The new policy, while currently challenging to the stock market overall, could prove beneficial to Financial stocks. If you're not who understands strategies to invest in this volatile market, seek a Financial advisor to guide you

Apt!! I was self managing but suffered heavy losses in 2022 and i knew i couldn't continue like that, so i consulted a fiduciary financial advisor. By restructuring and diversifying my $620k portfolio with dividend-paying stocks, ETFs, Mutual funds and REITs, I significantly boosted my portfolio, achieving an annualized gain of 30%.

nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?

Vivian Carol Gioia is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

I find this informative, curiously explored Vivian on the web, spotted her consulting page, and was able to schedule a call session with her, she shows quite a great deal of expertise from her resume.. very much appreciated

You have to get a financial-advisor/broker to aid you diversify your portfolios to include commodities, inflation-indexed bonds and stocks of companies with solid cash flows, as opposed to growth stocks where valuations were based on future potential earnings,

@@sheliaswelttk2535 Very true , I diversified my $250K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $450k in net profit across high dividend yield stocks, ETF and bonds in few months.

@@williamskohler8337 How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.

@@gabriellewilson5625 well, credits to Tracy Helene Aalvik, one of the best portfolio manager's out there. she's well known, you should look her up

@@williamskohler8337 This recommendation literally came at the right time, I dipped by $11k in stocks last week alone. Its crazy! I just looked up Tracy Helene Aalvik online and researched her accreditation. She seem very proficient & I wrote her detailing my Fin-market goals . Information they say, is power. Thanks for this.

It's all supply and demand. When u deposit into the bank, you are not only lending them money but u demand them to give u financial service that they take care of ur money. That's why banks don't pay much cuz their service nullify the cost of borrowing ur money.

You lend to the bank at 0 risk, since the deposit is insured and tight regulations govern the banks. The bank loans out money at various levels of risk, even very high sometimes. They need to be compensated for taking on such risks. If you also want to get yield, you need to play by the rules: buy riskier assets such as bonds and get a return proportionate to the risk you choose.

@@magahongkong4664 yes I understand but .16% interest? that seems a little low

@@ldIezz Again, supply vs demand. You don't have to borrow from the banks. You can pay things with cash. Banks don't have to borrow from you cuz there are someone else who demands bank service for book keeping their account and give them cash whenever they want. Think about it, if u hire a bodyguard to protect ur money, that costs a lot. The banks do that in the wholesale method. They hire 1 team of bodyguard to protect billions of customers' funds. Same as book keeping. Hiring 1 team to take care of billions of people worldwide. Buying a few machines to keep track of crediting rating, solvency, risk...Who said u have to borrow from them? You can choose to work ur a$$ off and collect cash then spend later. Similarly, with small new banks, they have higher demand so they offer customer deposit w/ higher interest so they could get their hands on the funds. But smaller banks will do dangerous things while big banks like Citi, Wells, JP Morgan...would be safer choice for consumers. I admit after many financial crises, banks merged into megabanks like today caused monopoly pricing but on the hindsight, because they merged, they could do more wholesale which makes them safer because they will always generate revenue in a safer way instead of dong some risky things like small new banks.

@@wbay3848 no, banks raise payouts to compete for deposits. When cash is abundant, you have no incentive to pay yield.

I agree with you. Investment is the key to sustaining your financial longevity. And not just any investment but an investment with guaranteed return.

you've remind me of what someone once said "The mind is the man, the poor is in it and the rich is it too". This sentence is the secret of most successful investors. I once attended similar and ever since then been waxing strong financially, and i most tell you the truth..investment is the key that can secure your family future.

Yeah investment is the key to sustaining your financial longevity but venturing into any legitimate investment without a proper guidance of an expert can lead to greater loss too

exactly! That's my main concern and what kind of investment can someone do with this increase economy turndown

Hello, please what exactly kind of investment are you talking about here, I'm really interested too

Me too

Ally Bank, online bank, also 3%

same, but with Discover

@@julm7744 I was hoping somebody would responsd with this. We even both agree that inflation is at least 8%. Although it's probably much higher. The gov't inflation numbers are low estimates because they don't want pensioners to find out how little money they're getting in subsequent years. Yes I think your strategy of shorting stocks is a great idea in this environment! But I just buy some gold and play it safe. Gold always beats inflation and always holds its floor during a depression. I would love to learn about how to get into the stock short market though. A lot of companies are going to plummet in a higher interest rate environment.

