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Question for my Cash guysm?
YellowSnow
Moderator, Swaye's Wigwam Posts: 37,899 
The Snow family tries to maintain a year's worth of net take home pay in the rainy day fund protected by the FDIC. I just got an email from our High Yield Savings account that the interest rate is down to .80%. I guess I can't complain too much since we just got a 30 year fixed at 2.95% but still it's annoying.
Is there any other relatively save haven for savings besides CD, money markets, etc? I'm not like @swaye and don't have the balls to just keep it in guns and Rolex watches.
Is there any other relatively save haven for savings besides CD, money markets, etc? I'm not like @swaye and don't have the balls to just keep it in guns and Rolex watches.
Comments
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I don't know man, Rolex watches are a pretty good appreciating asset class.
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Go to a local bar after 12am and make a bet with the local drunk on the ESPN NBA bubble playoff game that is playing on replay.
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We put a small amount into Rolex as you know.Swaye said:I don't know man, Rolex watches are a pretty good appreciating asset class.
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Start a Cannabis business
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80% lowers and ammo until after the election.
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If you have a 10 year time, precious metals could be a place to go. Not today after the run silver has had, but when you can only get 2% yield tops in the bank and it has to be there for 10 years, the bar to beat that is really low.
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Have you thought about putting it all into the Robinhood IPO?
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The only problem with cash is it's vulnerable to becoming worthless if there's a big jump in inflation. The rate at which the Fed is making free money appear out of nowhere has me a little worried about that. How much liquidity do you need?
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Ladder municipal bonds.
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I want to have a year's worth of household expenses not exposed to any short term downturns in the markets.BleachedAnusDawg said:The only problem with cash is it's vulnerable to becoming worthless if there's a big jump in inflation. The rate at which the Fed is making free money appear out of nowhere has me a little worried about that. How much liquidity do you need?
Inflation is tricky to predict and since 2009 everyone says it's coming but hasn't materialized. Doesn't there have to be higher demand chasing a limited number of goods to really get inflation going?
