Best Place To SAVE Your Money | Guaranteed 5.1% Return!
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- Опубликовано: 1 июн 2024
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In today's video, we'll learn 4 places you can park your cash and make at LEAST 4.3% GUARANTEED up to 5.1%.
This is a value packed video which gives all of my SAVERS some options that won't get them killed when compared to inflation.
I want to be clear. These options will get you up to a 5.1% rate of return, but inflation is still coming in just a tad bit higher.
It's still better than earning 0.01% in some savings accounts that are out there.
Watch the video until the end and share it with a friend!
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⏰ Timestamps ⏰:
0:00 - Intro
0:42 - Option 1 - 4.52%
4:02 - Option 2 - 4.3%
6:04 - Option 3 - 5.0%
6:44 - Fun Calculation
8:27 - moomoo spot
10:18 - Option 4 - 5.15%
13:33 - Option 5 BONUS
15:21 - My Thoughts
16:53 - LOL
ABOUT ME 👇
My mission is to provide my viewers with actionable content that enables them to create financial wealth. My videos reflect my real-world experience as a real estate investor, stock market investor, student of finance, and entrepreneur.
This channel allows me to share my passion for personal finance, stock market investing, real estate investing, and entrepreneurship. I produce content that I would want to watch, and because of that, I give 100% effort to every video that I make. I also believe in complete transparency and open communication with my audience.
Subscribe if you are interested in:
#Investing
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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
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moomoo is a financial information and trading app offered by moomoo Techonologies Inc. Securities are offered through moomoo Financial Inc., Member FINRA/SIPC. The creator is a paid influencer and is not affiliated with moomoo Financial Inc. (MFI), moomoo Technologies Inc. (MTI) or any other affiliate of them. The experiences of the influencer may not be representative of the experiences of other moomoo users. Any comments or opinions provided by the influencer are their own and not necessarily the views of MFI, MTI or moomoo. They do not endorse any trading strategies that may be discussed or promoted herein and are is not responsible for any services provided by the influencer. This advertisement is for informational and educational purposes only and is not investment advice or a recommendation to engage in any investment or financial strategy. Investing involves risk and the potential to lose principal. Investment and financial decisions should always be made based on your specific financial needs, objectives, goals, time horizon and risk tolerance. Any images shown are strictly for illustrative purposes.
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A MONEY MARKET CERTIFICATES from PenFed is 4.60 APY
A lot of people have been trapped strongly in the matrix-- Go to school, get a job, and then slave your whole life. Many miss out on life-changing information that could have great effect on their finances. I played with the stock market sometime in 2020, and I was surprised at how well it turned out. I want to put in $80k more into the market. I heard people are making really great returns despite the downturn. Any recommendations?
Yeah, the market can be really rewarding. I've been in constant touch with an Investment advisor for approximately 17 months. These days, it's really easy to buy into trending stocks, but the task is determining when to sell or hold. That's where my advisor comes in, to help me with entry and exit points. So far I've accrued over $337k from an initially stagnant reserve of $148K all within 18 months. Information, indeed, is power!
True. I first came across investing in the market in 2019. Already stashed about $80k in savings then, and the free money from the Government was pouring in, increasing inflation rate. I just got an advisor and kept the money there, just because I didn't want to keep the value of the money depreciating in the bank. To be honest, it's the best investment decision I've made since then.
@@ericmendels Is there any chance you could recommend who you work with? I've wanted to make this switch for a very long time now, but I've been very hesitant about. I'll appreciate any recommendation.
I'm not really one to give financial advice on the internet because I believe everybody's situation is unique. The person I work with Sharon Louise Count, and all I can say is that she's really great.
Thank you. I'm definitely gonna check her out. Any idea if she manages family fund too?
I am new to the stock market. Every stock that I bought so far, I was out of luck because I bought them when they were expensive. I feel I missed out on all the stock opportunities so far for the tech stocks.I believe having 150K yearly income would be a good investment so I want to plug all my savings into the stock market. I know this sounds a bit dull but I would like to know if I should learn investing or let somebody else (more capable like a FA) do it for me? Please share your thoughts. I am kind of tired of searching for a good stock to buy and losing all the good opportunities
Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again.
please who is the expert assisting you and how do I reach out to them?.
Thanks for sharing, I looked-up *KATRINA VANRENSUM* and went over her site and she seems pretty tight so I've booked a call.
