You should pick your credit card perks like Warren Buffett picks his stocks, TD Bank exec says
Source: Fortune ·
The billionaire’s philosophy for preaching the ways of compound interest might also apply to how many credit cards you have in your wallet.
From the source
If you’re a Boglehead like myself, you can talk endlessly about the compounding powers of the three-fund “lazy portfolio”: some bonds, some domestic stocks, and some international ones. Set it and forget it; never look at it again until you need to. If you don’t feel comfortable with the three-fund portfolio, you might want to get a financial advisor who can pick specific stocks for you for an AUM. The opportunity cost is in your head: For a low-expense ratio, you can have some ETFs that fit the three-fund portfolio, or you can shove all decision-making onto an advisor who will charge more to manage your portfolio. All it means is someone or something will be managing your money, and depending on the amount of effort and work you want to put into it, you can pay a higher fee and get it done for you for potentially higher rewards (although FAs rarely beat the market returns of ETFs) or grab a low-expense ratio fund and call it a day. If you’re a Warren Buffett aficionado, you’ll…
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