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Should I open a Money Market Saving Account?
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2019-01-04 at 4:08 AM UTCHow old is the OP though? That matters.
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2019-01-04 at 4:08 AM UTCJerome Powell is a belligerent fuck. Now is not the time to raise interest rates, and therfor, a man-made bear market.
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2019-01-04 at 4:10 AM UTCFunny, my porn name is Ricky Powell.
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2019-01-04 at 4:11 AM UTC
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2019-01-14 at 6:09 AM UTCI just want to put it into something rather than keeping in my checking account. I found some online banks that offer 3.5 APY on five year CDs but their ratings are low(mostly because of funds being held for a time period on savings accounts). These are actually credit unions though that don't appear to be insured by the FDIC.
I was considering buying a car but mine still has less than 100k miles on it and I have the lifetime oil change through the dealership. It's also a cheap Honda that gets good gas mileage.
I think a CD would be a good start. Just somewhere to stash some funds. But I think I'll do $12k and then maybe look at investing elsewhere. -
2019-01-14 at 7:18 AM UTCSoyboy IV: The Flower of Death and The Crystal of Life African Astronaut [the oppositely able-bodied hop-step-and-jump]
Originally posted by DietPiano Jerome Powell is a belligerent fuck. Now is not the time to raise interest rates, and therfor, a man-made bear market.
Now is a great time to raise rates, and Trump and him deserve maximum credit for doing so. ZIRP is a bad policy as it encourages malinvestment, excessive debt and financialisation, and keeps alive zombie firms (those without the ability to ever pay off or even service their debt) - and due to the nature of debt the structural problems caused by it would only become worse the longer it went on.
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2019-01-14 at 1:57 PM UTC
Originally posted by MORALLY SUPERIOR BEING IV: The Flower of Death and The Crystal of Life Now is a great time to raise rates, and Trump and him deserve maximum credit for doing so. ZIRP is a bad policy as it encourages malinvestment, excessive debt and financialisation, and keeps alive zombie firms (those without the ability to ever pay off or even service their debt) - and due to the nature of debt the structural problems caused by it would only become worse the longer it went on.
no.
bubbles are more interesting looking than a straight line. -
2019-01-23 at 7:53 PM UTC
Originally posted by MORALLY SUPERIOR BEING IV: The Flower of Death and The Crystal of Life Now is a great time to raise rates, and Trump and him deserve maximum credit for doing so. ZIRP is a bad policy as it encourages malinvestment, excessive debt and financialisation, and keeps alive zombie firms (those without the ability to ever pay off or even service their debt) - and due to the nature of debt the structural problems caused by it would only become worse the longer it went on.
It's not that he's raising them in general, it's that he's using a rubber stamp rate raise every quarter indefinitely approach, irregardless of the effects it will have on the market, and without any concern for the state of the economy at the time that he's raising them.
In a weak housing market, it is not wise to make it more and more expensive to buy a home with each passing quarter imhfo -
2019-01-23 at 9:54 PM UTC
Originally posted by DietPiano It's not that he's raising them in general, it's that he's using a rubber stamp rate raise every quarter indefinitely approach, irregardless of the effects it will have on the market, and without any concern for the state of the economy at the time that he's raising them.
In a weak housing market, it is not wise to make it more and more expensive to buy a home with each passing quarter imhfo
what logic is that ? when people cant afford to buy a house, the solution is to make the house cheaper, not making lending easier. -
2019-02-19 at 10:45 PM UTCI now have have a online savings account. I'm going to do a CD as well.
Im far behind. I don't know how I'm going to reach $250,000 by age 40. I am in my mid 30's. I think I can do $100k by age 40, and add PM to my safe box, and save up some crypto. -
2019-02-20 at 3:33 AM UTC
Originally posted by SBTlauien I now have have a online savings account. I'm going to do a CD as well.
Im far behind. I don't know how I'm going to reach $250,000 by age 40. I am in my mid 30's. I think I can do $100k by age 40, and add PM to my safe box, and save up some crypto.
You won’t get there with so-called “safe” investments. You need to invest in equities, especially since you’re still relatively young. Enter, the stock market. -
2019-02-20 at 10:58 AM UTC
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2019-02-20 at 12:13 PM UTC
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2019-02-20 at 2:32 PM UTC
Originally posted by vindicktive vinny whats the differece between investing and betting ?
Investing: The act of committing money or capital to an endeavor with the expectation of obtaining an additional income or profit.
Betting: the act of gambling money on the outcome of a race, game, or other unpredictable event. -
2019-02-20 at 2:35 PM UTC
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2019-02-20 at 7:04 PM UTC
Originally posted by Ajax Investing: The act of committing money or capital to an endeavor with the expectation of obtaining an additional income or profit.
Betting: the act of gambling money on the outcome of a race, game, or other unpredictable event.
so people dont bet with the expectation of obtaining an additional income or profit ? -
2019-02-20 at 10:08 PM UTC
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2019-02-20 at 11:49 PM UTC
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2019-02-21 at 2:28 PM UTC
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2019-02-21 at 6:28 PM UTCi just want to know if people knew.