Interesting , the stock market is currently experiencing a decline while bond yields are on the rise. However, there seems to be skepticism amongst investors regarding the Federal Reserve's plan to continue increasing interest rates until inflation is stabilized. As for myself, I find myself at a crossroads, uncertain whether to liquidate my $250,000 stock portfolio. I'm seeking advice on the best strategy to capitalize on this current bear market.
Whether you are getting 4% or 5% from a CD, treasury direct, or aftermarket treasuries at your brokerage of choice, the important thing is that you don't let banks effectively steal from you by paying .001% interest on your savings. Good video as always Marko.
100% go check out my tweet from last week. Some guy had $250k in a 0.01% savings account and was happy
@@WhiteBoardFinance i seen a bank in California paying a 6% cd
Bank of america. I opened a saving account with them when i didn’t know better. I put $25k in there and get barely anything from it.
Great Point STEVE! I try to tell people this all the time!
@@WhiteBoardFinance I have a friend with over 300k at a local credit union paying 0.2% - I keep telling them that its literally a rip off but the whole no physical branches in the local area is whats keeping them from switching to an online one. I have accounts at many online institutions... they are FDIC insured and thats all i care about.
The failure of Silicon Valley Bank has torn into global markets, with investors ripping up their forecasts for further rises in interest rates and dumping bank stocks around the world. I'm at a crossroads deciding if to liquidate my dipping 200k portfolio, what’s the best way to take advantage of this bear market?
I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with an advisor. In a nutshell, i've accrued over $850k with the help of my advisor from an initial $120k investment
@@gagnecaron658 I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?
investors should be cautious about their exposure and be wary of new buys, especially during inflation. Such high yields in this recession is only possible under the supervision of a professional or trusted advisor.
@donald James Fletcher Brennan is who's service i make use of, he's the most professional, look him up
@@gagnecaron658 i just looked him up and reached out to him through his web, thanks for sharing
One of the most underrated channels on YT.
Great video Marko! Do you know if any of these banks allow foreigners to open an account/cd?
Just found this channel. I appreciate all the great info provided. CLE shout out!! ❤
enlightening Marko!
Great video!
Thank you for sharing.
Is there backup withholdings on CDs?
I love cd's right now but capital one will never get my money. Neither will Wells Fargo or Citi. I take the small rate loss and try to do local banks first then bigger regional banks then finally online banks, all while trying to avoid opening more bank accounts. It's fairly easy to get mid 4% interest at a number of local banks. If I go to online only I can push almost 5% and actually feel good about where I am buying the CD from.
The tidbit about the jacked up dude 😅. The freedom part got me rolling lol.
Lol 😂
Do you know the etf counterparts for the vanguard funds. Thanks!
As always, great content. I didn't realize money markets had those high yields.
Always look forward to your videos!
Glad you like them!
I like your finance content and you are hilarious. I thought the bit about the model was spot on. And, yes, I use your investing advice. Keep up the good and entertaining work.
Thanks for watching!
That’s a great way to make 5%thanks Marco
@WhiteBoardFinance from Cleveland, with love. THANK YOU THANK YOU THANK YOU!
Can I do this on fidelity?
Are these brokerage CDs? Should I avoid brokerage cds? I have about 10 to 15000 I would like to park somewhere INSTEAD of putting a chunk in my Roth? I like 5% guaranteed interest vs my Roth performance. What are your thoughts on that strategy or keep adding to the Roth over a CD in the current marker? Many thanks!
Yo Marko stopping the money talk to talk about the jacked dude had me in tears.
You can learn so much that will help you in life more so than 4 years in college.I wish you well and youtube were around back in the day.Enjoy your videos and your sense of humor thank you!!
what camera are you using becuase wtf! super clear !
Marko I want to make a correction on T-bill interest tax implication you said. Interest is taxed at federal but not at state/local level.
Correct I realized after recording I said it in reverse
I watched the beginning of the video entirely too many times, that was too funny! Dude is jacked
What is the fund your money sits in a vanguard Roth IRA? It says settlement account but I don't have 3k in there.
Is Telco credit union safe these days.? TXS
Your sense of humor is the best part of your videos 🤣🤣🤣
What of parking money in a whole life policy?
I like your witty humor Marko 🤣🤣
Awesome breakdown. Couldn't have made it simpler
Glad to hear it!
