Topic: I wish to start a savings account...

Anonymous A started this discussion 15 years ago #193

...One with high-interest. The last one I had was only like .03% APY. Suggestions?

(Edited 5 minutes later.)

The Magogo„¢ !!F0+vKzoih joined in and replied with this 15 years ago, 4 minutes later[^] [v] #3,601

Stock market.

A DIFFERENT MOD joined in and replied with this 15 years ago, 51 seconds later, 5 minutes after the original post[^] [v] #3,603

Look for a different bank.

Anonymous D joined in and replied with this 15 years ago, 17 seconds later, 5 minutes after the original post[^] [v] #3,604

Buy a 3-month CD.

The Magogo„¢ !!F0+vKzoih replied with this 15 years ago, 53 seconds later, 6 minutes after the original post[^] [v] #3,605

No bank interest rate is going to be any good. They are for suckers. Stock market is for wealthy people who want to actually make money.

A DIFFERENT MOD replied with this 15 years ago, 2 minutes later, 8 minutes after the original post[^] [v] #3,607

@previous (The Magogo„¢ !!F0+vKzoih)
Private trading is for idiots with too much money.

The Magogo„¢ !!F0+vKzoih replied with this 15 years ago, 1 minute later, 10 minutes after the original post[^] [v] #3,609

@previous (A DIFFERENT MOD)
Oh, okay. 1% is a GREAT return on money. Yeah.

Anonymous D replied with this 15 years ago, 5 seconds later, 10 minutes after the original post[^] [v] #3,610

@3,605 (The Magogo„¢ !!F0+vKzoih)
Don't take this personally, but you really shouldn't go into financial planning.

Anonymous A (OP) replied with this 15 years ago, 2 seconds later, 10 minutes after the original post[^] [v] #3,611

The stock market is a way for unproductive parasites to leech off of the system simply by manipulating the flow of money.

The Magogo„¢ !!F0+vKzoih replied with this 15 years ago, 25 seconds later, 10 minutes after the original post[^] [v] #3,612

@previous (A)
Well, then enjoy your 0.3% gains.

Anonymous A (OP) replied with this 15 years ago, 45 seconds later, 11 minutes after the original post[^] [v] #3,613

@previous (The Magogo„¢ !!F0+vKzoih)
.03%

The Magogo„¢ !!F0+vKzoih replied with this 15 years ago, 1 minute later, 13 minutes after the original post[^] [v] #3,614

@previous (A)
Ah, much better.

A DIFFERENT MOD replied with this 15 years ago, 2 minutes later, 16 minutes after the original post[^] [v] #3,615

@3,609 (The Magogo„¢ !!F0+vKzoih)
Its a definitive amount of money. you will always get that 1% return, the stock market is a big room of nothing more than slots.
Its fun to play, sure, but relying on stocks for any financial security is an moronic gesture.

Anonymous D replied with this 15 years ago, 1 minute later, 17 minutes after the original post[^] [v] #3,617

Your best bet on getting high returns that are guaranteed is to open an account at a credit union that offers 5% interest. They do exist, but they will only pay high interest if you deposit something along the lines of $10,000 or more.

The Magogo„¢ !!F0+vKzoih replied with this 15 years ago, 52 seconds later, 18 minutes after the original post[^] [v] #3,618

@3,615 (A DIFFERENT MOD)
Not true.The stock market, since its inception, has consistently gained in value. Even despite temporary lows, it has always gone up and up.

Minichan