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» Best spot to park your cash short term
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post 1642640643 07-11-2021, 06:50 PM
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#31
  1. SoutheastBeast1
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Originally Posted By Nonsense916
Send me the 40k and I will triple it in 3.5 weeks
It’s true

I sent Nonsense 40k a month ago and he tells me it’s 120k now.

Haven’t actually seen it but don’t see why he would lie.
"One day I won't be able to lift any more. Not I won't want to lift. I mean physically unable. That day could be decades from now or it could be tomorrow. All I know is that's the day I'll wish I could lift more than ever. The day I'd give anything for one more workout, one more set, or one more cardio session. So go hard and enjoy every workout, every set, every rep. Because one day you will wake up and you will never get it back."
-SoutheastBeast1
post 1642640833 07-11-2021, 06:53 PM
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#32
  1. BeanGainClovis
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Originally Posted By Realclout
So far, I've mostly been buying calls, naked Puts seem fairly risky and EVEN thought selling calls and puts may be better you certainly need a CHIT ton more money to do so. I usually buy ITM call and they print and that seems to work for me maybe a little more expensive but way less gambling and probably a much higher chance to make a profit then praying you get a rocket shop to the moon with price action.

If you aren't braindead using covered calls and puts is probably a x10 better strategy over market buy and market sell SRS.
You can finance your premiums with spreads. That way you pay $0 to take on a position, as long as you have enough cash.

Selling weekly options is like instant cash, but you need to do it carefully. You want to set it up so worst case scenario you end up owning good stock at a favorable price anyways.

There are all sorts of crazy tricks with options, it is like a creative art form. It can really blow up in your face though if you are not working at a professional level.

Really having an edge is everything, how you monetize your edge is secondary.
Beans. Cleans. Gasoline.
post 1642648093 07-11-2021, 09:19 PM
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#33
  1. Realclout
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Originally Posted By BeanGainClovis
You can finance your premiums with spreads. That way you pay $0 to take on a position, as long as you have enough cash.

Selling weekly options is like instant cash, but you need to do it carefully. You want to set it up so worst case scenario you end up owning good stock at a favorable price anyways.

There are all sorts of crazy tricks with options, it is like a creative art form. It can really blow up in your face though if you are not working at a professional level.

Really having an edge is everything, how you monetize your edge is secondary.
That would be nice but I lost a decent chunk trying to trade FX haven't quit and got a lot better but stopped trading real money because I was bleeding out fast so I feel very skeptical with options but feels good overall so far WAAAYYY easier and ACTUALLY seeing consistent results which is good MAYBE once I get more advanced or I have some luck with real money I will try more advanced stuff but if I can get decent returns WITH just call options I'D be happy cause I am making my original investment plus profit WAAAAY more then I would make BOOMER investing and with WAAAY less capital too I have had stock before but RETURNS were non-existent DID pretty well with precious metal but I wouldn't buy now WAAY overvalued and FEELING a correction in my opinion if I could hit the crypto lottery that would be nice but not counting on it or trying seems LIKE to much of a gamble LIKE you mentioned some of the more advanced stuff seems to be were people mess up and lose a lot of money so keeping it simple AT LEAST for now seems best.

For me I just try to find growth stock with reasonable volatility and cheap premiums and USE call options only since most stocks go up especially if they're a smaller company since they're reporting larger earnings or if it is a bigger company and just released a product or merged with a company and their sales are increasing would be perfect a lot of companies seem pretty rangebound so not lots of TENDIES to be made

I really haven't done anything under a monthly expiration I think it would be to risky MAYBE for selling but NOT for buying.
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post 1642648553 07-11-2021, 09:30 PM
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#34
  1. jizzfarmer
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Throw it all into LINK, ADA and BTC.
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post 1642652393 07-11-2021, 10:49 PM
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#35
  1. GTLpilotbrah
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Originally Posted By SouthDakotaBrah
buying calls or selling calls? you generally need a larger fortune to make the measliest returns when selling calls vs. holding stocks. in Any case, selling OTM calls just means you're converting the potential for appreciation into guaranteed cash flow... it lowers your risk of holding the stock and increases your guaranteed return, and on average likely lowers your overall return (the brokerage company makes money though)

that being said, I enjoy selling calls on certain stocks that I think have reached their temporary peak, and hopefully I can get some "free" cash from it. But only ever on stocks that I've held for at least a year, and even then its gambling. I would like to see a study that compares the overall returns from holding a basket of stocks vs. holding a basket of stocks and selling OTM covered calls on them... I have this feeling that the brokerage is the only player coming out ahead
I actually have been selling covered calls and selling cash secured puts. Just got into it a couple months ago. When the stock is volatile, premiums can be insane for a low principle. I got like a $90 premium in 2 weeks on $950 worth of blackberry stock. Right now my particular stocks I am playing are low volatility, so the premiums are lower.
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post 1642652503 07-11-2021, 10:51 PM
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#36
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Put it in SPCE tomorrow morning at 6:30 and then sell at 10:00
Then put it in VTI and set a stop loss at 50 cents below your order price.