God I am so glad I found this channel please never stop bringing this value!!!
As a dividend investor you still have to keep in mind that while you are earning good dividends, the value of your shares could plummet and if you then needed the money, it wouldn’t be there like it would in a savings account.
Can you do a video checking out Compound Banc? They claim 7% apy with compound real estate bonds. Thanks!
Yes help save more money marko this channel F....INGGGG GOLD
I like the return on the 8 month T-bill 💪🏽👍🏼👏🙌🏽💵🔥🇺🇸
incredible video again that I plan on sharing 👍🏼
Awesome thank you!
These bonds don’t show in robinhood will try in Fidelity. I did buy some treasury bonds with 4.5% 30 day yield. But bond price also goes down like stock so is 4.5 guaranteed monthly or yearly I m confused brother
Gotta drop some 'Shot Calla' on the tbill drip lol
Marko - Is it wise to put all of your emergency savings at Third Federal?
It’s up to you. I wouldn’t say it’s unwise. It’s easily accessible
Marko cracks me up 😂love his soft humor 👍🏼👏🙌🏽💪🏽
Hey Marko, love your content. I'm in NE Ohio and don't see that rate anywhere on Third Federal's website?
you have to open up an online account and it's one of the options. It's not on the main website
@@WhiteBoardFinance
How do you ope. The on line account. Thank you.
Marko give us more info on Reits please 👍🏼👏🙌🏽
i have a good amount in 4 weeks notes sitting right now waiting for some opportunities, what would happened with those notes, if us wont increase its debt, and it defaults
A little too late Marko, I just opened an Ally account. Now I have to consider better options 🙄.
Thanks for sharing all your knowledge with us, always in need of financial advice.
Always listen to my buddy Marko - he is spot-on!
Thank you Bob hope you’re well my friend!
Solid video, I have been saving roughly $10K of emergency in my capital one account and thinking of switching to Alley. However, it is just best to have money working for you if you are not spending it or planning to spend it. Inflation is devaluing your dollar if it is sitting in the bank so for the love of Gd.. DO SOMETHING, ANYTHING with it.
I'm thinking of doing the same is there a reason why you will choose Ally Bank vs other options? Looking to move my money out as well.
10:41 - 👍🏽👍🏽 facts
I’m always coming back to your older videos to refresh my knowledge and help me invest 🙏 🙇♂️
I appreciate that!
M1 Finance is supposed to have a 4.5% cash savings account coming out sometime this year....
Hahah, this is why I rocks with you. Shouts out my city (Houston), playing Lil Troy "Wanna be a Baller"
Great video, Marko! You are super genuine and I always appreciate your content!
I appreciate that!
0:11: 💰 Learn about four or five places to park your money and get a risk-free, guaranteed rate of return.
3:22: 💰 The video discusses the average returns and benefits of investing in a money market fund and an online bank.
7:11: 💰 The video discusses the potential returns from investing in a Capital One CD with a 5% interest rate over 11 months and provides examples of the yields for different investment amounts.
10:35: 💰 This video discusses the benefits of investing in risk-free government bonds.
14:09: 💰 There are several banks and credit unions that offer higher interest rates on savings accounts and CDs compared to Third Federal.
Recap by Tammy AI
Thank you for the great information. Your videos are very educational, and help me decide for much better options on where to allocate my $$$.
Great to hear!
Muh freedumsss lmaooooo🤣🤣🤣🤣 gimme dat moneya💰
Love your videos! Thank you! Can you tell me how cash is king but saving is for losers? We are in a weird time right now are we?
Savers are losers to inflation being greater than any savings product available right now. They are losing purchasing power to inflation.
I will throw in another option. You can open an account with Varo Bank and get a 5% APY on up to $5000. You do have to meet some criteria (direct deposit) but I think it is a good deal.
Always great content with spot on timing. Thank you man, always looking forward to your videos
Glad you like them!
So for VMFXX you get 0.40% , 3yr, after taxes? Am I reading that right? 🧐
I may be missing this but I can’t find the savings plus account on third federal, it’s only showing me savings accounts at 1% give or take
You have to go into setting up an account and then choosing the 4.3% account. It’s there just not on the main site. It’s a pain in the butt to be honest
@@WhiteBoardFinance I gotcha, I’ll try that way, thank you! Yea it’s like a hidden feature lol
Thanks for a great video. Minor correction: We need to pay Fed tax on TBills. We don’t need to pay state tax. U had it reversed.
