Should I open a Money Market Saving Account?

1. 2019-03-25 at 9:51 PM UTC

   #61
   

   SBTlauien African Astronaut
   Should I just keep doing $10k CDs?
   
   I could do one about every 8 months.
2. 2019-04-21 at 10:54 AM UTC

   #62
   WellHung Black Hole
   Just make one huge bet in Vegas that the Patriots are going to win the Superbowl.
3. 2019-04-21 at 12:39 PM UTC

   #63
   billfred Yung Blood
   Contrary to the name "money market" your funds are not swayed up nor down by "the market", as in, stocks. You do, however, gain interest at a higher rate than a typical savings account. I use Capital One 360 Money Market. Balances of $10,000 or more gain 2.00% APY.
4. 2019-04-22 at 3:49 AM UTC

   #64
   

   vindicktive vinny Black Hole

   Originally posted by billfred Contrary to the name "money market" your funds are not swayed up nor down by "the market", as in, stocks. You do, however, gain interest at a higher rate than a typical savings account. I use Capital One 360 Money Market. Balances of $10,000 or more gain 2.00% APY.

   
   capital landlords are evil.
5. 2019-05-18 at 9:30 PM UTC

   #65
   

   SBTlauien African Astronaut

   Originally posted by billfred Contrary to the name "money market" your funds are not swayed up nor down by "the market", as in, stocks. You do, however, gain interest at a higher rate than a typical savings account. I use Capital One 360 Money Market. Balances of $10,000 or more gain 2.00% APY.

   
   My online savings account yields more.
   
   I'm just looking for something where I can invest in certain stocks. I have about an extra $1k a month from income. I'm thinking $500 per stock.
   
   I have precious metals, crypto currencies, savings+cd, but no stocks and bonds, and no 401k. I do have good health, a vehicle, my own apartment, no debt, fun toys.
6. 2019-05-19 at 6:07 PM UTC

   #66
   

   vindicktive vinny Black Hole

   Originally posted by SBTlauien My online savings account yields more.
   
   I'm just looking for something where I can invest in certain stocks. I have about an extra $1k a month from income. I'm thinking $500 per stock.
   
   I have precious metals, crypto currencies, savings+cd, but no stocks and bonds, and no 401k. I do have good health, a vehicle, my own apartment, no debt, fun toys.

   
   stocks and share holding are among the most disgusting human activities, they're at least 3 notches below child rapists.
7. 2019-05-20 at 2:07 AM UTC

   #67
   Ajax African Astronaut [rumor the placative aphakia]

   Originally posted by SBTlauien My online savings account yields more.
   
   I'm just looking for something where I can invest in certain stocks. I have about an extra $1k a month from income. I'm thinking $500 per stock.
   
   I have precious metals, crypto currencies, savings+cd, but no stocks and bonds, and no 401k. I do have good health, a vehicle, my own apartment, no debt, fun toys.

   
   How about getting an IRA going? Even better, a Roth IRA?
   
   

   Originally posted by vindicktive vinny stocks and share holding are among the most disgusting human activities, they're at least 3 notches below child rapists.

   
   How did you come to that conclusion?
8. 2019-05-20 at 10:58 AM UTC

   #68
   

   vindicktive vinny Black Hole

   Originally posted by Ajax How did you come to that conclusion?

   
   talked to the children.
9. 2019-06-16 at 5:08 AM UTC

   #69
   

   SBTlauien African Astronaut

   Originally posted by Ajax How about getting an IRA going? Even better, a Roth IRA?

   
   I'm considering a 401k.
10. 2019-06-16 at 7:56 PM UTC

    #70
    Ajax African Astronaut [rumor the placative aphakia]

    Originally posted by SBTlauien I'm considering a 401k.

    
    Whatever you do, do it early. Look at this:
    
    
11. 2019-07-13 at 12 AM UTC

    #71
    

    SBTlauien African Astronaut

    Originally posted by Ajax Whatever you do, do it early. Look at this:
    
    

    
    Is that only with 401ks?
12. 2019-07-13 at 2:42 AM UTC

    #72
    Ajax African Astronaut [rumor the placative aphakia]

    Originally posted by SBTlauien Is that only with 401ks?

    
    No. A 401k is just tax strategy. You can get an average compound annual growth rate of 10% with a good index fund or mutual fund. That could be in a tax advantaged account like a 401k or it could be in a taxable brokerage account.
13. 2019-07-14 at 12:46 AM UTC

    #73
    WellHung Black Hole
    Just give me all your money so you don't have to worry about what to do with it.