Savings account

[sarvayogi]

20 minutes ago, Sixers said:

Rey kodi burra savings anedi emergency funds inka down payment kosam daachukune money kosam ra. Stock crypto lo pedithe bad timing avochu. Emi theliyani mahaa eddip gaani la unnav.

manchidi...10000 deposit cheyyi...manchi ga bank end of year 10100 istundi...buy biryani with that 100 dollars

[Be_happy]

Nenu Robinhood lo Veda savings. 4.5 or 4.6 something isthunnadu

[Sanjiv]

Stay away from crypto. There is a reason why investment firms like Merrill don't do them and are doing traditional business for decades showing steady growth.

Crypto is not suited to middle-class (how many bit-coins can you really buy with the money you have?). It is suited to wealthy people like Musk, Cuban who can hold their breath for a loooooong time even if goes down and can stand substantial losses. Many rich people are actually dumb and stupid - guddiga dunnu kuntu velli pothar (as per Barbara Corcoran who admitted she is stupid herself and ploughed ahead blindly).

For the middle-class people who made a fortune in crypto, it was just luck - no one can time the market.

[reddyrao]

On 5/26/2023 at 10:10 AM, Hitman said:

You can open CD . 
money in savings account doesn’t yield much even you find a bank with better offer. Open small small CD as you accumulate your funds. Or open treasury account to buy bonds every week/month/year 

CDs ekkada open cheyali. How do they work. Koncham explain please.

[JaiBalayyaaa]

On 5/26/2023 at 5:50 AM, Sixers said:

Lo asalu interest paduthunda?

Bofa lo savings account lo emi padatledu. Edayina suggest cheyandi.

Merrill Edge ki transfer cheyyi, it is linked to your Bank of America account. 

[Sanjiv]

1 hour ago, reddyrao said:

CDs ekkada open cheyali. How do they work. Koncham explain please.

At your bank or somewhere like Merrill Edge

[lovable]

Citi accelerate savings 3.8%. Using that