Bowflexin'

So since switching jobs I haven't had much time to go to the gym. Paying $80/mo. @ Equinox didn't seem like a worthwhile investment so this weekend I visited Sports Authority to get some gear.

Long story short, I went with the Bowflex Selecttech 552 dumbbells. The major appeal being a compact, multi-weight option that saves space and is easily interchangeable. I pondered getting plated weights but the spinlock never seems to stay locked and its a bit cumbersome to change weights. Other options were similar Bowflex-style quick changing weights, but none of the options had the same quality as the Bowflex ones. In the end paid $399 for the weights + tax, but I also got the "free" stand thrown in. Some possible worries however is the quality as the salesperson tried hawking the 2 year extended warranty because of problems with the spinlocks...

Seeing that I also needed a bench I went with the Bowflex 3.1 Bench. Kinda regretting this pick up as I could've probably gotten a cheaper bench for about the same price, I just kept it within the Bowflex family. O wells.

A review to follow after I put together the bench and start workin it out.

One Love,
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Free (or Almost Free) Verizon LG VX8700 Ringtones

With a little bit of work, you can side step Verizon's crippling of the LG VX8700 to make your own ringtone.

Step 1: Choose song
Step 2: Cut song to about 30 seconds (use a program like Adobe Premiere)
Step 3: Convert song to an mp3 with a bit rate apprx 80kpbs (should be about 300kb or less)
Step 4: Email yourself the song or put it on your SD card
Step 5: Send yourself a pix message with the song attached
Step 6: The message should be waiting in your inbox... Open and save as ringtone
Step 7: Enjoy! (Will be free if you have unlimited TXT/PIX. If not, will still be cheaper (tho more work) than buying a ringtone from their site.

One Love,
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Chase Freedom: Free Money

So seeing that I need to build my credit history I decided to sign up for another credit card to add to my Citi Professional Card. I was waiting for a card to give me a signup reward and a worthwhile cash back program. Enter Chase Freedom.

While reading slickdeals.net @ work, I came across the post for a $250 signup reward when applying for the card. I was hesitant at first seeing that you only saw the signup on the landing page occasionally and on the application form there was no mention of the bonus. Regardless, some posters had detailed their success in getting the reward so I took the plunge.

Weeks passed and I was worried whether or not I'd actually get the card. I gave my email address and everything, but I'd had no word from Chase for a good two weeks or so. Eventally the card came but no mention of the rewards. I quickly signed up for the online account and scoured the pages for the reward. Nada.

So I thought I'd been screwed, but low and behold when checking my account balance one day the rewards showed up in my account. Clicked on "redeem" and received my $250 check in the mail about a week later.

So what's the good and the bad with the card?

Good:

• Accumulating $200 in rewards is good for a $250 check (Otherwise you can cash out $50 in rewards for $50). Effectively that's a 1.25% cash back instead of 1.00% if you can wait to accumulate $200.
• 3% on Gas, Grocery and Quick Service Restaurants. I rarely buy gas or groceries, so that really doesn't matter for me. I do go to places for lunch, but I've yet to see getting 3% back at the delis and sandwich shops I go to... I wonder if its only for fast food which I've been trying no to eat...
• Online account is easy to use. No hassles

Bad:

• Ridiculous APR. I pay my balances in full every month, but if you miss a payment on this baby you're screwed. So definitely sign up for the email reminders when your bill is due.
• No 3% back on regular restaurants.

All in all, I think I'll use the Freedom card over the Professional for everyday purchases and the like and reserve the Professional for restaurants. In the meantime I'll be on the lookout for possibly another card with a different type of reward.

