Forum Overview :: Wall Street Kid
 
Yes, just put it in Vanguard. Savings accounts are for chumps. by blackwater 10/14/2018, 3:18pm PDT
A "savings" account that gives you a lower return than inflation is a fuck-you account, not a savings account.

And yes, unfortunately, you are probably stuck with stocks as your main investment. Municipal bonds are a sucker's game. The state and local governments that issue them can and will go bankrupt. Junk bonds are looking like they'll probably live up to their name. Cryptocurrencies are basically penny stocks without even the pretense that the company will ever produce a legitimate product or service. And they're taxed the same way as stocks now. If you try to play in the stock options market you'll get run by the pros like a squirrel on the highway.

Some people are gold bugs, but it never made much sense to me. Physical gold can be useful. Like people escaped from Nazi Germany or behind the iron curtain with gold sewn into their clothes. On the other hand, a paper instrument like a gold ETF will do fuck-all for you if the shit hits the fan.

If you are super-conservative you could invest in T-Bills, but you should really only do that if you are about to retire or make a big purchase.
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Is anyone buying mutual funds? by Nostromo 10/13/2018, 10:07am PDT NEW
    Re: Is anyone buying mutual funds? by E. L. Koba 10/13/2018, 12:53pm PDT NEW
    Start an IRA, possibly with Vanguard by Rafiki 10/13/2018, 4:35pm PDT NEW
        Seconded NT by Mysterio 10/14/2018, 8:35am PDT NEW
        Yes, just put it in Vanguard. Savings accounts are for chumps. by blackwater 10/14/2018, 3:18pm PDT NEW
 
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