Short term Investment Options

Discussion in 'Husker Board' started by dacred, Jan 6, 2020.

  1. CameronKrazie86

    CameronKrazie86 Redshirt Freshman
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    I use Vio bank for my online high yield savings account and have gotten above 2% since I opened it. It takes longer to access (and deposit) but that was the point for me. I wouldn't touch the money unless I actually needed it and I earned more interest in 10 days than I had in 2 years at a big bank. Highly recommend them though if you go the online high yield savings account route.
     
  2. NikkiSixx

    NikkiSixx All-American
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    Ps, any money you put in the bank is no longer technically yours. Instead, you become an unsecured creditor of the bank, and your only protection is FDIC, who does not maintain the reserves necessary to bail out the domino effect of bankruptcies. Whatever you do, don’t keep money in HSBC, Santander, Soft Bank, or Deutsch Bank.
     
  3. SomedayHusker

    SomedayHusker Walk On
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    Why those banks in particular?

    In my opinion, the market is coming down soon, it typically doesn’t preform well in election years anyways. It’s always something “no one” sees coming and seemingly when things have never been better and there’s only reason for optimism. I am shorting, but I wouldn’t short that puppy in your situation, if you have near plans for that money.

    You could look into buying Tax liens. Omaha’s tax lien sale is coming up in March and would be probably a safe 3 month (or so) investment earning 14%. They’re tough to buy though because they are such a solid investment. Other than that, high yield online savings account or CD, as almost everyone else has said already.
     
  4. oldjar07

    oldjar07 First Team All-Big Ten
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    They're foreign banks but they're still insured by FDIC I believe.
     
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  5. dand84

    dand84 Senior
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    My uncle is a Nigerian prince. He can help you out. Let me find his email....
     
  6. NikkiSixx

    NikkiSixx All-American
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    for those foreign banks, it's mostly about their level of derivative and counter party risk exposure. I'm surprised DB is still alive to be honest.
     
  7. Dean Pope

    Dean Pope Offensive Coordinator
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    If you need the money in that quick of time, I would put it in an online savings account. Make close to 2% on it and start looking for houses.
     
  8. Dean Pope

    Dean Pope Offensive Coordinator
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    Sure Wells Fargo and other big banks are ripping people off with 0.01% savings interest, but check out the online savings accounts. You can do 1.5-2% with no risk. The bond market right now has more risk than it normally does. If anything right now, I would do a short term bond index fund. But again, if you're going to pull it out quickly, why bother?
     
  9. Dean Pope

    Dean Pope Offensive Coordinator
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    The corporate tax cuts that certain someone put through has helped Wall Street and it will continue to be fine if the village idiots he takes advice from do not lead him astray.
     
  10. brnred1989

    brnred1989 Blackshirt
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    LFCU has some of the best checking and savings accounts on the market.

    savings .75%

    checking 4.00% I believe
     
    50 brnred1989, Jan 8, 2020
    Last edited: Jan 8, 2020
  11. Tahoe78

    Tahoe78 Senior
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    This is all you need to know.. very solid advice.
     
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  12. huskerfan66

    huskerfan66 Assistant Head Coach
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    Dang I just got an offer from my local bank if 5 month and 15 month CD @ 2%
     
  13. TheBeav815

    TheBeav815 Nebraska Football Hall of Fame
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    A big +1 to the posters who have said that "short term" and "investment" do not belong together in a sentence. This is not investing money, this is money you already have earmarked for a need. Put it in a savings account so that it's there in a few months when you need it.

    Putting into farm equipment sounds like one of the worst goddamned ideas I've ever heard. You wanna make money selling farm equipment, get a job at John Deere. For every story of a guy who got rich plunking down on his buddy's business idea, there's a hundred stories of a guy who lost the money and the buddy in the process.

    Investing money is money you can stomach watching go down in value and eventually back up. I have my 401K in a very cheap S&P 500 fund and a fund for dividend paying stocks. Both very low cost. That is money I will not touch for many decades. Fashioned after Warren Buffett's advice to casual investors and the success of his "Million Dollar Bet."
     
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  14. regoratsginrom

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    Online savings (FNBO Direct...Ally Bank...etc.) will pay upwards of 2% and are fully insured for that amount. Easy to open and withdraw.
     
  15. iafan44

    iafan44 Newbie
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    Very solid advice here even though it would be a blast. Invest it like you want, then you can buy more hookers and blow.
     
  16. Sinomatic

    Sinomatic Sophomore
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    Liberty first in Lincoln ne has a 4% checking acct up to $40000.

    But you have to have an auto debit or credit every month, check your e statement online, and charge the debit card 10 times in the month...
     
  17. ZaneHickey

    ZaneHickey Recruiting Coordinator
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    Agree. That is why I would put it all in a little technology called, Opti-grab!
     
  18. brnred1989

    brnred1989 Blackshirt
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    LFCU
    Lincoln One
    Members Own

    all have awesome rates. Looking at the 13 month CD special 2.15%
     
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  19. brnred1989

    brnred1989 Blackshirt
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    Easy to do!

    1 direct deposit
    E statement enrolled
    12 debit card post and settled
    Check banking

    their savings is a great deal. We get 4.75%, 4% in checking and .75% in savings, it automatically sends the 4.75% to the savings account.

    they have a 13 month cd special at 2.15%
     
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