⁉️ Does this sound familiar:
You've got some money sitting around in cash and you want to invest it and make a decent return.
💭 you don't want to tie up your money too long
💭 you don't want to lose it
Are there opportunities that even exist in today's low interest environment for short-term investing?
There are a ton of you that are in this same situation with money sitting in cash- but you don't know what you options are.
Today I am going to talk about this very topic in response to a reader question I received.
💻 My reader, Tien asked "What is the best thing to do with my money for short-term grown when I still want accessibility?"
I offered a few tips for Tien:
✳️ Even with low interest rates, keep enough in savings for emergencies
✳️ Don't be tempted by short-term growth
✳️ Peer-to-peer lending is not a short-term investment
✳️ Exchange Traded Funds (ETFs) - They are low cost and offer a variety of options. Keep an emphasis on short-term bond ETFs in the 1-3 year range.
You can get all the detailed information on each of these options in the video. 😉
➡️ You can start your Betterment account here: https://www.goodfinancialcents.com/resources/betterment-youtube-invest-10k.php
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For short term investing I have been using Treasury Direct and investing in 4 week and 8 week treasury bills, there are no fees! Have been getting about 2.3%. The bonds mature in 4 to 8 weeks so if I need the money I don't have to wait very long.
+Wealth Hacker - Jeff Rose well I've been in this for more than 4 years, dont phase me. It's part of it. It was too hyped and honestly overvalued. Now, we are at a price point that makes sense for most crypto projects.
Hello Jeff, thank your for your advise. Question, I already have a financial adviser (she works for Ameriprice), Should I trust everything to that person? Yesterday I opened an account with lending club and Robinhood, but I have a feeling that was not very smart. Should I close this accounts? can I? since I already gave my bank information.... Thanks
If they went to community college and have a cheap car it's not that difficult to pay off your loans. I have a degree, a house and a car with ZERO debt. They only thing I'm looking into right now is generating 2000$ per month in passive income so that I can live in Thailand comfortably.
YOUR ACTIN SMUG "dropinnnnnng in im an investment banker a.k.a asshole!....ads for his company's products....,,,FIX IT MONEY IS a dangerous commodity don't trust sme jackass with a just outa college look............buyer beware
ETFs are a joke because when SHTF they will not have the physical they claim. Reports have shown that there is 1000/1 or more paper to physical asset ratio. The unlimited issuance of worthless paper metals is the primary reason that the price has been suppressed (manipulated) so unrealistically and for so long. Paper trades in metals are being made that cannot possibly be backed up by physical metals. It's all fake and total manipulation. It's like "Hey I need 5 million ounces of Gold. No problem I can issue you the paper today." When it takes years for the US to honor their return of German physical Gold. Am I missing something here?
Not sure. At some point the ETFs will fail because they are fraud. I'm not sure if the market is even predictable on a rational level as there is so much manipulation and bubbles are everywhere. The cycle is past due for a major correction for sure. Just like in 2008 there was zero warning from most "experts" and the masses were totally blindsided. The money powers (banking elite and friends) have the ability to print (without limits or disclosure) unlimited amounts of paper notes and with those (most are actually key strokes and not even printed) are able to buy anything and anyone and manipulate any markets they want with massive buys and sells. I believe the market will see a massive correction within a year (more likely sooner). I would not do anything for 2 or 3 years right now. By the time one counts real inflation, 5% annual gains aren't worth the risk and liquidity may be a life saver.
Great video Jeff. Love the short-term bond funds because they lose their value less than longer-term bonds as rates rise. Definitely don't want to be in those LT bonds if you're not holding to maturity.
This is a bit of a selfish question. I saw your name being mentioned on Brian Dean's video a few times.
I'm having the EXACT issue as you.. great content but no subscribers. What is one piece of advice you can give me in order to start gaining more subs. I know my content is good but just can't seem to pick up steam! (I help people build Amazon FBA businesses)
I appreciate your time!
Such low interest rates for way too long, somethings got to give.. I know higher interest is not as favorable for equities, I love the markets but I'm a saver too. The best rate I can find to date is 1.5 high yield Marcus acct at Goldman.. Betterment 👍
how much cash just laying around we talking about, $5000? go to vegas and bet on a sporting event, let's say football, bet on the favorite to cover or the underdog + points and win $4500 and you get back your $5000 for total payout of $9500, if the points come out to a tie(push)you get your $5000 back and get out of there, but you have to win your bet and its done in about 3 1/2 to 4 hours, now that's short term.
awesome, I got clicked back by the host, how about this Jeff? again sports gambling, but a fighting sport boxing or mma, same amount $5000 of spare cash, but the risk/reward result is faster, boxing is 30-36 minutes(10 or 12 rd) and mma is 15-25 minutes(3 or 5 rd) now let's be "safe", wager only half $2500 on the favorite or the underdog or the over/ under on total rounds, now you need to win your bet and don't parley or teaser your wager, all your doing is increasing the risk to lose that $2500, now you win your bet and the money line might vary but the sports book gets their standard 10%, you get back your $2500 you win $2250 and the $2500 held in reserve is a total of $7250, much less time than a football game, high risk short term investing and if you get a draw(push)you get your money back and run out of the casino with your $5000, a safety tip.
Good stuff, Jeff. Never tried betterment or that other micro real estate investing site - the name escapes me at the moment. Definitely will need to look into them. I’ve been there in your position with the GE stock. But sometimes being financially disciplined is saying no and you losing out on a nice return. But all in all, I’d say you’re up overall. 😉
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