One Love,
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The Incredible Falling Interest Rate

The Fed announced today that the fed fund rate would remain unchanged for the time being. So what does that mean for interest rates? So far online savings rates have stayed the same. E-Loan remains at 5.25% and Emigrant at 5.05%. In recent weeks, however, the CD rates at these two institutions have dropped to 5.26% and 5.10%, respectively. E-Loan had a huge drop from 5.41% to 5.26% over the last week or so, while Emigrant has been holding at 5.05%. My CD at Emigrant expires tomorrow, so what to do? Open an account at E-Loan and hold it at 5.25%? Or will the rates drop at E-Loan too and converge to the rate at Emigrant? Sigh.. Missing the rate hike!

or

I'll let you know!

One Love,
Look

Decisions, decisions... Which phone will you hear me now on?

So my Verizon contract is set to expire with my "New Every Two" discount kicking in May 10, 2007. While Verizon phones are notoriously worst in class of any provider (unfortunately they can get away with it by having the "best" network). So which phone to upgrade to? My current phone the Motorola E815 has served me well, but the antenna/reception in the last couple of months has been lacking. Verizon boasts the least dropped calls or whatever, but I seem to have tons of trouble getting reception here in Brooklyn.

Anywho, these are the two options I've been looking at:

LG VX8700

Pros: Pretty. Sleek. Slim. Lightweight.
Cons: Supposedly speakerphone works only w/ the phone open. Odd front screen.

MOTORAZR maxx VE

Pros: Sleek. USB port capability. Touchscreen face.
Cons: Bigger portfolio - shape and weight. Odd shape (haven't gotten used to that extra bottom nub on RAZRs).

Unfortunately I think the LG VX8700 is only available online right now. And since I'd like to actually see/feel the phone before I get it I think I may end up going with the MOTORAZR maxx Ve. As I ponder the decision I hope some new fangled phone comes out or the LG Vx8700 goes in stores so I can compare. I'll keep you posted.

One Love,
Look

And so it happens... Toyota #1

The 1Q results are in and after years perched on top of the automotive world, Detroit automaker GM was handily beaten by 90,000 units to rival Toyota. The results marked record results for both automakers, but was the first time Toyota outsold GM. Analysts expect similar results throughout the rest of the year as Toyota's finally achieves the dominance that seemed all but an eventuality. Should this occur, this will mark the first time in 76 years that GM was not the top automaker in the United States.

That being said, will Toyota be able to sustain its dominance? Even the mighty must fall and with Chinese upstarts, formidable South Korean players and the resurgence of American brands will Toyota be able to maintain its lead over the competition? As the Tokyo juggernaut rolls along, however, its stock (Toyota: NYSE - TM) seems to be a relative bargain at $125, down from a high near $140 mere months ago. As such, TM seems like a BUY and its dominance? Only time shall tell.

One Love,
Look

Interest Rate Roundup

I opened a couple of CDs at WaMu while I was in college and have since been rolling them over. My returns haven't been too great, with some of my earlier CDs locked in at rates around 3%, but recently trending around 5%. This weekend one of my CDs expired so I was forced with the decision of rolling it over again or pulling the money out. Interest rates at online banks have trended downwards over the past few months, so I decided to stay locked in another CD for 8 months with a rate of 5.10% APY.

My old faithful in online savings, Emigrant has served me well, but I think I held my money in these accounts for too long. Currently I have 2 CDs with 6 month maturities locked in at 5.20% APY and my regular savings account at 5.05% APY. In the past couple of days, the CD rate has fallen to 5.10% and I'm fearing a draw down on the regular savings account will soon follow.

That leaves me with E-Loan. I was late to jump on the boat when they were offering 5.50% APY on their online savings account out of sheer laziness on my part in my unwillingness to open yet another online account and shuffling money from Emigrant to my Citi Checking to E-Loan. In hindsight, I should've gone through with all the hassle for the better rate. Currently, they're offering 5.25% APY for their online savings account which is higher than any interest rate I currently have. Suffice it to say, my money is locked in various things and I'd have to do some money management/stop spending my paychecks to roll the $5,000 minimum into an E-Loan account. Boo. I guess better late than never, however, so in the coming weeks I shall do some portfolio shuffling and open yet another account. I'll report back later on my progress or lack thereof.

One Love,
Look