Gamecock-YT

75% reward bonus on BofA cash/travel rewards credit card purchases if you are in the top tier (100k+ Assets). I’d much rather have chase points, however. they also have some token items like high interest rate on savings, free ATM withdrawals, discounts on loans, and a free safe deposit box. https://www.bankofamerica.com/preferred-rewards/

I would just make the distinction that those equity pickups would impact the carry value, not the cost. Might just be a matter of semantics. Any returns of capital would be lowering your cost basis. You are correct that the company making the distribution makes the distinction between return of/return on. Most of the time when I've had special dividend/distributions it is usually treated as a return of capital barring the cost basis being $0, in which case it is treated as a capital gain. Might be a good question for their IR team to answer, they should have the answer handy.

It's been a little while since I was dealing with this on a daily basis so I'm a little rusty but I think it would still lower the carry value.

Taxable event vs. nontaxable event

I think it would be treated as a return of capital

Yeah for personal cards 5/24 applies (5 personal cards the past 24 months on your credit report). So like you said, everybody hits the business cards which don't apply for 5/24. Two of the chase ink's don't have annual fees and had been doing like 50k/5k spend. the Ink Preferred was like 75k/6k. Used to be your were limited by Tax IDs so only 1 per social security number/EIN. But now seems like you can apply for as many business cards as you want just using a SS# and being a sole proprietor. Since the pandemic they've gradually reduced the strictness of business card approvals but the spend required has gone up along with the bonuses available. DoctorofCredit is usually a good place to see what are the good cards to get... https://www.doctorofcredit.com/best-current-credit-card-sign-bonuses/ I've got a war chest of points to use once things get more back to normal. The bad thing in this game is that the airlines/hotels are constantly devaluing the value of points either through increasing the amount of points for redemption or cutting out partners where you points are better value.

I'm a churner so any given month I'm cycling through new cards I'm getting and hitting the spending challenge on. I keep a chase sapphire reserve and a BofA card that I've had the longest to keep the credit history part of my credit score high. Looking now I have a World of Hyatt card and a hilton aspire card also in the wallet. My desk drawer has 12 cards that are in various state of cancelled or still open and I have to wait for the annual fee to post before cancelling (the credit card companies don't like you cancelling right after you get the bonus). So just have to wait it out.

Hits on some of the topics that they discussed on the investor day presentation but nice to have someone asking questions to expand on some topics.

Alaska Air is probably the best use of bonvoy points besides the vacation package. US to Australia or vice versa on Qantas in first class is 70k, business 55k. 2nd best is US to Asia or vice versa on Cathay 70k for first and 50k for business. also you can book a free stopover. So could do DFW-SYD have a couple days there then fly SYD-PER on the same ticket. Some really good resource online if you search for best way to use Alaska air miles and how to do the stopover.

Back in the day you could transfer Starwood points to airlines and get a bonus if transferring a certain amount. Flew first class on Cathay and Qantas that way. These days I stay the hell away from bonvoy points. They keep diluting them to hell. Cash them out while you can get something of value for them. Stick to the bank cards so you have the option of transferring them to multiple airlines/hotels.

I'd start with all of buffett's letters in chronological order starting with the partnership, chapter 8 of intelligent investor (Mr. Market), read the magic formula book by Greenblatt, and then switch to Terry Smith's letters. That'd be a quality foundation.

I did somewhat expect a dividend hike given the other big miners had increases, sounds like they are reviewing their capital planning this quarter and have an update for next quarter.

If you can find a library that has access, just do a search for library cards for the location in question. Lots of places display card numbers as examples for what the cards look like.

As a thought exercise, what would we need to see for this to be a late inning housing bubble? I admit I'm not a housing expert, by any means. (Generation Rent, baby!) I would guess either an increase in supply that puts the stock of houses for sale back to a more 'normal' level. Or a decrease in demand. What could cause that? Higher interest rates? Suddenly ARMs (do people still do ARMs?) start re-setting at the higher rates. People can't afford the new payment? A cursory glance at /r/realestateinvesting/ has topics such as: I’m a student. Can I afford to buy property? Anywhere not experiencing housing boom? First year in review - 3 properties in Spokane, WA Happy to announce that I'm graduating from tenant to landlord. What mistakes did you guys make as a young investor on your first property? Buying a house hoping for appreciation (as I can't find cash flow deals) vs alternate investments ?

With their luck, they'll finish the two new factories right when the supply crunch is ending.