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Today's News for Tomorrow's Brew
Today's News for Tomorrow's Brew
Start investing with bonuses below ⤵️ ▻ See what I invest in & FREE stock with Public: https://bit.ly/DANIELPUBLIC ▻ Claim …
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I've kept much of my savings in cash for safety, but I'm unsure if it's right for retirement. Contemplating investing $400K in stocks, as I've heard investors can profit in tough times. Unsure about my next move.
Bingo. I didn't start earning money until I invested
Currently earning 5.1%APY in my bask Bank savings account
5k at an 8% Compound Annual Growth Rate for 5 years with no additional deposits came out to $7.4K but maybe I’m wrong
I’ve lost my job for other reasons 🫦🦵👅
Don't get discouraged just because you can "only" invest like $100 per month. It can compound to tremendous wealth over the course of decades. The important thing is that you keep going!
I have a questiong here, what happening when you invest and after that you sell your stock on 10 years, I do the math is not teally to much how you are earing a side your invesment after taxes, My questiong is really worty to invested if At the end I just esrn 1000 usd 😅?
Saving and investing are two steps to self-love. With as little as
$5, you can start
building a financially secure future. Remember money is never enough.
Hey pal i could get blocked for this, but he didnt say anything usefull
But also that dollars value goes down more than .05% so the number may look bigger by $5 but it’s worth less than it was.
Smart person was so smart he knew he was in a YouTube video so he decided to break the fourth wall, well done 👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏🥹🥹🥹🥹😊
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0.2% per year bro we get an average of 15% per year💀
Let’s be honest though no bank offers that low an interest rate though and banks are FDIC insured. And yes, I save and invest (Vanguard index funds, Robinhood, real estate, etc.)
No bank is giving .02 percent. Ally gives 4% Pnc gives 3.5%
I'm in my 50s and I'm more interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?
Savings is more like 3-5% realistically. And it’s perfectly fine for people with low risk tolerance or who can’t afford to lose that money if the market drops and wait x years to recover it
Invest on the s&p 500 and setup auto invest dividends and forget about it.
You forgot to mention that you risk losing everything
Don’t let them know about Options they’ll either regret it or thank you
The fuck is this
My bank charges me negative 0.2% interest… I pay them to hold my money. Also the local government charges me 0.5% on the first 500k then 0.36% on the rest. However 0% taxes capital gains 🎉🎉
I learned my lesson from my Dad. He lost 80 percent of his retirement in one day when the stock market crashed in 2008. I will not put a dime in the Wall Street casino.
Cereno Scientific just saying ❤❤❤❤
15,000 in 5 years. You’re joking right? With today’s INTENTIONALLY Inflated economy, that amount wouldn’t even last for 3 months. Realistically speaking people should be making $300.00 and up PER day.
In europe it is like 2-3% of interests for deposits
There is an oppurtunity cost for both. You should have mentioned how investing in the stock market could very well be dangerous cause the prices change every second. It takes more risk. If you don't want that storing money in a savings account is less risky
In Philippines we have an app named "Maya" and the interest are 14%🤑
So yes but also no. There are some banks with higher yield savings accounts. Try and find these banks and move your savings there. At least a small amount. Stocks are not always liquid and they can go down. So typically you want an emergency fund in savings. The amount varies on how much you make but as someone who has had random home repair issues i can say that I want a reasonable amount in savings so I can instantly fix those things. Once that's there immediately dump all extra savings into the stock market yes.
Great idea but be aware of the fact that its also a higher risk "the more you can get the more risk you have"
Or you could have $0 in 5 years 😂
There’s no “free” return on capital you’re always taking a risk. Even on a savings account.
Inflation?
Don’t trust anyone who talks to themself