>Be me
>Have over $6000 in my savigns account
>Get 6 cents every month as interest payment.
>Thanks Janet Yellen.
Fuck, interest rates will probably never get to normal levels within my lifetime. What was life like when you actually got some return on your investment in the bank?
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You need to have higher risk to get a higher return. There is no risk in having a savings account, short of the bank failing.
>Janet (((Yellen)))
There’s your answer.
Literally only the 80s?
What's the point of rewarding savers, user? Life is competitive, don't be a little girl.
>expecting to just acquire shekels by sitting around being a NEET
Why don't you take advantage of such low interest rates and maybe do something, I don't know, take out a (((loan))) and be an entrepreneur or something
((((((((yellen))))))))
>Taking advantage of low interest rates
Prices are high because of those interest rates. There's no advantage to be had.
I'm not a NEET, I work. That's how I got money in my saving's account in the first place.
And since I worked so hard for this money, I don't want to risk it all on some stock investment that has a high chance of crashing sooner or later.
You sound retarded. Opening a savings account is not an investment, you will never get anything in returns. Open a CD, a Roth IRA, start a 401k. Be an actual non-retard and then come complain about interest.
Yeah user, you sucker, feed the fat jew's mouth more, by taking out a loan and stop complaining you chump. Merely giving (((bankers))) free fuckin' money to lend and make more money, while you collect your own reasonable increase is dumb. It's Not, Enough.
Spend it, and let big-schnoz have a drink of your titty-milk instead of just licking a little cream off the top. Look how good things are with low interest rates for (((us))) all. Negative interest rates forever, please.
Six Thousand shekels is literally nothing. They can't pay interest because they keep printing so much of the stuff, no chance to give the goyim an even break.
If you start to accumulate large amounts of shekels, you need to have in stock market or physical gold to keep up with inflation.
I can't believe our parents had like 5% interest in normal accounts more if they got CDs. Will we ever get back to that?
No. Its not in the feds, the governments or the banks iterest (long term) for you not to either risk or spend. Either way they take it.
Its why we always lose.
I doubt it, with the amount of debt the US government has, with absolutely no sign of slowing down.
The government also has to pay interest on their debts as well. 5% interest on a 20 trillion dollar loan will completely destroy our economy very quickly.
I remember back in the 90s in grade school being read a children's book about banking. There was a picture of a kid depositing I think $100 in the bank when he was 10 and then the next illustration showed him as an old man withdrawing a vastly greater sum. Sad to think nowadays you'd be up only a few dollars.
>up
Today's dollar is worth less tomorrow, risk risk risk risk risk.
We've all gotta die sometime.
>Its why we always lose.
There is one escape valve, goy.
In the episode of Futurama "A Fistful of Dollars." Fry had 93 cents in the bank for 1000 years.
At 2.25% interest compounded monthly, that would net him $5,382,193,745.15 after 1000 years.
If Fry invested that same 93 cents in a standard bank today with 0.01% interest (Wells Fargo, Bank of America, Chase, CitiBank) he would have gotten a measly $1.03 at the end of 1000 years.
That just shows how much near 0% interest rates are hurting people who save, and forcing people to shovel money into other assets like real estate and stocks.
>There was a picture of a kid depositing I think $100 in the bank when he was 10 and then the next illustration showed him as an old man withdrawing a vastly greater sum.
Like all things produced by government, that illustration was a lie. Depression era bank collapses cost depositors 100% of their money. Nothing to withdraw whatsoever. Taxes chip away at the rest, minus divorce costs and etc.
And even in the best circumstances the "vastly greater sum" was just the same amount of wealth, just with more zeros, to represent the collapsing nature of the value of paper money/
>tfw every financial graph from the year you were born just shows decline
Have 14k€
Get nothing in the one bank, but the cost raise in my house bank.
Thank you EZB, Fuck you, they destroy europe for a small growing.
well exactly, user. As recently as 2005 you could get 5% on a simple savings account. But that was before the great kikening.
Now to get any returns you have to put your money in the big jewish casino.
Great time to be alive.
found the millennial
Just invest smartly into stocks.
I only keep money in savings for emergencies like if I need to pay hospital bills or my car's engine dies and I need a new car.
