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How do you store your money?

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jlee said:
Yup. Now look at the second link for what your money could be doing instead.
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Sure, if you knew which stock to invest in right? That's just a guessing game. Who would have thought apple in the 80's would be worth so much now? I thought gold would be a long term safe bet.
 
rsbennett00 said:
GTFO money, lol. It's breach of contract money. Basically if I get the flu or something and can't work, and can't find someone to fill in for me, and I've already signed the contract, and I miss the deadline, I'm in breach and have to pay the fine. It's usually only $100k but I keep extra just in case. It's only happened once in the past but...
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LOL,

I thought you worked with Gus (you know underneath the laundry house).
 
I keep mine in the bank because I am going to have to fork it over as a down payment for a house in the next few months. Less paperwork to deal with if I leave it there versus tossing it in some ETF's.
 
rsbennett00 said:
Sure, if you knew which stock to invest in right? That's just a guessing game. Who would have thought apple in the 80's would be worth so much now? I thought gold would be a long term safe bet.
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Good point. Too bad they only let each person only own stock in one company.🙄
 
steppinthrax said:
I usually place U.S. Passports and other docs I can't afford to lose
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how pricey can an US passport be?

Seriously, the chance of losing it at home is very low, and the chance of losing it while traveling quite high, so what's the point in keeping it in a deposit box while at home when you still have about the same total chance of losing it?
 
JulesMaximus said:
I bury it in large plastic barrels out in the desert and keep the coordinates on a lotto ticket I keep in my wallet.
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That's a good idea! Why didn't I think of that option.

As for me, I put some in Uhaul storage and some underneath the floorboards of my house. :thumbsup:
 
Murloc said:
how pricey can an US passport be?

Seriously, the chance of losing it at home is very low, and the chance of losing it while traveling quite high, so what's the point in keeping it in a deposit box while at home when you still have about the same total chance of losing it?
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Because replacing it is an administrative nightmare if you need it immediatley. I have a free sd from my bank so I use it.
 
Engineer said:
Why? What if it's in CD's earning 3.01% APY?

Most of my money is (not that I have 250K or even 150K in cash, mind you).
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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.
 
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.
 
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