@@julm7744 not everybody has the time to take care of these things after a full week’s job. And some are fine with their 100k 200k/yr high responsibility high intensity jobs + buy a handful of flats to rent out + upcoming pension to support them for life.

It’s precisely at times like these that investors need to be on guard against the next certainty. You don’t have to act on every forecast, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.

I agree. Based on personal experience working with an investment advisor, I currently have $385k in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.

I’m new to all this, heard it's a good time to buy and basically I've just got cash sitting duck in the bank and I’d really love to put it to good use seeing how inflation is at an all time-high, who is this coach that guides you, mind I look them up

@@watchingtariq4637 Sure, the investment-advisor that guides me is Eleanor Cecilia Schnell, she popular and has quite a following, so it shouldn't be a hassle to find her, just search her

Thanks, I merely looked her up on Google and was highly impressed by her credentials; I got in touch with her because I need all the help I can get. I just set up a phone call.

Misinformation and lack of financial education leads to negative thinking..Have an investment strategy.

Banks will pay you 0.1% on your savings account, but pay their shareholders a dividend yield of 3.5%....Now tell me savers are winners

if you are not on the Fin markt space now you are making a huge mistake, i get it can be due ignorance but if you want to make your money work for you, to prevent inflation from eroding your savings, to build generational wealth and to cultivate good habit and financial knowledge

How can one find a resourceful FA, I buy the idea of employing their services, its a shame market crashes as of late have become a sort of habit for stocks

Buy STONKS!

Raid Shadow Legends? All the billionaires play League of Legends!

​@@stapleman007Billionaires don't play video games.

Nah we have to completely abolish the Fed for saving money to ever come close to making sense

For Now.

I've had an online savings account for 18 years. They actually paid up to 6% back then. It's the only way to go. Some of them take 2 business days to get the money back to your credit union so keep that in mind and don't leave yourself too thin.

Just a heads up. The interest rates will vary over time. Ally bank used to give me 3% interest. Then, for a while, it was only 0.5%. Now, it's 3%. This was without getting a CD. Like the person mentioned here, interest rates were way higher in the past. It sucks now, but it's way better than 0.01% from BofA.

You might also consider an ETF like BIL which holds short-term debt issued by the US Treasury and currently pays a 3.2% yield.

Saving rates used to be fixed at 5.25%, obviously inflation was higher then that and this was stable economy, now people panic when inflation goes above 0.5%.

@@trivalentclan-mizar9591 Yeah, that sounds right. Thanks for helping my doddering old memory.

huh, what do u mean?

Exactly

Truth. That would have been a very short video. 😉

For 4 minutes, it's a pretty good explanation of why and informing people of other options. What more do you want them to do?

Before you put any money in CIT Bank Google their reviews. I was going to but got cold feet after reading their reviews.

@@Troy_Built I know that they aren't fantastic, but I simply put a chunk of money into the 18 month CD, and I will be sure to pull the money out when the 18 months is up so nothing auto-renews. I won't be adding or withdrawing any money to the account, so I don't really care about how great the company/user interface is. The only risk I'm taking is some difficulty getting my money out at the end, but I've marked my calendar a month before it expires so I have time to sort things out. It was the best rate I could find at the moment, and it made a large difference in the return. I wouldn't recommend CIT for anything other than a low maintenance account like a CD.

Good luck wasting the interest on outgoing wire fees to get your money to a real bank.

