Title | : | The Only Safe Place to Keep Cash (With high interest!) |
Lasting | : | 11.42 |
Date of publication | : | |
Views | : | 452 rb |
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What do you think, will you be using Money Market funds? Comment from : James Shack |
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Did imiss something? Credit cards don't have 4 interest More like 24 to 39 so they really make out like bandits On what they pay their customers Comment from : A Lowe |
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Banks are not making profits, the only way they can stop losing value in a war inflation situation is to buy gold that goes up at the same rate as inflation You can't make a profit on lending with an interest rate less than inflationbrAre you people intentionally stupid and put out this nonsense thinking we don't know you are only interested in promoting profit making scams It's one of the oldest banking tricks to save the greedmongersbrWhen there is not enough gold to save you and all the cash is out of circulation you struggle to buy a pint of milk with 1 kilo gold This is what happens when loony leftists who don't understand war get in governmentbrThere is only 1 solution, put up wages at the same as inflation and protect material sources That is why russia and china formed BRICS DURRRRRR Comment from : THE THOUGHT MASTER |
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I would say the best place to keep cash is in tax lien cirtificates 18 interest in FL Comment from : Raybassman |
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Cash $25000br2X Returnbr3X Returnbr4X Returnbr5X Return Comment from : International Institute of Cash Back |
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I don't trust any bank they'll take wherever they can You can't outsmart them Comment from : Leonora Barany |
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Best rates are not the b all and end all One needs to balance risk! I can't listen to more - just remember BALANCE Comment from : David Horn |
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Ask yourself…brWhat happens to corporate paper when the business declares bankruptcy? Yeah Comment from : Joe Robinson |
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This is financial advice and I never give financial advice: DONT LEAVE DURING THE BEAR If you don’t want to invest…learn If you don’t want to learn…build If you don’t want to build observe DO SOMETHING…other than leave There is so much opportunity here Take advantage! Comment from : Soumya Dadi |
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people with damage kidneys have high blood pressure eat low oxalate diet ! uric acid and oxalates damage the kidnneys
brread the book called " The fat switch " by Richard J johnson MD diets high in Salt , oxalates and uric acid cause high blood pressure and heart disease Salt rots your arteries ! Comment from : Mikael Vitally |
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You're wrong about being able to withdraw all your money from your bank Have you ever tried to show up at the bank and attempt to withdraw all your money? They don't have it They just for one customer they need a few days That's if you can even convince them to give your money to you in the first place They will demand a reason that they deem reasonable Comment from : Beau Ralph |
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Agree 👍 Don't Trust Banks Comment from : Hello Connect22 |
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You don't need money market funds, just use a high yield savings account, end of story This video makes something simple too complicated lol Comment from : World Peace |
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As a soon-to-be retiree, keeping my 401k on track after a bumpy 2022 is a high goal I've read about investors generating up to $250k ROI in this present sinking market; any suggestions for increasing my ROI before retirement would be greatly appreciated Comment from : Matt Douglas |
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How much money do you need to save for emergency savings? 3 months or 6 months in cash? Comment from : Slam Philos |
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Buy land Comment from : Alex Sorov |
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The video cuts out at 4:25 for some reason Comment from : Charles Rodriguez |
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Presidents can’t “deregulate” banks It takes an act of Congress Comment from : Cachebah |
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The notion that regulations prevent banks from taking idiotic actions is nonsense! SVB was actually invested in 10 year government securities (of outmost security from the regulator's standpoint) for much of their portfolio while having startups as their main customers (a fact that means that they should expect a rather high frequency of substantial withdrawals - as these companies spend CAPEX for becoming profitable) in a rising interest rate environment without even a hedge I stopped the clip right there Comment from : C_R_O_M__________ |
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This is some terrible advicebrbrOnce you put it in an online brokerage to invest in anmoney market fund, you are an investor not a depositorbrbrNote - you are not protected by FDIC as a depositor brbrIf that brokerage hilding your money maeket fund shares goes bankrupt as MF Global did, your protection from the dodgy insurance company backing thyr brokerage is likely to not pay out 100 cents on the dollar You might get 10 cents on the dollar if you are lucky Comment from : mtrest4 |
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Thanks, Captain Obvious Rename your channel: advice for children Comment from : Randal Walker |
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You might have lots of information and knowledge, but not all countries give terrible interest rates I get 12 on a 30 day investment Comment from : True Story |
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In u back picket Comment from : Ian Coles |
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Or maybe toss it in one of the high-yield savings accounts there are many of them They are currently paying about 525 they are federally insured and it only takes a couple days to get your money out Comment from : rnelson07 |
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Prefer metals Comment from : Berti Bear |
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Please could you say what amounts you need for these funds, and where to find them? Thankyou Comment from : alesia holdcroft |
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Platinum bars/coins in your prison pocket Comment from : Olwyn Gwynn |
