2018-10-23 at 6:02 AM UTC
I figure with all of these things I'm hearing about student loan debt skyrocketing and CC debt growing, along with most households not having very much money on hand, maybe I should get ahead of the game and dump some of my money into a savings account.
All I really have is a safe deposit box that I can hardly carry(and that's growing) and my checking account.
I was looking at this Money Market Saving Account that requires $10k to have the monthly fee waived and has an APY of 0.04%.
US inflation right now is a 1.9%
Does this mean that with $10k, in a year I'd lose $190 to inflation, but gain $400 from interest, ultimately gaining $210?
2018-10-23 at 10:24 AM UTC
If youre going to be boring just invest in oil ETFs
2018-10-23 at 7:36 PM UTC
I don't want much risk.
Also, should I do a 401k? My employer matches 6%.
At the same time, I could just spend it all.
What does one do?
2018-10-24 at 12:43 AM UTC
Try CDs if you want a no risk savings account that you can't touch
You won't make much on them though
2018-10-24 at 1:21 AM UTC
Originally posted by SBTlauien
I don't want much risk.
Also, should I do a 401k? My employer matches 6%.
At the same time, I could just spend it all.
What does one do?
No risk is gay
Do low risk and DIVERSIFY YOUR BONDS NIGGA
The following users say it would be alright if the author of this
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2018-10-24 at 2:38 AM UTC
Sudo
Black Hole
[my hereto riemannian peach]
No instead you should get two payday loans for the entirety of your paycheck and spend it on pogs. Just think about what they'll be worth by the time the loan is due
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2018-10-24 at 4:09 AM UTC
Ajax
African Astronaut
[rumor the placative aphakia]
Also, at least do the 401(k) up to the match. Nowhere else will you get an immediate 100% return on your money.
2018-10-24 at 4:33 AM UTC
Obviously buy penny stocks. Think of the returns!
2018-10-24 at 5:52 AM UTC
Sell house
Buy Litecoin
???
Richer then Jeff benzos
2018-10-24 at 6:17 AM UTC
Bro that's the lamest shit you following the law. If u got good credit apply for high limit cards if not then fix it.
Personally I invest my money to things that I can get a quick return in money normally it deals with fraud but somebody gotta bring home the beacon mind as well be me. If your not good at creating be a reseller. Following the rules will get u money but after a million years lol you'll be old before getting real money. Invest your time learning about fraud.
2018-10-25 at 2:07 AM UTC
cupocheer
Space Nigga
[unwillingly condescend the dp]
Well, hello Ajax. How are you? We haven't met, I don't believe, but I have seen your name associated with others. Do you know Beige, per chance?
2018-10-25 at 2:16 AM UTC
Ajax
African Astronaut
[rumor the placative aphakia]
I don’t know Beige and I’m only associated with this this name around here. I’m afraid you have mistaken me for someone else.
2018-10-25 at 2:40 AM UTC
Ajax
African Astronaut
[rumor the placative aphakia]
...
Back to the topic, SBT needs a better bank.
