It’s not totally conservative. My investment strategy is simple - protect what I NEED, accept a higher risk on the rest.
I don’t care for money market funds, I like US Nasdaq 100. Tech seems to constantly generate good returns, and I don’t see it to be as bubbly as 20 years ago.
That is a dealer trick. They know running your credit score lowers your credit score a bit and they do it to qualify you as a prospective customer before investing time in a sale.
They know if they drop your score, it will be higher than the next dealer, so if you’re shopping around the next dealer sees an owner score. See 6 dealers and your score drops each successive credit check.
Car dealers do this too
Advice: when shopping a car, boat, bike or power sport product, never let a dealer run a credit check until the moment you are ready to sign.
The reason this happens is a bit of a long explanation, but dealers understand it and do it for their own benefit.
Even if dealerships did a hard pull, several hard pulls within a short period of time only count as one inquiry, as each additional pull will not lower your credit score:
Shopping for a loan involves many steps and, potentially, multiple credit checks. Understand how hard inquiries are generated on your credit.
www.equifax.com
If you’re shopping for a new auto or mortgage loan or a new utility provider, the multiple inquiries are generally counted as one inquiry for a given period of time. The period of time may vary depending on the credit scoring model used, but it's typically from 14 to 45 days. This allows you to check different lenders and find out the best loan terms for you.
All new auto or mortgage loan or utility inquiries will show on your credit report; however, only one of the inquiries within a specified window of time will impact your credit score.
Personally, I've leased and financed quite a few vehicles over the years. None of the credit checks have ever showed up as hard pulls on my Transunion credit report. If they had actually checked, it was a soft pull. I don't doubt that dealerships do hard pulls, just not the ones I've dealt with.
Most egregious usage of hard pulls is Scotiabank. Hard pull for initial credit card application. Another hard pull to increase the limit. No other CC company has impacted my TU score as much as Scotia, and I have CCs from 4 different Canadian banks and 2 US banks. All of those applications and limit increases were soft pulls.
Two VERY different investment vehicles with VERY different risk profiles. Nobody looking at one would ever consider the other as a comparable alternative
Like saying, "I don't care much for pure spring water. I like deep fried Mars bars."
Two VERY different investment vehicles with VERY different risk profiles. Nobody looking at one would ever consider the other as a comparable alternative
Like saying, "I don't care much for pure spring water. I like deep fried Mars bars."
Maybe, but I have both as part of my investment strategy. My portfolio is balanced between risk and preservation of wealth.
My ‘cash’ equivalent stays in money market funds. Early this year I had a lot in money markets as my investment guy wanted me on the sidelines when Trump started ******* with his biggest trading partners - moved.
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