Investing, Stock Market and Retirement Planning Thread

Postby **Beveridge** » Fri May 10, 2019 12:07 pm

Single Stocks...

YouTube · Postby **mikey** » Fri May 10, 2019 12:10 pm

I'll let my aggressive 401k make money for me long-term...I'm just dickin around because it's fun with this...it's basically just offseason fantasy football for me...

Postby **MrKennethTKangaroo** » Wed Jun 19, 2019 8:49 pm

Good take by the fed to leave rates unchanged

Postby **Shyster** » Wed Jun 19, 2019 10:10 pm

For those with Marcus by Goldman Sachs online savings accounts, are you still happy with them? I just recently ran across the concept of the online high-yield savings account, and Marcus seems to be one of the top-rated choices. I have around $30,000 in emergency/vacation/future car funds in a savings account that is currently earning jack squat in interest, and it seems like a good place to park that money. I was also looking at American Express's online savings account. It earns slightly less interest, but I already have an AMEX card and could manage the account through the same web page.

Postby **NTP66** » Thu Jun 20, 2019 6:19 am

For those with Marcus by Goldman Sachs online savings accounts, are you still happy with them? I just recently ran across the concept of the online high-yield savings account, and Marcus seems to be one of the top-rated choices. I have around $30,000 in emergency/vacation/future car funds in a savings account that is currently earning jack squat in interest, and it seems like a good place to park that money. I was also looking at American Express's online savings account. It earns slightly less interest, but I already have an AMEX card and could manage the account through the same web page.

I've been with them since they were called GS Bank, and love them. Quick, easy transfers, no charges for wire transfers, and an always upward trending interest rate. They either match or beat the other banks when rate increases happen. The only negative is that they have no connector for Quicken, but really, that doesn't matter at all in the end.

Postby **MrKennethTKangaroo** » Thu Jun 20, 2019 8:29 am

For those with Marcus by Goldman Sachs online savings accounts, are you still happy with them? I just recently ran across the concept of the online high-yield savings account, and Marcus seems to be one of the top-rated choices. I have around $30,000 in emergency/vacation/future car funds in a savings account that is currently earning jack squat in interest, and it seems like a good place to park that money. I was also looking at American Express's online savings account. It earns slightly less interest, but I already have an AMEX card and could manage the account through the same web page.

Just a quick glance indicates that AMEX has a rate that is 0.05 percentage points lower than Marcus. Ultimately, that is like $15 a year on an account of $30,000. So I guess you have to ask yourself is that extra $15 worth the price of having to go to another web page

Postby **DigitalGypsy66** » Thu Jun 20, 2019 8:56 am

Yeah, I'm a newer Marcus account holder (because of this thread lol) and it's excellent. I had a similar amount of money in a bank savings account, earning nothing in interest. I made more in interest in the first two months in the Marcus account than I had in YEARS in the other account.

Postby **willeyeam** » Thu Jun 20, 2019 9:59 am

sold SNAP the day before it ran up 10% this week. That was fun to watch. Still made about 20% in it but that hurt a little

Postby **Dickie Dunn** » Thu Jun 20, 2019 10:23 am

**** Beyond Meat. This market is dumb.

Postby **MrKennethTKangaroo** » Thu Jun 20, 2019 10:44 am

at least beyond meat is a tangible product

**** wework or wecos or whatever ****** name they use

Postby **Tomas** » Tue Jun 25, 2019 12:24 pm

For those with Marcus by Goldman Sachs online savings accounts, are you still happy with them? I just recently ran across the concept of the online high-yield savings account, and Marcus seems to be one of the top-rated choices. I have around $30,000 in emergency/vacation/future car funds in a savings account that is currently earning jack squat in interest, and it seems like a good place to park that money. I was also looking at American Express's online savings account. It earns slightly less interest, but I already have an AMEX card and could manage the account through the same web page.

https://www.wealthfront.com/cash

I think that is 0.25% over what you're looking at right now.

Postby **LITT** » Tue Jun 25, 2019 12:47 pm

For those with Marcus by Goldman Sachs online savings accounts, are you still happy with them? I just recently ran across the concept of the online high-yield savings account, and Marcus seems to be one of the top-rated choices. I have around $30,000 in emergency/vacation/future car funds in a savings account that is currently earning jack squat in interest, and it seems like a good place to park that money. I was also looking at American Express's online savings account. It earns slightly less interest, but I already have an AMEX card and could manage the account through the same web page.
https://www.wealthfront.com/cash

I think that is 0.25% over what you're looking at right now.

whats the catch here?

Postby **DigitalGypsy66** » Thu Jun 27, 2019 2:22 pm

Just got an email that my Marcus account's interest rate is dropping to 2.15% from 2.25% tomorrow.

I am sad.

Postby **NTP66** » Thu Jun 27, 2019 2:28 pm

Damn, so they’re following Ally going backwards, too. That’s a shame. I guess it’s time to look into some alternatives (Wealthfront, perhaps).

Postby **LITT** » Fri Jun 28, 2019 7:38 am

how easy is it to access cash in these accounts?

Postby **NTP66** » Fri Jun 28, 2019 7:44 am

I use them (Marcus, currently) as secondary accounts, linked to my primary credit union. Transferring money between the two is a 2-day max waiting period, so it’s pretty easy to access in my scenario.

I may just move a large portion of my cash to a no penalty CD, since rates on them are decent.

Postby **DigitalGypsy66** » Fri Jun 28, 2019 8:53 am

I have it linked to my main checking account. Direct deposited from my paycheck.
I also added it to my Paypal, so I can use it on stealthy purchases from time to time.

Postby **Tomas** » Fri Jun 28, 2019 11:14 pm

Damn, so they’re following Ally going backwards, too. That’s a shame. I guess it’s time to look into some alternatives (Wealthfront, perhaps).

Despite falling interest rates, Wealthftont just RAISED their cash account rate to 2.57%!

I have Amex savings myself, but I am tempted now to give Wealthftont a try...

Postby **MrKennethTKangaroo** » Tue Jul 02, 2019 11:00 pm

@tomas

Ecb may be cutting rates again even though they are already negative

Are we all dead people becuase central banks have no alternative or is everything going to be ok

Postby **NTP66** » Fri Aug 16, 2019 7:47 am

My old pension account completed its transfer to my 403b yesterday. Good timing, given the current state of the market.

Postby **NTP66** » Tue Aug 27, 2019 2:56 pm

Just got an email that my Marcus account's interest rate is dropping to 2.15% from 2.25% tomorrow.

I am sad.

Marcus just dropped their rate to 2.00%. I was on the fence when they dropped last time, but I'm moving on now.

Edit: Jumping on Discover Bank's $150/$200 promo since it's stupid easy (link). I'll figure out where to park my money once this is done. I may just jump on the bank account bonus trend provided that they don't require DD.

Postby **Ted** » Tue Sep 10, 2019 6:39 pm

California fixing to re-order the gig economy is going to make UBER one heck of a turd stock.

Postby **NTP66** » Wed Sep 11, 2019 7:58 am

Anyone here use the subscription-based Quicken app? I'm still on Quicken 2017, with transaction downloads ending early next year, so I have to switch. I'm curious to know how the new app performs.

Postby **DigitalGypsy66** » Mon Oct 07, 2019 9:36 am

Marcus now down to 1.9%. How low will they go?

Postby **NTP66** » Mon Oct 07, 2019 12:27 pm

Marcus now down to 1.9%. How low will they go?

I immediately pulled my cash out and opened a Citi account for the bonus money. I still have a no penalty 2.25% CD with Marcus, but once that matures, I'm out.