Correct I do this live on the fly and realized that after the fact
Nice jacket. I appreciate your professional appearance.
I have an online-based savings account that pays 5% interest on balances up to 5k and 3% for balances over that, and its fee-free. I use it for my emergency fund and saving for large purchases.
much better options if you have more than $5k
I'm all in on treasury bills, been doing good😄😄. Thanks for that video on Tbills few months back marko👍👍.
Glad to help
Are you inviting in savings bonds or t bills?
@@mustaphan9121 T Bills
Great video. As a way of earning passive monthly income these are great options.
Welcome
Great video. My old brain is learning. Do you have a video on...... SING IT..... Fees, Fees, everywhere there are Fees... Blocking up my money and messing with my mind........ How can we understand them and avoid them. Best places/investment platforms to park my $$$ and avoid all the fees.
Buy real-estate
Where is the white board?
Love these videos ❤. Im gaining so much knowledge 🎉Thats invaluable. I’ve been studying a lot. Im ready to move forward, now where to invest my life savings and diversify my $60. 😢 spreading a little thin 😅
Marko is cash 💵 flowing heavy with T-bills 💪🏽👍🏼👏🙌🏽damn bro !!
Aye I still dollar cost average into stocks and bitcoin every week. This is the cash portion of my portfolio
What's up Marko! Been a while since I watched your videos.
Welcome back! I post every week bro you’re missing out!
With your joke you actually got a like :D
Can treasury direct be used by non-us citizen?
Four week T-bills are giving 4.6% today.
I just saw the same guy in an E Trade ad!
Treasuries great right now for parking dry powder! Break it it down Grandma😂
Marko - two things - 1) For some, muni funds might make more sense due to the tax free status, especially in a high-tax state like CA or NY. 2) Another option is agency bonds. Even with the RE crash, they still held their own and are considered pretty safe. I believe they are fed tax exempt, too. I see many with a YTW of 5.3%+ (on 3/6/2023). They tend to be longer duration and are sometimes callable, but it's another option.
Thx for sharing and agreed 👍
@@WhiteBoardFinance I love the tax free idea, but don't muni funds typically decrease when interest rates increase?
I wish i can have same type of video for Canadian investors ? - like which t bill here i can go for ?
Correction* T-bills are subject to federal income tax, but exempt from all state and local.
Correct my mistake I said it backwards
UFB direct
Lol lol that dude is jacked. He works at the fidelity fitness center 2
Serious signing 😂
Haha love the based comments Marko! Don't worry, people who are fiscally responsible generally lean that way, so you're not losing any subscribers!
Credit unions have 5+ percent cds, but yes locks it up.
Which credit union. Thank you.
Done signed up last night 30k in Capital one 11 month very very easy to do
How did you sign up. Did you go to the bank? Thank you.
@@godnestgodest6265 online
How do I find it on line.. Thank you very much 😊
thank you whiteboy finance
You're welcome
Treasury direct baby !!! Double down!!
Im pretty sure Tbill interest IS federally taxed, but NOT taxed locally. I think Marco got it backwards?
Yes meant to say opposite you are correct
that day when you open up marko's video and he talks about a jacked model in the first 2 mins... you know it's gonna be guuuuuuuuud
😂
I couldn't stop laughing after you pointed out acton Jackson
People always make the same mistake when they tell you loose money due to inflation...that is a use car dealer speech..
The power of negiociation will make you save 30%...40%...when you pay cash......
Waiting for 5 yr CD at 5%. Should hit that level soon. Lock in and watch those same instruments drop to 1% in 2 years or so.
Can you advise on how to beat inflation?
By investing long term in the stock market that’s how.
@@boodles07 Thanks but that doesn't work for me as I'm retired and don't have long...Any other suggestions?
@@jjjohn5914 Nope. There are not many financial ways to beat inflation without gambling or investing long term. The best hedge against inflation is a higher paying job.
15:23 your incorrect you pay federal tax not state of local on the t-bill
You got it backwards. Treasury bills are Federally taxed but not State/local.
My index fund is consistently getting 7.75 return
I am glad you don't sell that fine arts thing like some bozos do. Thanks for the information.
How is this better than just having it in a regular money market account? Ally does not charge any fees and there is no minimum.
T-Bills are subject to federal tax, but not state and local income tax.
correct