All my money are in a savings account. The available amount hasn't changed since I checked last week, and tomorrow it will still be the same.
All my money are in a savings account. The available amount hasn't changed since I checked last week...
My hate for niggers is likewise undiminished.
You do know about inflation and interest?
I have a lot of silver.
As the stock market tanks the prices of goods and services rise as businesses raise said costs for consumers as a result. Even if you don't own any stocks, market turmoil still hurts your finances.
Tomorrow the purchasing power of that money becomes slightly less
inflation will reduce your purchasing power if you dont put the money into savings as well, with the difference here is that you are pretty much 100% garanteed to not gain anything in return
i really wish it was that simple. like stacking firewood or something - you know how much you need for a winter and can pretty much count on it being the same for the rest of your life on average. but no....other people fuck around with things and constantly make your firewood evaporate so you can't sit back and relax.
fucking bullshit.
relative to foreskins
Unless the bank collapses because they were investing in something that got fucked, or they were owed money by someone who got fucked.
i have some silver and savings account money, and used steel putty to fix my vehicle exhaust myself
It will be way higher in the stock market.
Withdrawal it all in a single transaction.
You cannot.
all of my money is in land, livestock and pm's and their value keeps going up, i check last week. and tomorrow they will be worth even more money, and thats without counting the value of all the food i produce
The expensive shit I was about to buy is still listed at the same price as yesterday.
Based cashchad
If the stock market crashes it would cause the purchasing power of each dollar to increase. Idiot.
What does this do to hoeflation?
if your leak is on the piping of your exhaust you can get a pop can and cut the top and bottom off it and cut it so it opens up and then wrap that around the pipe and attach it with wire or hose clamps.
Wait a minute... I just checked and my money is still the same number too
Anons I like I’m having cash
*like having cash
even thats not the problem. most accounts are protected by law. the issue is inflation/devaluation and other price increases. everything here has gone up by 30-100% in 5 years. my bank account has not.
it makes bitcoin a useless commodity, its one purpose that it can be used as money is obsolete with this new transaction method so people will buy the commodity, sell the coin.
I farted and a some shit came out.
Remember Cyprus?
didn't von der layen announce that all saving accounts in the EU will be used for some EU bullshit, a week ago or so
im literally holding one in thats just like that rn
Savings accounts used for EU bullshit
So what they already do?
Yeah, but with uh inflamuhmation, your money decreases in value. You should put it in stocks and give me a piece of what you put in as a bonus.*
*You might lose everything while I get to keep my cut.
And how is that doing amidst all this panic? Not sure why I'm asking since it's quicker and easier to just google that than to do a captcha but here we are at the end of the post....
The only real savings i have right now is a pension savings i pay for a small tax return.
But i'm sure the goverment will steal that long before i reach my pension.
Dude, c’mon.
Inflation eats into savings as well. If it’s cash, it’s purchasing power is less either way…
Sure you can. You may have to give them some notice if it's an exceptionally large amount so they have enough cash on hand, but why would you even have that much in a bank account anyway?
And how is that doing amidst all this panic?
Hasn't changed its weight at all.
if you are able to hold your shit in, you do not support the pride movement
I'm lucky to have a job that gives me 3% a year raise, most years. This year was 2.5 but that's an anomaly, mainly because we had a mediocre year last year. Only place I've ever worked that is consistent with raises without having to beg for it.
Don't be obtuse. The price, nigger.
The available amount hasn't changed since I checked last week, and tomorrow it will still be the same.
Mine changes monthly.
I have interest bearing savings and checking so it goes up by ~$100 per month.
Looks like it's dumped like 4 buck an oz over the last couple of days but still not worse or better on average for the past year.
Not so fast
If he was to buy GPUs last autumn with all his money, he would be outpacing inflation by at least 50%.
If he had his savings in gold and silver he would be unaffected by inflation.
Smart people moved their wealth into land, real estate, cold hard assets and tangible stuff to avoid the storm.
inb4 he has just 50k € or something
It's the same principle for any amount.
50K was buying an apartmant in Belgrade back in 2019.
Now you need at least 100K €.
I put all my 401k savings (~150k) into US treasury bonds a few years ago to shaft the stock market : - )
the first covid stimulus package allowed the withdrawal of my 401k early withdrawal penalty free. i withdrew it and made a homestead. just the land I bought has increased in value over 500%