All Forum Posts by: Lieren Schuette

@Lieren Schuette good question, but I think this question is over hyped in our investor minds.

When you run a ROI calculator for 2-5 years, presumably the length of time one is saving for RE from a W2, at risk free return rates, the return is largely immaterial to the principal, and the risk of capital preservation is substantially higher than the value of the interest received.

In my opinion, anywhere you are willing to save for your personal emergency fund is as good a place as any to save for your REI.

My 2 cents.

I agree on not putting large sums of money into banks at the current time, but I think $100,000 was the threshold for bail ins when they happened in Greece, so unless you need to save for a 25% down payment in a high cost area, I generally think the “lost return” from a saving vs investing decision is immaterial.

Good luck, and do what’s best for you.

@Lieren Schuette

BlockFi, Gemini Exchange offer 8-9% interest on stable (pegged) crypto coins.

@Lieren Schuette

Brokerage account can supplement standard checking and savings accounts.

If I was just starting out I would never put my money in a bank, especially with inflation whipping up. There are other reasons a bank is a bad place for your money. It's called " fractional reserve banking" and "bail ins" but I won't go into detail on those here.

For practical options, you could buy something of value that will go up as inflation goes up. Physical Silver - it's at $22 an ounce (don't buy paper silver - not ETFs), yes to collectibles, yes to things that can be bought wholesale, can be preserved, are "dense" in value and don't take up much space. These might include baseball cards, autographed art work etc. 

I know it sounds odd, but that type of thing is the only hedge against inflation when you can't afford to buy land, houses, gold. 

Look, are you talking about small money like sub 100k and you just want an easy FDIC insured place to hold it short term?

https://www.marcus.com/us/en

Goldman offers an online, no hassle, no fee savings account. They'll wire your money anywhere you want with no fees when ever you want to move it, and if you work their referral system, it pays 1%, .5% otherwise.

No gimmicks, no hassles. Used them to hold small liquid money for years.