Savings accounts are way up.

[Xist]

Someone calling itself Sadafrat on Imgur mentioned: "If you can commit to not needing your money for 4 weeks, there are better rates buying Treasury bills directly at Treasurydirect.gov." Somebody replied "I am seeing an average of 3.27% discount for a 91-day bill: https://www.bankrate.com/rates/inter...asury/treasury bills."

I fear that I need someone to explain it with hand puppets.

[redpoint5]

Originally Posted by Xist

I fear that I need someone to explain it with hand puppets.

1. Save as much as you can
2. Invest in assets that generate wealth

I'm going to make this into a financial book.

[Piotrsko]

Yup that be the current anticipated discount, but that aint the yield for the short timers you get at the auction...

[JSH]

Originally Posted by Xist

Someone calling itself Sadafrat on Imgur mentioned: "If you can commit to not needing your money for 4 weeks, there are better rates buying Treasury bills directly at Treasurydirect.gov." Somebody replied "I am seeing an average of 3.27% discount for a 91-day bill: https://www.bankrate.com/rates/inter...asury/treasury bills."

I fear that I need someone to explain it with hand puppets.

Nothing that complicated about it. T-Bills are just bonds sold by the USA government. You loan them money - they agree to pay you back with interest.

I'm not sure why you would want any T-bill at the moment as the best rate is 4.15% while an I-Bond pays more than double that.

The only bad thing about an I-bond is that you can't sell it and get back your money for 1 year. After that you lose 3 months interest if you cash them in early. After 5 years there is no penalty.

Well that and you can only buy $10,000 of I-bonds a year per person.

[freebeard]

Originally Posted by redpoint5

I'm going to make this into a financial book.

Scott Adams clams he can reduce all of economics down to a single page. I don't have a citation.

It's hard for me to keep up. I was in a corner store and they had a kiosk that offered Bitcoin for cash. I thought, "finally" and wanting to know how to present a public key I read the instructions. It started with 'enter you phone number' and I didn't read further.

[Tahoe_Hybrid]

Originally Posted by redpoint5

There's a learning curve for mobile deposit, but it's not a steep one.

I've yet to have a rejected check. I write "Mobile deposit Advantis" on my checks, which seems to be good enough.

It's silly to write that considering the fact that they are receiving it via mobile deposit implies a mobile deposit.

Even more silly is that anyone uses paper checks.

More silly still is that computers that process transactions take nights, weekends and holidays off to rest.

It's like the government wants the USD to be replaced by crypto.

yeah a CBDC

i opted out and bought silver and gold

[freebeard]

yeah a CBDC[Cental Bank Digital Currency]

So much for trustless transactions.

What infornamation did you have to give up to convert to physical metal?

[redpoint5]

Originally Posted by freebeard

Scott Adams clams he can reduce all of economics down to a single page. I don't have a citation.

He repeats things over time, but he's mentioned that exact thing within the last week. The fundamentals of everything are easy, but then those darned details.

Personal finance can be relatively easy when you understand what an asset is, and what a liability is, and then try to maximize the former and minimize the latter.

[freebeard]

He repeats things over time,

Best episode ever was 1875. He woke up late, unprepared, and fell back on a guided hypnosis session. Starts at ?t=744

He puts you under, delivers a generic payload and brings you back.

[Xist]

Believe it or not, I ran across this while reading about insulin prices:

September 9, 2001: Ahmad Shah Massoud, commander of the Northern Alliance, an anti-Taliban coalition, is assassinated by al-Qaeda operatives. The killing of Massoud, a master of guerilla warfare known as the Lion of the Panjshir, deals a serious blow to the anti-Taliban resistance. Terrorism experts believe his assassination assured bin Laden protection by the Taliban after the 9/11 attacks. Expert Peter Bergen later calls Massoud’s assassination “the curtain raiser for the attacks on New York City and Washington, DC.”

https://www.cfr.org/timeline/us-war-afghanistan

I can't imagine that one assassination two days before 9/11 would have prevented the attacks, but if you can ensure some premature detonation, hopefully the next 20 years would have gone smoother.

...and\or following the investments we laid out until say 1996 and then start making these:


Armor, greater mass, higher clearance, and v-shaped hulls. They cost $500,000-$1,000,000, but the U.S. bought 12,000 between 2007 and 2012, potentially costing $12 billion.

Huh.

Three hundred and fifty-eight Americans died in Afghanistan between 2001 and 2006, 117 the first year they had MRAPs, peaking at 498 in 2010.

According to CNN, "Maj. Gen. John Campbell, commander of Joint Task Force-101, ordered this week that the use of Humvee vehicles outside a military base would have to specifically be approved by a colonel" July 1, 2010

That was two weeks before I arrived and I never saw an American drive one outside the wire.

Hopefully it would save some lives.

I like to think I would sell it for the same profit margin John C. Garand got for the M1 Garand.