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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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18482613 No.18482613 [Reply] [Original]

>Don't forget, call up your local union bank and ask for a better rate!
>I just got it increased from 1.3 to 1.41%!
>Then use that extra sweet money for a VTOO 401k matching

>> No.18482656

>>18482613
Laugh all you want. Someone with that investment strategy will have a higher net worth than you’ll have trading crypto.

>> No.18482659

>>18482613
If you were in a high yield savings account in march, you would've. Beat everyone investing in an S&P 500 index fund over the last 5 years kek

>> No.18482701

I set it up so that a portion of my paycheck from Mr Noseberg gets automatically deposited into a low expense ratio lifecycle target date fund from Vanguard. Remember, time in market beats timing the market. I'll be a millionaire in just 45 years.

>> No.18482711

>>18482613
>1.3 - 1.4
Even if you take the Fed numbers at face value and assume they're not bullshitting about inflation you would still be losing money every year at this rate.

>> No.18482717

>>18482711
>thatsthejoke.bmp

>> No.18482725

You’re laughing now but I’ll be a millionaire in 50 years

>> No.18482789

>>18482725
thats exactly what I'm fucking laughing about

enjoy the dream of having a 30 yo well paid life at 75 yo lol

>> No.18482861
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18482861

>>18482789
Take that back, kiddo. NOW!

>> No.18482886

>>18482861
>40k withdrawal rate per year
>what is inflation

>> No.18483564

>>18482659

I've been in a high yield savings account. People were laughing at me right up until the first part of the dump. we haven't even started wave two yet. They reduced the rate from 1.7% to 1.55% today and I don't even care.