What kind of investment fund would you get?

[fairytalelover]

we want to get some kind of fund specifically for vacation money. We want to be able to use the money made in this account for dcl cruises etc. since we are already dvc members we just have to come up with the money for flights, food, cruises etc

 

[miTnosnhoJ]

I suggest the Disney Vacation Account. You can make deposits in it leading up to your vacation, then spend it for a Disney Vacation. You get 2% back in the form of a gift card when you spend it on a Disney vacation, Cruise, or Adventures By Disney. Also, if you have a credit card that gives multiple points for purchases spent on travel, the DVA codes as travel. You can also deposit Disney Gift Cards into a DVA, which can be purchased at several retailers for a discount.

You may want to supplement this with a regular savings account for flights and non-Disney expenses.

I would not recommend investing vacation money in the stock market. The rule of thumb for stock market investments is a 5 year time horizon. The stock market could be down 30% in any given year, but over time, it tends to make money. But if you need the money this year, it would be a bummer to have to cancel your vacation because the market went down.

 

[mustinjourney]

I suggest the Disney Vacation Account. You can make deposits in it leading up to your vacation, then spend it for a Disney Vacation. You get 2% back in the form of a gift card when you spend it on a Disney vacation, Cruise, or Adventures By Disney. Also, if you have a credit card that gives multiple points for purchases spent on travel, the DVA codes as travel. You can also deposit Disney Gift Cards into a DVA, which can be purchased at several retailers for a discount.

You may want to supplement this with a regular savings account for flights and non-Disney expenses.

I would not recommend investing vacation money in the stock market. The rule of thumb for stock market investments is a 5 year time horizon. The stock market could be down 30% in any given year, but over time, it tends to make money. But if you need the money this year, it would be a bummer to have to cancel your vacation because the market went down.

I didn't realize the DVA was coded as travel!!!

That's great news for me! I have a citi prestige card that has a $250 travel rebate, and I didn't want to be stuck with buying a gift card on Southwest. Just set up a new account and put $250 into it using that credit card -- which should give me a rebate -- FREE DISNEY MONEY!

 

[miTnosnhoJ]

I didn't realize the DVA was coded as travel!!!

That's great news for me! I have a citi prestige card that has a $250 travel rebate, and I didn't want to be stuck with buying a gift card on Southwest. Just set up a new account and put $250 into it using that credit card -- which should give me a rebate -- FREE DISNEY MONEY!

It definitely codes as travel on Chase Sapphire Reserve. I don't have Citi so I don't have firsthand experience there.

 

[BillPA]

Looking for investment advice on a DVC board, hum... I was asking Fidelity Investments about timeshares. Maybe we should swap info.

 

[mustinjourney]

It definitely codes as travel on Chase Sapphire Reserve. I don't have Citi so I don't have firsthand experience there.

If I remember in a few weeks, I'll post an update. Hopefully it works.

 

[fairytalelover]

We were considering buying about 100 to 200 points through resale specifically for renting out to use the money for disney cruises, airfare, spending money etc (we already have points bought through DVC at Poly) but we learned that not only is that not legal but it's also a waste of money and that it would be smarter to take the money we were thinking of investing in resale and putting into some kind of investment account and use the money made from that. So my question is: what kind of account (not talking about the disney vacation account)? I mean an investment account where our money would grow so we can take out a few thousand dollars every year. I'm planning on calling our bank to ask a specialist but I thought I would get some ideas from you guys in case some of you have already done this.

 

[mustinjourney]

We were considering buying about 100 to 200 points through resale specifically for renting out to use the money for disney cruises, airfare, spending money etc (we already have points bought through DVC at Poly) but we learned that not only is that not legal but it's also a waste of money and that it would be smarter to take the money we were thinking of investing in resale and putting into some kind of investment account and use the money made from that. So my question is: what kind of account (not talking about the disney vacation account)? I mean an investment account where our money would grow so we can take out a few thousand dollars every year. I'm planning on calling our bank to ask a specialist but I thought I would get some ideas from you guys in case some of you have already done this.

Not sure why you think it is illegal. It might be a breach of the agreement, but that doesn't make it illegal.

And as far as investment opportunities go, I've run some conservative numbers and the return is around 7-9%.

 

[fairytalelover]

Not sure why you think it is illegal. It mightn't be a breach of the agreement, but that doesn't make it illegal.

And as far as investment opportunities go, I've run some conservative numbers and the return is around 7-9%.

 

[fairytalelover]

maybe illegal was the wrong word. Either way it would cause problems with us and Disney and we dont want that.

 

[wnielsen1]

Disney is not coming after anyone for renting 200 points per year

 

[fairytalelover]

I suggest the Disney Vacation Account. You can make deposits in it leading up to your vacation, then spend it for a Disney Vacation. You get 2% back in the form of a gift card when you spend it on a Disney vacation, Cruise, or Adventures By Disney. Also, if you have a credit card that gives multiple points for purchases spent on travel, the DVA codes as travel. You can also deposit Disney Gift C Hoards into a DVA, which can be purchased at several retailers for a discount.

You may want to supplement this with a regular savings account for flights and non-Disney expenses.

I would not recommend investing vacation money in the stock market. The rule of thumb for stock market investments is a 5 year time horizon. The stock market could be down 30% in any given year, but over time, it tends to make money. But if you need the money this year, it would be a bummer to have to cancel your vacation because the market went down.

how does the disney vacation account work?

 

[Dean]

We were considering buying about 100 to 200 points through resale specifically for renting out to use the money for disney cruises, airfare, spending money etc (we already have points bought through DVC at Poly) but we learned that not only is that not legal but it's also a waste of money and that it would be smarter to take the money we were thinking of investing in resale and putting into some kind of investment account and use the money made from that. So my question is: what kind of account (not talking about the disney vacation account)? I mean an investment account where our money would grow so we can take out a few thousand dollars every year. I'm planning on calling our bank to ask a specialist but I thought I would get some ideas from you guys in case some of you have already done this.

It's specifically and contractually legal but a poor choice to buy points to do so simply to rent consistently without other additional benefits. I'd just save and invest maybe in a stock index fund or just in a money market or CD'd depending not he specifics. A Disney Vacation Account might be a good choice for some but the other options give you more flexibility. For some, investigating other timeshare for non Disney travel can be a good choice as well.

 

[mustinjourney]

maybe illegal was the wrong word. Either way it would cause problems with us and Disney and we dont want that.

Yeah. I was really just referring to the word illegal.

No one is going to jail. Worst case is they'd force you to sell your contracts.

 

[fairytalelover]

How does a Disney vacation account work?

 

[Disney mac]

Have you considered getting a target red card and buying the $100 gift cards from their website? This gets you a 5% discount which seems more than the DVA?

 

[piccolopat]

How about an online savings account? At least that would also be available to you if you had an emergency. The DVA would not be.

 

[fairytalelover]

How about an online savings account? At least that would also be available to you if you had an emergency. The DVA would not be.

We already have a savings account. I was looking for something where my money can grow

 

[fairytalelover]

Have you considered getting a target red card and buying the $100 gift cards from their website? This gets you a 5% discount which seems more than the DVA?

What's a target red card?

 

[fairytalelover]

Yeah. I was really just referring to the word illegal.

No one is going to jail. Worst case is they'd force you to sell your contracts.

Which is something we want to avoid