Wait and reap the benefits
By reading this post you acknowledge SikhAndDestroy is an online persona and all posts by SikhAndDestroy are satirical in nature. Comments by SikhAndDestroy shall not reflect on the integrity and morals of the author portraying the online character nor any professional or contractual affiliates of the author.

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post 1642652593 07-11-2021, 10:53 PM
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#37
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Originally Posted By jizzfarmer
Throw it all into LINK, ADA and BTC.
Srs. I have LINK / BTC, but no ADA. $40k into ADA???
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post 1642652643 07-11-2021, 10:54 PM
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#38
  1. GTLpilotbrah
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Originally Posted By DumpsterFire
I got 80k just sitting in my checking account doing nothing. Already put away 250 a week into retirement plan, kinda waiting for the right house to pop up tbh
I feel ya bro. I'm pumping my 401k and match right now, but I'm greedy.
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post 1642652793 07-11-2021, 10:58 PM
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#39
  1. GTLpilotbrah
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Originally Posted By DivineMasculine
What’s “short term”? When do you think things are going to tank?

If you think it will happen in the next 6 months then just keep it in the bank.

A year maybe get a 1 year CD or something that might get you a better rate then a bank account.

If you rent just buy a home and start building equity. If you think crypto is the future just lol.

If in August things don’t start chitting the bed then I have no clue when it will happen. Money printer go brrr
Within 1 year from now I think we will see a sell off. I think real estate may be earlier than that, but IDK.

I don't care about crypto except for the fact that it was my best investment of 2020 / 2021. I bought ETH at like $150 per coin and it mooned to over $4000. Can you say 2667% in less than a year? Too bad I was a poorcel and only had enough money to buy 3 eth. I'm slowly buying into BTC right now, but I am thinking it will go down some more. Not sure...
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post 1642652883 07-11-2021, 11:01 PM
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#40
  1. GTLpilotbrah
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Originally Posted By 2011change
buy stocks and sell covered calls

i make 10k on CC PREMIUMS! monthy
So you must have like 200k in capital? Or are you just a dirty redcel?
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post 1642652983 07-11-2021, 11:04 PM
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#41
  1. LinuxJon
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Originally Posted By 2011change
buy stocks and sell covered calls

i make 10k on CC PREMIUMS! monthy
Shocking the red here is actually right.
480s / 370b / 495d / 235 x 2 SOHP

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post 1642653053 07-11-2021, 11:07 PM
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#42
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Originally Posted By BLOATMOGGER
Why don't you make some money before critiquing other peoples' investing strategies?
No AVI, Did not read SRS.
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post 1642653073 07-11-2021, 11:08 PM
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#43
  1. GTLpilotbrah
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Originally Posted By SouthDakotaBrah
buying calls or selling calls? you generally need a larger fortune to make the measliest returns when selling calls vs. holding stocks. in Any case, selling OTM calls just means you're converting the potential for appreciation into guaranteed cash flow... it lowers your risk of holding the stock and increases your guaranteed return, and on average likely lowers your overall return (the brokerage company makes money though)

that being said, I enjoy selling calls on certain stocks that I think have reached their temporary peak, and hopefully I can get some "free" cash from it. But only ever on stocks that I've held for at least a year, and even then its gambling. I would like to see a study that compares the overall returns from holding a basket of stocks vs. holding a basket of stocks and selling OTM covered calls on them... I have this feeling that the brokerage is the only player coming out ahead
Look into covered call etfs such as QYLD. I was reading up on covered calls and covered call etfs and they have a better record than the S&P500 in terms of rate of return. I think QYLD pays a 12% dividend.
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post 1642653153 07-11-2021, 11:09 PM
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#44
  1. GTLpilotbrah
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Originally Posted By SikhAndDestroy
Put it in SPCE tomorrow morning at 6:30 and then sell at 10:00
Then put it in VTI and set a stop loss at 50 cents below your order price.

