How do you store your money?

[manimal]

trusts baby



I have people for that shit

 

[Carson Dyle]

Cash is for chumps and doomsdayers. Gold coins in a safe deposit box? Sounds like my great grandfather. They found a shit ton of money in his safe deposit box when he croaked. Think that was about 1925, IIRC.

 

[Nograts]

I sleep on piles of it with many beautiful women.

 

[manimal]

I sleep on piles of it with many beautiful women.

alirght alchemist. we know you store your money in beer and sun tan oil

 

[Engineer]

I've not really looked but is there an instant cash out CD that gives that kind of return? I have to be able to get to it within a week should there be an emergency.

Currently, no. The ones I'm in are from about a year ago. They can be cashed out quickly but there is a 1 year interest penalty (but cannot eat into principal). For 3% in today's environment, I can live with that.

 

[Ken g6]

What if it's in CD's earning 3.01% APY?

Link?

This! The best rate I can find at any of the credit unions where I'm a member is 1.85% for 60 months. And I don't really like that particular credit union.

 

[dr150]

This! The best rate I can find at any of the credit unions where I'm a member is 1.85% for 60 months. And I don't really like that particular credit union.

He gets his 3% CD at the Bank of Putin or some Greek outfit. :biggrin:

 

[jlee]

it's called a mortgage. If I had 250k+ to STORE, I'd throw it all into the payments to save over $50k in interest owed for the next 20 years. We're down to $245k now.

I can only dream of the day we get to keep the majority of our paychecks.

I wouldn't- average market return of ~8%, mortgage rate of 3.75%. Free money.

 

[Engineer]

I wouldn't- average market return of ~8%, mortgage rate of 3.75%. Free money.

3.75% is a guaranteed return. That 8%? Maybe....maybe not. My mortgage did far better (being paid off) during the 2007-2010 downturn of the market. Of course, timing in that case was everything.

 

[Engineer]

No one said you could only bank at one institution.



Link?

It was from Penfed (Pentagon Federal Credit Unit) and it was a year ago. Shocked the living hell out of me to see it (especially with CD's going for 1 to 1.25% for 5 year CD's at that point). Sorry (I wish they were still available too)!

He gets his 3% CD at the Bank of Putin or some Greek outfit. :biggrin:

See above: Penfed

 

[ponyo]

3.75% is a guaranteed return. That 8%? Maybe....maybe not. My mortgage did far better (being paid off) during the 2007-2010 downturn of the market. Of course, timing in that case was everything.

I see people getting happy and expecting high returns like it's guaranteed. Not a good sign.

You can't put a price on paid off mortgage. Best investment return ever.

 

[Engineer]

I see people getting happy and expecting high returns like it's guaranteed. Not a good sign.

You can't put a price on paid off mortgage. Best investment return ever.

Mortgage free for the last 7.25 years and I can say 'hand down' that it's the best investment that I've ever done (not to mention that at that time, I was in the 7.5% mortgage rate). Putting money into paying that mortgage off in 6 years and 8 months freed up money to then be put into the 'collapsing' stock market (again, just the right timing by luck).

Agree 100% with you on that one!!!