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/biz/ - Business & Finance

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23517527 No.23517527 [Reply] [Original]

I recently hit $10k in my savings account.
What can I do with it to grow it faster or turn it into passive income ASIDE FROM stocks or crypto? I don't want to gamble it or spend all my time doing market research.
I don't mind if it's slower than those, I just want it to be reliable.

>> No.23517549

Kneepads have a roi of 3000%

>> No.23517637

>>23517527
>how can I invest and make money off my money, without investing to make money off my money
Are you fucking stupid? What are you going to do with 10k besides that? Do you want us to tell you to loan money to your friends who will TOOOOTALLY pay you back with interest?

>> No.23517643

>>23517527
faggot

>> No.23517645

Spend 10k on a 24k gold leaf sexy maid outfit and wear it when I pay you 100 bucks to come clean my apartment every week.
In the green after 2 years
Doubles your investment in 4

>> No.23517670

Nigger just put those 10k into a stablecoin and stake it for 7% returns or something which are much higher than the 0.2% you're getting from the bank

>> No.23517714

>What can I do with it to grow it faster or turn it into passive income ASIDE FROM stocks or crypto?
Nothing

>> No.23517851

>>23517527
Read about Zeta and zUSD pools. http://zetaportfolio.com/

>> No.23517884
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23517884

>>23517527
GRST easy money. 10X before Christmas

>> No.23517907

>>23517527
lol dumb fuck you must be a zoomer lol

>> No.23517916

bad dragon dildos limited BBC edition

>> No.23517921
File: 435 KB, 650x1101, __aether_foundation_employee_pokemon_and_2_more_drawn_by_noripachi__c0f76da13726ee315001ad96d1fc4444.jpg [View same] [iqdb] [saucenao] [google]
23517921

>>23517527
Put it into bitcoin. Silly billy.

Interest rates are at 0 and the monetary supply is rapidly expanding.

Bitcoin is digital gold with a absolute hardcap at 21 million. Companies such as Microstrategy are already entering the bitcoin market. Look up Michael Saylor bitcoin and watch some videos.

If you just want to earn decent interest on USD Check out Blockfi. you can earn $860 USDC annually on $10k USDC

Bitcoin is a better bet desu

>> No.23517924

>>23517527
10k is nothing, you'll never get passive income with that.

>> No.23517952
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23517952

>>23517924
Yeah you will never get meaningful yield from USD period. The Asset inflation rate is like 30% a year now. With zero interest rates that means in just 3 years stocks will cost double your cash.

Not to mention INTEREST RATES ARE AT ZERO. So basically if you are saving cash you are stupid. Especially if you are young and have a stable income.

>> No.23517980

Buy AVAX and delegate your coins for ~11% APY.

>> No.23518022

>>23517637
>What are you going to do with 10k besides that?
I assumed there were different kinds of savings and investment and trust accounts and things like that with different interest rates and such besides what a person could get by just leaving the money in their regular bank savings account.

>> No.23518059

>>23518022
What? Are you going to take out a CD for a half a percent?

>> No.23518133

>>23518059
I don't know, that's why I'm asking here.

>> No.23518168

>>23518133
just do what every risk averse normie does and put it in an s&p500 index fund.

>> No.23518245

>>23517527
Buy gold. At least you won’t be using value to inflation. Buy welll-known coins you will be able to sell later on: Maple Leaf, Golden Eagle, Buffalo or Britannia

>> No.23518451

>>23517527
long bonds you mug

>> No.23518579

>>23518451
but bonds are not even currently keeping up with inflation

>> No.23518783

>>23517527
Spend it all on aluminium foil, you can get catering packs of 75 meters each roll. Sell it in about 5 years time for triple + more.

>> No.23518793

>>23518245
Don't listen to this guy. Gold has a inflation rate of 2% a year and no yield

>> No.23518815

>>23517527
stocks and crypto :^)

>> No.23518835

>>23517527
This is a stupid thread. Savings accounts will lose you money due to inflation. No risk, no reward. You actually only lose in the end. Get ally bank it’s around 2% interest (as of 2019 last I saw) don’t lock it up in any sort of CD. It would be better if you knew how to use that money to make more money but hands off approach is nice.