Yeah seems like classic multi level marketing. Your stake is dependent on recruitment. Not only that, it’s just another crypto trying to become relevant. Do people realize how many currencies there already are at the moment? And Q won’t even be released for 1-2 years.Ponzi scheme for email/data accumulation. Maybe not, but seems dicey to sign up for.
At some point they’re gonna be asking to link a bank account and that’s from a company not yet functioning but trolling for accounts.
Funny... same thing is happening today.As far as actual investing, I did not know that the markets closed in observance of a former presidents death. My heart sank a bit when I opened my Schwab app yesterday and saw the Dow down 800 points for the second day in a row. Fortunately it was just still showing Tuesday haha
For the first time ever, I timed the market perfectly in my retirement account! I moved most of my stocks into a treasury fund in early December, expecting a rout to end the year. After the sell-off got so out of control. I went completely back into stocks after the close on Christmas eve!Perfect opportunity to buy more stocks!
CD no. Locking up your money for 9mo @ 2% is rubbish when online banks/credit unions offer 2-2.25% no minimums and no lockup and upside yields (also downside but looks unlikely in short term). So just to that I would say do not do the CD because you could get same rate and no restrictions.Hi Fellow NYCFC fam... Guess ill start off here.
I recently came across some money.
Ive decidesto put $kk in a CD at 9month at 2% thats what Chase is offering. Just to keep it safe. Is this good....or should i buy like a bond or treasury bill with it?
I have taken 30k which i plan on using to invest. Im debating options.. Im still fairly new to this.
1. Go to some brokerage firm and buy mutual funds
2. I saw some peer to peer lending videos on youtube like upstart and lending club
3. Buy big stocks like apple google boeing etc.
The remainder im going to enjoy.. Maybe catch some away games.
My question or asking help with is... 1. Is it good just to do a CD every 9months or buy some govt bond or treasury bill. 2. What option is best for 30k...has anyone used those peer to peer lending programs.. Is it good.
Thanks just saw Barclays US online had some good interests.CD no. Locking up your money for 9mo @ 2% is rubbish when online banks/credit unions offer 2-2.25% no minimums and no lockup and upside yields (also downside but looks unlikely in short term). So just to that I would say do not do the CD because you could get same rate and no restrictions.
Don’t look to a longer CD either, those rates are terrible too especially in a rate hiking environment. Not forecasting much of a hike this year, possibly a quarter point, but definitly should have some over a 5 year period, and 5 year rates are currently a little over 3%. A couple hikes and those online banks I mentioned will have matching rates, with upside and no restrictions. And if we hit a ressession and there are rate cuts than consider it a hedge to your employment. Cuts would be indinicative of a slowing economy; ie layoffs; and if your laid off you need cash, if you need cash and it’s locked in a CD say goodbye to the life to date yield.... sure you can write off the lost interest but again in a layoff you probably not going to be in a high bracket so it won’t be worth much.
I don’t really want to advise you beyond that. Just don’t do the CD.
But gun to my head, i am assuming you are born 87 from your handle.... equities, you can handle the risk in your 30s. Just buy a low fee passive index tracking mutual fund or ETF. Even after the massive bull run we have been on. Even if you suffer a 20% drawdown, on 30k it’s not the end of the world in your 30s. "If you wanna get cute, hold the money in the 2% bank account and wait for a market pull back then average in" , but not too little bits, don’t churn your money away in execution fees.
The market’s price is never “low” per se. It’s not a gas tank that is directly measurable from empty to full. It’s value is relative to what it is projected to earn (and furthermore how it reinvests or distributes the earnings back to you). If the market sells off you could be getting the bottoms of some misinformed panic which it rebounds or it could be a revaluing around some new projection, which it could maintain for some time. The low is relative. It could fall 10% and still be consisdered expensive.Thanks just saw Barclays US online had some good interests.
"If you wanna get cute, hold the money in the 2% bank account and wait for a market pull back then average in" - are you saying to hold on the 30k until the market is low? Is that what you mean pullback
I believe Russia indicated they are prepared to endure this drop for 6 years - don’t remember where I read that so don’t quote me, but this is also the country that was supposed to implode after the sanctions and need for oil to be around $75..... so a lot is going on that is not normal and very focused by adversary countries - this is basically economic warfare and it wouldn’t be surprising if they’re in it to deal a kneecap blow to our economy.You don't think we should buy crude? That HAS to go up, no?