Wait and reap the benefits
I am actually going to be doing this lol. I will also be buying COIN tomorrow. I think it bottomed.
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post 1642653323 07-11-2021, 11:14 PM
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#45
  1. BeanGainClovis
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Originally Posted By Realclout
That would be nice but I lost a decent chunk trying to trade FX haven't quit and got a lot better but stopped trading real money because I was bleeding out fast so I feel very skeptical with options but feels good overall so far WAAAYYY easier and ACTUALLY seeing consistent results which is good MAYBE once I get more advanced or I have some luck with real money I will try more advanced stuff but if I can get decent returns WITH just call options I'D be happy cause I am making my original investment plus profit WAAAAY more then I would make BOOMER investing and with WAAAY less capital too I have had stock before but RETURNS were non-existent DID pretty well with precious metal but I wouldn't buy now WAAY overvalued and FEELING a correction in my opinion if I could hit the crypto lottery that would be nice but not counting on it or trying seems LIKE to much of a gamble LIKE you mentioned some of the more advanced stuff seems to be were people mess up and lose a lot of money so keeping it simple AT LEAST for now seems best.

For me I just try to find growth stock with reasonable volatility and cheap premiums and USE call options only since most stocks go up especially if they're a smaller company since they're reporting larger earnings or if it is a bigger company and just released a product or merged with a company and their sales are increasing would be perfect a lot of companies seem pretty rangebound so not lots of TENDIES to be made

I really haven't done anything under a monthly expiration I think it would be to risky MAYBE for selling but NOT for buying.
Almost every single person will lose money trying to trade on financial markets.

The people that succeed are working for people in the industry and learning that way.

That is really your best bet if you really want to make money in that way.

It's to learn it from your employer who hires people to do it professionally.

Even then, it can be difficult to get to that level. It requires experience or connections at targeted schools.

Retail brokers know for a fact that nearly every single one of their clients will lose money by trying to actively trade and not just carefully invest. They do not care, they make more money when you trade often.

I'd say to OP, don't try and play the markets for yourself if you are just looking to invest your savings. You would be better off doing some reading and finding good investments then asking strangers on the misc.

Everyone here is CEO 10k/day of course and making millions while also being 9ft tall and doing 400 lb standing chest flies as warmups.
Beans. Cleans. Gasoline.
post 1642653433 07-11-2021, 11:19 PM
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#46
  1. Contribution05
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Originally Posted By GTLpilotbrah
I've just recently stopped being a poorcel and have accumulated a lot of cash that I would like to have accessible quickly. I am saving to buy a house, land, or just an azz load of stocks / crypto if / when the market tanks. I'd like to have my cash accessible within a couple weeks, so what is the best place to put it?

Right now I have ~$40k just rotting in savings/checking making .00001% interest. Should I put it in a taxable index fund ie: S&P 500 or Total World Index? CD? Particular stable dividend stock? Bonds?

Thanks bros.
Gemini crypto exchange. US company.

You can park your money in their stable coin and earn 7.4% annual interest. (stable coin is pegged to the US dollar. so 1 to 1 ratio and never fluctuates)

Pays out dividend daily, and can cash out into USD at a moments notice with the ability to pull it off the exchange within a week. It's where i'm parking cash that I'm just waiting to see if a dip occurs in certain stocks and crypto.
post 1642653483 07-11-2021, 11:20 PM
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#47
  1. GTLpilotbrah
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Originally Posted By keyboardworkout
I had the same problem only with $500k two months ago.

Ended up putting it in a manged investment account. Let someone smarter than me think about it for 1%.
Sounds like a good problem to have. My dad uses a hands on financial manager and he makes insane returns. He looks for stocks with low PE ratios. Below 15. Not sure what else he does.
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post 1642653683 07-11-2021, 11:30 PM
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#48
  1. Realclout
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Originally Posted By BeanGainClovis
Almost every single person will lose money trying to trade on financial markets.

The people that succeed are working for people in the industry and learning that way.

That is really your best bet if you really want to make money in that way.

It's to learn it from your employer who hires people to do it professionally.

Even then, it can be difficult to get to that level. It requires experience or connections at targeted schools.

Retail brokers know for a fact that nearly every single one of their clients will lose money by trying to actively trade and not just carefully invest. They do not care, they make more money when you trade often.

I'd say to OP, don't try and play the markets for yourself if you are just looking to invest your savings. You would be better off doing some reading and finding good investments then asking strangers on the misc.

Everyone here is CEO 10k/day of course and making millions while also being 9ft tall and doing 400 lb standing chest flies as warmups.
To be fair must people are also retarded, It is painful as fook for me to go to school but if I have one regret or if I could do it over I would go to college for finance. My BIGGEST mistake was using PRICE action / Technical analysis or FUNDAMENTAL analysis only which in hindsight is EXTREMELY retarded STOPPED drawing a bunch of lines on my chart and reading all the CPI reports and stuff like that and just you TWO simple indicators and it has made my fx trading a lot better NOT enough for me to risk any more money at least not yet but the thing with FX is trends happen for awhile and it's hard to tell which way the trend is going so using MOVING average such as a MACD strategy makes it a lot easier to identify the trend and actually get ON the right side of the trend and essentially a VOLATILITY indicator which is called AVERAGE true range which basically calculates the average true range hence the name so say the average true range is 300 on the monthly chart if I want to risk 300 per trade I can set my position size for 10,000 units

As for precious metals in some ways I got lucky with the timing but made out pretty good on some PHYSICAL precious metals and made a little bit of money on stock it wasn't like I was losing money on every stock really only a couple I did MOST of them I made money on but I am POOR so gains were ABSOLUTELY nothing.