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With how prestigious Lloyds presents itself to be, they sure do screw over the people that they call customers Comment from : Keiko Mushi |
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Does this apply to the American financial system? Comment from : Andluth |
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I have bitcoinpatiencekeep your own private keys as it will go up through the roof in time when 21 million bitcoin have been mined that's it no moreI think there is 19 million plus been minedunlike gold which one can mine moreplus bitcoin can't be manipulated like what the city and bankers do Comment from : OT G |
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Great never heard of them before your video thanks 😊 Comment from : Ashley Mackenzie |
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can someone link the video mentioned at the end, I don't see it Thanks in advance Comment from : Unkle Skunky |
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Not such a great idea I am currently getting 425 in my high yield account and it is FDIC insured My money is very liquid Comment from : Melvin Nash |
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No tengo ordenador no tengo cuentas con bankia no soy crilliente del bankia no meguta nada Comment from : Catalina Lopez leon |
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Cut out the banks, they need a good spanking Comment from : Guide504 |
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Is there a tax implication with these funds Comment from : Mark Cooper |
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Oh, so it's Donald Trumps fault Got it Comment from : Wendy Boyd |
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Banks are offering 525 on GIC's In Canada Comment from : Barry Mantei |
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The us treasury department is literally broke so keeping money in treasuries isn’t safe any more I would rather not keep the money in bank neither treasuries but assets non one can touch 😂 Comment from : Sarwar Khan |
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James, is it worthwhile using one of these if you only need to store the cash for four years? I have £15k to put somewhere until I remortgage in four years time I read that investing for anything less than 5 years is not worth it Would one of these work well, do you think? I know you can't give me actual recommendations of accounts but an idea of whether this could work for me would be much appreciated Comment from : Hannah Bould |
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Oh man, I hope he doesn't say crypto 😅 Comment from : Jimmy Droid |
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I'll stick to gold Comment from : douglas alford |
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Button up Comment from : Reda |
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Considering using these in my LISA on Hargreaves But, feels like a stupid question Where do I see what dividend/interest the fund is paying? Can't find anything Any other HL users know? Comment from : muscleandmath |
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Gold Comment from : Mar Lan |
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I smell BS…… Comment from : J M |
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Safe in a self sustaining and trusting community without a bank Banks will NOT be needed Use AI secure smart contracts without interest and money changers will disappear Their satanic contracts will go away Gold and silver will become worthless Only contracts of value will be any contract that brings value to humanity Value contracts will be THE actual money currency Their value is based on the current value they bring to society IE an inventor creates a patent and that patent is turned into a smartcontract Those that value the patent tramsforms the patent into asubsmart contract The final customer exchanges a valuable smart contract in exchange and the valuation is automatically establishedThe smart contract values continue to shift according to societal needs The exchange is information that can inform the projected value and absolute need Value planning economy with immediate feedback Comment from : Nomvong Lismerced |
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One word Bitcoin Do not, I repeat, do not be caught not holding any Satoshis Comment from : James Doshin Benton |
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Crap Comment from : Cindy Almeida |
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Yeah but I don't put my money in a bank to make money brbrI put my money in a bank because I can't keep it in my mattress Comment from : Fred Mercury |
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not that was the issuefed was the issue! Comment from : dragosmihai1001 |
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This channel is so helpful Thank you Comment from : BigBoomOfDoom2 |
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I have almost all cash in T-bill ladders or in 43 money market accounts 75 in T-bills My mix 45 brokerage accounts, 45 T-bills and 8 money market leaving 2 in checking Fees? Never pay fees Comment from : Gary Inman |
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Very interesting but wouldn't opening a second current account from an online bank offer higher interest rate on money you can access whenever you want like monzo and kroo Comment from : Elizabeth Cole |
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No Comment from : KoDeMondo |
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Do not mean any criticism BUT you are aware that 95 of consumers are unable to use those financial instruments to their advantage brAnd indeed they are financial instruments carrying all the cons of such - not easily available ( unlike cash deposits at large banks), risk of investment deterioration caused by all the factors attached to exchanges, regulations, fees and so onbrAdvising the general public to engage risky and unfamiliar financial behaviors is irresponsible Comment from : Catch me In the rye |
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Wise website offers FSCS protection on Sterling interest balances through Blackrock Comment from : tutacat |
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US treasuries give currently 529-537 i have a fund in that and the capital gains for all UCITS is 0 in greece, now if the dollar falls i loose so it's a risk Comment from : ΙΩΑΝΝΗΣ-ΠΑΥΛΟΣ ΚΩΝΣΤΑΝΤΑΚΑΤΟΣ |
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Too risky compared to cash for relatively little reward, especially as so many banks these days are financially unstable imo Comment from : P Lweis |