@@corvettez0695 not really an issue considering how big the return is lol

you can do the same or better if you buy through your brokerage account instead. probably safer as well given the reviews I've read about some of these banks. I was looking at high yield savings accounts and the bad reviews (and everyone saying get a short term Treasury Bill instead), I got cold feet and just bought a CD from a bank through my Fidelity account. 4% interest on a 3 month CD. FDIC insured and everything. all of the brokers seem to offer this, I would look into it if anyone wants a CD. An 18 month CD is currently 4.85% from a few of the banks. I don't want to tie my money up that long though because I think interest rates are going to keep going up. Of course I'm still losing to inflation, but all of my investments are losing more 😂 .

BIL is nice. I'm just keeping mine in SPAXX right now. Something about the fixed NAV makes me feel better about my emergency fund.

😊😊😊😊

Discover is an online bank too. They don't have physical branches. The banks referred to here are ones that have physical branches, like Chase, Bank of America, Wells Fargo, etc.

I forgot about Current in my post on how to get 4% interest. For a long time they were the best interest payer relative to amount they'd pay on. I have a Current account for my wife and myself maxed out. Current doesn't compound on interest over the $6k limit, and while Current is FDIC insured, their accounts don't have joint tenancy or the ability to declare a beneficiary so if the owner dies, the account has to be handled through probate.

Current is perfect for your 3 month emergency savings. it’s 100% liquid, gives 4%, but only up to $6k so it’s perfect for your rainy day fund

You put that in really simple terms. Thanks.

mine give approx 7%

Exactly why my bank account is a local bank paying me next to no interest. I put so much of my income into my 401k that whatever money I have in my savings is enough for emergencies which I want to be liquid. That’s just where I am in life. I do have other investments but I am not going to chase 4% when so most of my money is earning 8-10% year over year.

The rate on a savings account will always be below inflation. If that is ever not the case brace for impact because things will get very bumpy.

Morgan Stanley Private Bank (through E*Trade) offers 3.25% APY right now

Check out doctor of credit for where they have high rates and/or bank bonuses for opening an account

Ratebrain has a simple list of banks and their rates

T bills are currently the best, even four week T bills are paying more then any bank CD of any length.

It really depends on the credit unions in the region. But generally my experience is that they are willing to maybe be loosed with give you a credit card with not much credit history, but at the time, Chase was 0.01% and my credit union was like 0.02%.

You’re right, T Bill ladder beats all the bank interests including bank CD rates.

Hopefully no one, but you gotta store money somewhere and 3.5% is more than 0.16%

I maxed out an account @ 250k. I'm getting 3% APY, until I find the right investment opportunity 🤷‍♂ My stocks are down 20% smh. I'd say it is a safe temporary move, which pays my utilities & car insurance.

@@jaimel8219 my parents have always been believers in buying what you can see, invest in what’s in front of you, worked pretty well for them. Might not be the optimal solution to maximise earnings , will never get you millions, but recession or no recession their houses are renting for more than they can spend…

I was looking for something like this. Banks use our deposits as some sort of reserve that allows them to use the ledger the Fed provides. At least that’s my understanding.

This. Thank you!

get outta banks!

@@julm7744 you've got it the wrong way around. Fractional reserve banking means that for every 100$ of deposits the bank takes, they have to park 10$ with the central bank, and they can lend out the remaining 90$. Obviously you cannot lend money that you don't have (unless you're the central bank, then you can simply print some), but the reserve system means that even if you have money you cannot lend out all of it, you have to set some aside/reserve it.

@@julm7744 U r Rong

People still have stimulus money saved. It will end by next year.

so do i, i have a small saving account in Sofi which is 3%. also, i recently started a 12-month CD with chase for 3% as well. i honestly still trust Chase more than Digital banks even if they are all federally insured. keep my checking, credit cards and long-term investments at Chase.

Chase is a good bank, but because they have actual retail locations they will never be able to match the rates that an online only bank can. I use Chase for my checking, but use Capital One for my saving as it pays 3%. You can transfer money between Chase and an online bank in a matter of days so it's not a big deal to have both.

@@duncanfriend3766 thats very interesting 🤔

I quit chase recently. Their interest rates on savings and checking have not moved at all even with the recent fed rate hikes. They obviously don't want my money by paying 0.01% so I took it to an online bank.