We prefer smaller. Can buy outright easier (no loan). And then can easily re sell if needed.
We started with 200 OKW. And a year later we wished we could sell half of those...for reasons. But could not break up a single contract. So we had in laws pay to share with us for a while.
Then, few years later, we had better circumstances and started adding on. Did 50 and 25 HHI. Then did 100 AKV. Then 50 more HHI. Then 55 BWV. Then added another 25 BwV and then another 25 there. Meanwhile, we sold the 100 AKV for a nice profit. Then added 150 BWV. And then added 70 CCV and sold the 200 OKW (split proceeds with inlaws). Then sold all the HHI. Then sold the two 25 BWV. Then added 26 AKV. Lol...follow all that??)!?@?!? Yep, crazy but easy to do with small contracts and overall we made all our money back, including closing costs and whatnot. Prob made a bit more than cost. For the ones we sold...not counting annual dues.
We were trying to get to 1000 and use to snow bird but we ended up moving near Disney so we sold off a lot since we don't really need that many points anymore. But we keep some so we can do a night here and there to be able to drink and not drive home. And enjoy the resorts and parks at leisure. We now have 26 AKV, 70 CCV and 150 and 55 BWV. Would like 29 or so more AKV since we like to book club level there. But, meh. I book last minute pop ups with BWV points and that works okay.