Bloomberg Wealth: “Why Your New Couch Will Be Delivered Only in 2022”

Bloomberg Wealth, Sept. 25, 2021 — Marguerita Cheng, CFP® Pro is featured in today’s article by  who explains that supply chain chaos is causing ultra-long furniture-shipping delays, frustrating people who just want a comfortable place to sit down.

Wells writes: “Across the U.S., U.K., and a number of other countries, extremely long delivery times are leaving furniture shoppers fuming. People trying to buy new couches, yard furniture, and even cribs have found themselves staring at delivery dates far out into the future … Delays are difficult to prevent or fix after making a purchase, but there are some things consumers can do, consumer advocates say.”

“It starts when you’re shopping with a sales associate,” says Marguerita Cheng, a financial adviser who runs Blue Ocean Global Wealth in Gaithersburg, Maryland. “Looking at an exceptionally long delivery time? Try to negotiate a smaller down payment. If that’s not happening, try to push for free delivery or an extended warranty. Those with excellent credit might see if they can get six or 12 months ‘same as cash,’ which would save on interest payments. Whatever you do, don’t pay by cash or check. Credit cards offer valuable protection for consumers. Even when a baby isn’t involved, timing is particularly important for some furniture purchases.”

Click here to read the entire article!

And click here to watch Marguerita’s presentation as a keynote speaker at the Sept. 23, 2021, ETF Express US Awards on MargueritaCheng.tv.