Im getting bout 65 bands from a settlement Wednesday what should I invest in?

lowkey0z

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You’re not the first person who told me to open a high yield savings . Im gonna look into that when I get off work ngl
its not life changing, but if it's 10x better than putting your $$ in a traditional savings acct imo

right now the average interest rate for HYSA's/MMA's are ranging from 3.5%-4%, based on the bank and promotions they have, but yeah definitely look into it and see if it works for you
 

Yaboysix

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Fck being in here, go run up on the NEAREST millionaire in your area and ask him.

Find that Nygga coming up outta McDonald's...or wherever the hell them low-key dressing/acting millionaires eat at and ask him to put you up on game.

Preferably one of them socially awkward autistic ones, he'll stutter you in the right direction...

That's what I'd do.

:yeshrug:
 

Eternally Jaded

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i would spread it out to different investment types (that makes sense to you):
- a little bit of $$ in a high yield savings account/money market account
- a little bit in stocks, index/mutual/ETF/REIT funds
- a little bit in crypto
- if you got a business idea and have good credit, go half with some of your cash and half with a loan from the bank
- etc.

edit: i hear physical gold (coins, bars, etc.) are a good investment as well

Nice portion into an ETF, half HYSA and then some gold bars.

Get a nice little stack going, to insulate your pockets from inflation.

Tbh you should have a HYSA already with a portion of each check feeding it.

If you haven't been, this is your best opportunity to catch yourself back up.

At least $20k in there, split the rest but make sure you cop the gold bars!
 
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