is very bad advice for so many people, if you have to invest work extra hours and invest Not borrowing money from the credit card company Comment from : Omar Zaki |
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Using credit cards to buy the "dip" is horrible advice! You don't know if the stock market is going to go back up in the near term You are going to cause folks who are following you to loose a lot of money All I can do is pray that no one follows the advice in this video Comment from : mathdoctor770 |
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this is not a technique brthe is financial suicide lol o Comment from : Maurice C Jones |
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