ZKnicks wrote:Buy some Bitcoin
Lock it up in cold storage
Don’t touch it for 7-10 years
.
.
.
Retire
Would you use coinbase or bitstamp?
Or does it not matter?
Moderators: Jeff Van Gully, dakomish23, Capn'O, j4remi, Deeeez Knicks, NoLayupRule, GONYK, mpharris36, HerSports85
ZKnicks wrote:Buy some Bitcoin
Lock it up in cold storage
Don’t touch it for 7-10 years
.
.
.
Retire
Stannis wrote:Would you use coinbase or bitstamp?
Or does it not matter?
Stannis wrote:ZKnicks wrote:Buy some Bitcoin
Lock it up in cold storage
Don’t touch it for 7-10 years
.
.
.
Retire
Would you use coinbase or bitstamp?
Or does it not matter?
Phish Tank wrote:i really wish I knew and was more comfortable about crypto. But I just can't take that risk on right now.
As for the platforms, I also use BOA/Merrill, but I've jumped around some. I use Merrill for investing in ETFs mostly. I got a work 401k and I got an IRA setup a long while ago by the family. In addition to those, I have an account with TD Ameritrade (or what was once known as Scottrade). Kept a little bit of money there when I used to invest spare money for fun in college. Now it's just used for individual stocks.
The vaping crackdown killed the value of one of my best investments though from college (Altria). Bought it at $16 and saw it rise to like $70 at one point (granted only like 10 shares or so). Selling it off soon though
GONYK wrote:No matter how much I've looked at crypto, it always just seems like speculating and not investing. Not worth it IMO, but the blockchain technology is worth investing in.
ITGM wrote:Stannis wrote:ZKnicks wrote:Buy some Bitcoin
Lock it up in cold storage
Don’t touch it for 7-10 years
.
.
.
Retire
Would you use coinbase or bitstamp?
Or does it not matter?
Use Coinbase: they're extremely safe, a creditable U.S company, and they're insured by the FDIC.
Stannis wrote:ITGM wrote:Stannis wrote:Would you use coinbase or bitstamp?
Or does it not matter?
Use Coinbase: they're extremely safe, a creditable U.S company, and they're insured by the FDIC.
If you have referral link let me know.
Or if anybody else does, let me know. It's only a 10 buck bonus, but why not lol.
I'm going to put 100 bucks in just for fun.
ITGM wrote:Stannis wrote:ITGM wrote:
Use Coinbase: they're extremely safe, a creditable U.S company, and they're insured by the FDIC.
If you have referral link let me know.
Or if anybody else does, let me know. It's only a 10 buck bonus, but why not lol.
I'm going to put 100 bucks in just for fun.
I got you, Bro:
ITGM wrote:Stannis wrote:ZKnicks wrote:Buy some Bitcoin
Lock it up in cold storage
Don’t touch it for 7-10 years
.
.
.
Retire
Would you use coinbase or bitstamp?
Or does it not matter?
Use Coinbase: they're extremely safe, a creditable U.S company, and they're insured by the FDIC.
CharlesOakley wrote:If you are interested in long-term investing, read "The Intelligent Investor", which was written by Buffet's mentor.
Stannis wrote:Anyone here used the American Express High Yield savings account? It's at 1.90%.
If recommended, should I do their standard Savings Account or their CD accounts. I don't think their CD Accounts are worth it for the extra 0.10 - 0.25% interest, but for their locked in rates. The standard Savings Accounts rate can change, but I'm sure they are flexible with withdrawals.
I'm still new to investing so I feel comfortable having a significant amount that is FDIC insured but also collect some interest.
My savings at BoA doesn't collect anything at all. I guess they are trying to encourage investing in their Merrill accounts, and I'm sure being a physical bank means they can't offer good interest rates on a savings.
Slicin N Dicin wrote:Stannis wrote:Anyone here used the American Express High Yield savings account? It's at 1.90%.
If recommended, should I do their standard Savings Account or their CD accounts. I don't think their CD Accounts are worth it for the extra 0.10 - 0.25% interest, but for their locked in rates. The standard Savings Accounts rate can change, but I'm sure they are flexible with withdrawals.
I'm still new to investing so I feel comfortable having a significant amount that is FDIC insured but also collect some interest.
My savings at BoA doesn't collect anything at all. I guess they are trying to encourage investing in their Merrill accounts, and I'm sure being a physical bank means they can't offer good interest rates on a savings.
I do theirs and a separate Barclays savings account that's at 2.10%. Had one set up.before marriage and wife and I set up the other one while dating. Nice addition to other investment vehicles giving you the flexibility to liquidate quick if needed but we leave one alone and the other will be used sporadically in the future