Savings account alternative??

[3Roosters]

With the low rates on savings/CD's check this out. no brainer

The silver lining of surging inflation: I-bond yields should climb above 9%


Opinion by Mark Hulbert - 7h ago

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[guywhofishes]

Seems like there's a catch. What is the catch?

 

[Captain Ahab]

Seems like there's a catch. What is the catch?

Maximum of $10,000/year per person. Have to keep for one year. If you cash out between the end of year one and year five you give up three months of interest. Free and clear after five years. The kicker is only being able to punch in 10k a year and the fact the inflation adjustment happens every 6 months. A guy can’t get much working in a short period of time and if he/she cashes out after a year you give up 1/4 of your interest.

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If a guy could drop a million bucks in there at a crack the website would probably crash from over traffic

 

[Maddog]

If inflation would go back down (ha ha) I would gladly forgo the decrease in interest.

 

[3Roosters]

Seems like there's a catch. What is the catch?

If a person has money set aside, a person may as well have it earning something more than nothing or close to nothing. Of course this is not set aside money a person may need in the short term.

 

[Bfishn]

Hmm never heard of these, just a bit of reading and think I may have to check them out. Sound like there may also be an advantage to locking in the current April rate of 7.12% for the next 6 months and then you would get the May rate of 9.62% for the next 6 months after that, basically guaranteeing a year of high returns.

 

[3Roosters]

[h=2]What did Einstein call the 8th wonder of the world?[/h]Albert Einstein once said “Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn’t, pays it”.

 

[wjschmaltz]

This is where I now park money. 20% apy. Times they are a-changin'.

Anchor Protocol

How and why it works.

anchor-v1.1.pdf (anchorprotocol.com)

 

[Dirty]

Beer and Bullets????

 

[AR-15]

coffee can buried in the garden

 

[measure-it]

I wish I had a lumpy mattress, but not much for cash inserts under the ol' Sealy!

 

[PrairieGhost]

I wish I had a million primers to sell right now. Gunpowder would be good too. Either one would make gold or silver look silly.

 

[Bacon]

Stock up on things you need. With the rate of inflation going on your return could be quite impressive.

 

[Kurtr]

This is where I now park money. 20% apy. Times they are a-changin'.

Anchor Protocol

How and why it works.

anchor-v1.1.pdf (anchorprotocol.com)

I need to learn way more about all that stuff. Money to be made

 

[wslayer]

I need to learn way more about all that stuff. Money to be made

I'm with ya, don't understand the half of it.

 

[CatDaddy]

This is where I now park money. 20% apy. Times they are a-changin'.

Anchor Protocol

How and why it works.

anchor-v1.1.pdf (anchorprotocol.com)

Can you explain to an "idiot" how you got started? I'm a dummy when it comes to this....Sounds like it's worth looking into though

 

[Up Y'oars]

The stock market, IMHO, is a known volatility and plays much like that of blackjack. The house can win 4 of 7 hands unless the player makes the right choices. If so, the odds of those choices can place odds even.

This whole cryptocurrency and NFT's are kind of like the roulette wheel. Yes, the marble ends in on of the numbers on the wheel but it's 99% against the player.

I'll stick with the stock market.

 

[Maddog]

https://www.fool.com/the-ascent/cryptocurrency/articles/heres-why-im-passing-on-anchors-20-apy/

 

[NodakBob]

I knew a guy that would by a couple Winchester Model 70 rifles every year for an alternative retirement savings account...knew another guy that bought classic cars for investments, then sold later for big increases that were not taxed.

 

[Maddog]

A friend of mine has done some good deals with buying land and then selling at a later date.

Guess they aren't making more of it. : )