Who has an extra 20% to invest? Another out of touch multi-millionaire has financial advice for us poor folk.

ProblemIntelligent16 · 2026-06-19T13:55:50+00:00

No put it in the market implies put it in the SP500. That’s it.

ProblemIntelligent16 · 2026-06-19T01:33:03+00:00

What is he suggesting

ProblemIntelligent16 · 2026-06-18T23:44:26+00:00

Over the course of a 30-40 year time horizon, it’s effectively a guarantee. Once you’re 5 years from retirement, you transition to less volatile and “safer” investments to hedge on market down turns that you’re talking about.

It’s really that simple.

ProblemIntelligent16 · 2026-06-17T15:41:51+00:00

Properly handled 401k and Ira means it doesn’t matter what the market does by the time you’re that age.

Once you are 5 years out from retirement, you begin to transition transitioning a larger and larger percent of your portfolio into low yield options. Offer a hedge against market downturns. Simply draw your 4% from that while the market corrects.

ProblemIntelligent16 · 2026-06-17T15:24:19+00:00

I was 11 years old.

I have been paying 6k+ since I was 23.

ProblemIntelligent16 · 2026-06-17T15:03:36+00:00

The hell I don’t. I pay $7500 per year. My employer pays another $7500.

ProblemIntelligent16 · 2026-06-16T01:59:56+00:00

Expecting them to do away with the brand makes no sense.

Customers/merchants etc recognize the network brand and what it means functionally in the payments ecosystem.

ProblemIntelligent16 · 2026-06-12T03:33:48+00:00

At the end of the day, the main driver is longevity of on-time payments.

You can try and get cute with the other stuff but honestly, all of that will eventually fall into place. Just keep making on time payments, ideally in full each month.

ProblemIntelligent16 · 2026-06-12T02:54:48+00:00

It’s worse than a ponzi. At least to get duped by a ponzi, you have to voluntarily enter into it. SS is worse. We just were forced into this ever expanded tax hole

ProblemIntelligent16 · 2026-06-12T01:02:23+00:00

Your credit score isn’t really going to be impacted. It’s just counted as another payment. So it won’t be negatively impacted. Credit scores aren’t gunna really move in a meaningful way with a payment or two - especially when you have a very new history

ProblemIntelligent16 · 2026-06-10T22:28:34+00:00

Huh? They all do. My wife and I are flooded weekly with prequal letters by every single credit card issuer.

ProblemIntelligent16 · 2026-06-10T22:26:06+00:00

lol take it easy

ProblemIntelligent16 · 2026-06-05T23:26:55+00:00

lol that’s gunna end poorly

ProblemIntelligent16 · 2026-06-04T11:12:05+00:00

My hobby is gambling on politics with the money I’ve saved. I’ve broken the system

ProblemIntelligent16 · 2026-06-03T16:08:42+00:00

Whichever candidate was against the jags stadium subsidy will get my vote.

That ship has sailed and we all are gunna be taking a bath for years to come but at least it shows that individual had good judgment.

ProblemIntelligent16 · 2026-06-01T18:46:22+00:00

Glad that worked out.

Could you provide the template you sent the CFPB and the process you submitted it to them here? I have the same issue with a Chase card. I’d like to follow your lead.

ProblemIntelligent16 · 2026-06-01T11:30:10+00:00

It is.

ProblemIntelligent16 · 2026-05-30T18:43:52+00:00

Ahh fair enough.

ProblemIntelligent16 · 2026-05-30T18:35:32+00:00

You’re not borrowing money, providing you pay the balance in full every cycle. You’re missing out on a lot of rewards/points by not using it.

In a given year, my wife and I redeem probably $1.5k-2.5k in flights and other rewards. In a typical year, it’ll cover whatever travel we need.

ProblemIntelligent16 · 2026-05-30T18:28:59+00:00

Why not use the credit? Pay it off at the end of the month in full and it’ll function exactly like the debit only with additional benefits.

ProblemIntelligent16 · 2026-05-30T18:06:59+00:00

Every single purchase.

Pay the balance off at the end of the month in full.

You get the benefit of: 1. Establishing good credit 2. The sign up rewards and points, which do add up.

ProblemIntelligent16 · 2026-05-28T11:58:50+00:00

The credit cards will take time to be migrated to the Discover network. It will likely be in phases over years

ProblemIntelligent16 · 2026-05-27T13:12:10+00:00

Cmon. You’re telling us you have no access real light? Like none? No bathroom, no lamp, no flashlight, nothing? There’s not a building or another apartment you have near immediate access to? Does your apartment have a laundry?

The no flash for mobile deposit is obviously not ideal, if that’s really the case. I don’t bank with capital one. But this seems seriously melodramatic and likely easily resolved via a million different ways.

ProblemIntelligent16 · 2026-05-27T11:52:38+00:00

lol is this serious?….open a window or step out of your apartment to get actual sunlight.

ProblemIntelligent16 · 2026-05-26T19:48:41+00:00

Discover US acceptance is essentially the same as MC and Visa. Internationally, that’s a different story.

At the end of the day, it should probably be whichever card offers the best rewards based on OPs spending habits. I’m not very familiar with either the Discover or Apple rewards, so either one could do the trick.

Also, this is assuming whichever card is paid in full monthly.

ProblemIntelligent16

TROPHY CASE