Any money I have otherwise that I want to grow into more money when I get older, I put into stocks.
i remember that as well. then when i was 18 and opening a checking account with a savings option, i looked at the interest rate on the savings account and thought "were those people retarded? how retarded would you have to be to invest in that? that's less than inflation."
I have $75,000 in a term deposit with 1.4% interest, I get $1000 a year
>muh stawks meme
if you're investing in stawks with real money rather than 401k-tax-avoidant money, lmao
>1.4% interest rate
Consumer prices in Australia rose 1.9 percent through the year to the June quarter of 2017 from 2.1 percent in Q1 of 2017 while markets expected a 2.2 percent rise.
>tradingeconomics.com
LOL
this user is on the right track. your savings account isnt for making returns, up your percentage increase on your employers 401k (they should match at least 3% if you don't have a shit job), then walk your butt over to charles (((schwab))) and get an investment portfolio started with, say, two thousand bucks. Grab some steady and safe index funds, and depending on your age, take a couple riskier but still dependable stocks. Warren Buffet or Dave Ramsay have written idiot friendly guides to this, get off of pol for two seconds and sort yourself out bucko
That's not great for being illiquid. Plenty of places are at 1.2% without tying up cash or being restricted on withdrawals.
5% seems like glory days now. The biggest change is really advent of low cost index funds. Those are the new "high interest savings" for anyone who's not retiring within 10 years.
This get a money market account Nigga or literally just invest it.
spotted the boomer
The stock market can't keep going up forever. It has to go back down eventually, we are overdue for a correction.
Hurr durrr what is investing?
Don't listen to this user. We are overdue for a crash any day now. Wait for the crash then do this. You autists are going to blow your $2,000 on retarded bonds or something just wait.
You don't deserve a return for not risking your money
You can buy the US stock market for 0.05% in an index fund
not necessarily. the stock market index is nominal, not real. as the money supply expands, assuming all else equal, the stock market will expand as well.
if the stock market points actually decrease in the time of near-zero interest rates and massive quantitative easing, lmfao
I'm a finance student but honestly a year of finance should be required in high school.
Buy some stock and turn it into 4000
Noice gainz
Wasn't the inflation rate really high then? So even with a 5% APY, it's still barely below inflation.
Invest in a small house in the woods somewhere in the Midwest. Somewhere with 98%+ white population. Fill it with guns,canned and dried goods, toilet paper, seeds for farming, supplies for bee keeping and tons of tobacco. Most of that stuff you'll need for the collapse and you can barter with tobacco and ammo. As long as your neighbors are white you can work together as everyone else kills themselves. Don't buy gold no matter what anyone says. Gold has no value when civilization crashes.
>We are overdue for a crash any day now.
Rightwing economic predictions are terrible
So what if the S&P500 goes up another 20% before crashing 30% then doing 5% for a few years?
Does any of this matter if he's decades away from retirement?
He could do Emerging Markets (lower valuations) and US and be done with it
it's not great? of course it's not great. it's fucking below inflation you actual retard.
Buy gold you stupid nigger.
It goes back before Yellen, Blame Bernanke, Greenspan, and the Fed. And blame Nixon for taking us off the gold standard.
>He expects civilization to collapse
Get a load of this guy, why don't you go buy more survival gear from ((bass pro))
The only reason rates were that high in the 80's was because the dollar was falling, and the only way to save it was to jack short term interest rates up to 17%. It wasn't a good market rate, it just needed to be done. Thank The Great Society for that one.
Buy 6k worth of Bitcoin. Sell it on bitfinex for usd. Loan it for an average of 0.008 per 2 days (put in in automatic). Thank me later
All you had to do was listen
Whatever he does will be high risk because his broker will talk him into it since he's young and naive and will lose everything. Investing is stupid buy guns and ammo it's more useful than paper currency with no value.
at the very least, move that money to a savings account with a 1%+ rate.
savings accounts from the big banks are a joke.
I want to study finance but my background is real estate. I don't have much experience with intangible assets
No, inflation was much lower then.
Investing is not paper currency. Stocks are protection against inflation.
buy a bitcoin you dolt
Put money in a brazilian bank. Interest rate is something like 0.5% per month.
>he doesn't know about picklerick and spoogecoin