Sounds kinda defeatist to me but I know what you're saying is true.
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post 1642653713 07-11-2021, 11:31 PM
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#49
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Originally Posted By GTLpilotbrah
Sounds like a good problem to have. My dad uses a hands on financial manager and he makes insane returns. He looks for stocks with low PE ratios. Below 15. Not sure what else he does.
May not be a bad idea, but some have minimums that are quite high!
post 1642653803 07-11-2021, 11:32 PM
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#50
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I'd start with putting 5% into physical gold ie: $2k.
post 1642653853 07-11-2021, 11:34 PM
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#51
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Originally Posted By GTLpilotbrah
Sounds like a good problem to have. My dad uses a hands on financial manager and he makes insane returns. He looks for stocks with low PE ratios. Below 15. Not sure what else he does.
Low p/e is good but only does so much MY dad does the same thing but I would be SHOCKED if he even made 12% srs his advisor doesn't even trade or actively manage it EITHER and leaches like 2% or something.

KINDA pathetic in my opinion.
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post 1642653903 07-11-2021, 11:35 PM
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#52
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Originally Posted By doughnutking
I'd start with putting 5% into physical gold ie: $2k.
Buy gold near all time highs during a retracement JUST lol srs.

He doesn't wanna get stuck bag holding from your RETARDED advice.
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post 1642654313 07-11-2021, 11:51 PM
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#53
  1. GTLpilotbrah
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Originally Posted By Contribution05
Gemini crypto exchange. US company.

You can park your money in their stable coin and earn 7.4% annual interest. (stable coin is pegged to the US dollar. so 1 to 1 ratio and never fluctuates)

Pays out dividend daily, and can cash out into USD at a moments notice with the ability to pull it off the exchange within a week. It's where i'm parking cash that I'm just waiting to see if a dip occurs in certain stocks and crypto.
Looking into it now. Sounds too good to be true haha.
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post 1645710113 08-25-2021, 03:14 PM
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#54
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Originally Posted By GTLpilotbrah
Looking into it now. Sounds too good to be true haha.
This end up working out for you?
post 1645710413 08-25-2021, 03:17 PM
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#55
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I wouldn't go anywhere near stocks right now, op.
300 Forever
post 1645954443 08-29-2021, 03:20 AM
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#56
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Originally Posted By Contribution05
This end up working out for you?
Actually just made my first investment in it tonight. Going to start slow. Just seeing how the process works. Tried to put in $1000 but bank declined it, so I put in $100. It's true. 7.4% apy. Tied to the dollar. No transaction fees. Pays out daily and can pull your money out at any time.
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post 1645956633 08-29-2021, 05:40 AM
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#57
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Ally Bank Savings Account.
post 1645957583 08-29-2021, 06:22 AM
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#58
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Originally Posted By Contribution05
Gemini crypto exchange. US company.

You can park your money in their stable coin and earn 7.4% annual interest. (stable coin is pegged to the US dollar. so 1 to 1 ratio and never fluctuates)

Pays out dividend daily, and can cash out into USD at a moments notice with the ability to pull it off the exchange within a week. It's where i'm parking cash that I'm just waiting to see if a dip occurs in certain stocks and crypto.
Is it safe to have it sitting on the exchange or will hackors invade my Angus?
post 1645958313 08-29-2021, 06:51 AM
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#59
  1. chaunce54
  2. Platinum User
  1. chaunce54
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Originally Posted By SouthDakotaBrah
High yield savings account if you plan to access it in the near future

S&P 500 if you plan to hold it for 6+ months and don’t necessarily need it for a house down payment or something
This.
^^Former 300+lb Crew^^

WWPB2D

Nothing worthwile is ever easy.

The beatings will continue until morale improves.
post 1645959653 08-29-2021, 07:37 AM
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#60
  1. katya422
  1. katya422
  2. Join Date: Dec 2011
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Originally Posted By GordonXXX
Ally Bank Savings Account.
Srs?
Originally Posted By GTLpilotbrah
Actually just made my first investment in it tonight. Going to start slow. Just seeing how the process works. Tried to put in $1000 but bank declined it, so I put in $100. It's true. 7.4% apy. Tied to the dollar. No transaction fees. Pays out daily and can pull your money out at any time.
Curious how this goes for you.
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