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The term hide your money under the floor boards and under the mattress hasnt been used for decades for no reason Comment from : lushbikes |
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Or maybe you are a tory donor, and you have sold some worthless PPE, and want invest it somewhereoops wrong video Comment from : Stephen Walters |
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Money Market funds you pay a commission with NO guarantee of increase in value Comment from : Someone else |
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I get 47 from a fixed term in the bank paid monthly interest, quite happy with this and another account I get 55 but thanks for covering MMF's never knew about this before Comment from : Peshiolini |
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I suggest everyone goes to Vegas and places their entire wealth on Black at the Casino, just one spin and leave…Good Luck ya’ll ! Comment from : Monty |
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Where do you keep your wealth? If you are poor, mostly in cash or at the bank As your wealth grows, you move your wealth into productive assets like stocks and real estatebrbrDon't try and chase yields on your parked cash Over time, productive assets will amply reward you Comment from : matzouks |
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WHOA! Okay, I may be wrong, but I am getting over 4 with Chase which is now in the UK Why would I put my money in these funds when I get that rate at the bank? You just use a crummy bank and get 65 😂😂😂 Switch to the big beast bank and just focus on other things, vs worrying if my money is doing this or that in a money mkt fund Chase has no branches, but who goes to the bank? I only go there (Santander) to drop cash and move it to my Chase lol Wait FEEs on those platforms as well? C'mon I am American, so i guess I know Chase, and I will be the first to say, yes, evil banks, but look, the world is jacked up, CBDC's are coming, digital ID's are coming, get your 4 at Chase and if you like pulling your hair out over investments or parking cash, buy crypto/BTC or metals Comment from : V3Tv |
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Thank you Do money market funds compound interesrt? if so how often typically? Comment from : Migo Surf |
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With MMF - when interest pays it gains and next day it went back to minus than investment amount Does it mean investor has to sell every time interest pay and buy again after ? Comment from : Sandar Cho |
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Your channel is really really really important for everyone alive! Comment from : SVUVM DV |
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Why not dump cash into 13 week treasury bills 524 percent! Comment from : swingman50 |
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This only good for short term - this money will become trapped as digital currency and subject to you keeping a good social credit score Comment from : Me Again |
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A catastrophic unique event 15 years after the previous catastrophic unique event? Comment from : Archie |
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The title of this video is misleading, it’s possible that a person could lose 100 of their investment based on this video Comment from : justin devaney |
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Not making up to a million before retirement is unfulfilled retirement!! I’m 54 and my wife 50 we are both retired with over $3 million in net worth and no debts Currently living smart and frugal with our money No longer putting blames on FED for our misfortunes Saving and investing lifestyle in the stock market made it possible for us this early, even till now we earn weekly Comment from : Oleksiy Matviyenko |
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What are the management charges like on these funds? Comment from : Flabby Bum |
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I had never heard of MMFs before How do I find a trustworthy one when there are so many online scams? Comment from : John Parkin |
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I have a SIPP with Charles Stanley Direct and the money market fubds they have access to don't seem to have a decent return I would be interested to know what experience other people have had with their SIPP providers Comment from : We-Are-Electric |
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i am happy saving with Mr PONZI Comment from : mono |
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what do you think about Royal London Short Term Money Market Fund Y Acc? Comment from : Justin |
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I think it is hilarious that there is a generation of people who actually believe these central banks control interest rates Comment from : Robert D |
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I can't find money market funds on Trading 212, what am i doing wrong? Comment from : Col Pro |
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you are ABSOLUTELY INCORRECT Comment from : argtv100 |
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Hi James Great content as ever A quick query, I am assuming that any gain would be treated as gross interest rather than CGT Would this interest have to be declared on a personal tax return regarding the amount accrued in any given tax year or on withdrawal of the money market product? Comment from : Michael Norman |
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Great video James I'm looking into the CSH2 accumulating money market fund Does the gain get taxed like shares with CGT or like interest when outside an ISA? Comment from : Lee Newell |
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Dude, your ideas can’t even beat the rate for the Apple Card savings account Comment from : Mitchell Smith |
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With the digital mony in the usa money it no good in july Comment from : Rod Helms |
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Two questions, is there a minimum limit of deposit and, do these fund providers report earnings to the inland revenue? Comment from : turboslag |
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And also Gold bars Silver Platinum and Palladium precious metals people are switching to Profit wont been seen for approx 5 years but Gold has risen in value regardless of what currency is doing and banks are buying large amounts too Comment from : Caroline D |
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What do you do with the cash once rates go down again?? Comment from : goober |
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