Stock of the Day
Stock of the Day
Out of context: Reply #594
- Started
- Last post
- 630 Responses
- nb0
Ok so I’ve saved up a bunch of cash, earning a very low 2.5% per year in a savings account. I’ve been waiting to buy into a low cost SP500 ETF. I know it’s bad to think one can “time” the market, but on the other hand there are lots of doomsayers saying doom is nigh. They say the market will continue to go down
On the other hand, isn’t my money being devalued by inflation? So, doesn’t it make sense to buy stock now? Even if it goes down, it’s going to go down if I keep it as cash, too
- Just buy Tesla stock. Why dilute. Look at their robot - in 5 years time it will be a game changer. Tesla = factory technology, that's their moat and USPshapesalad
- Compare boston dynamics to Tesla bot. Once is cost effective, can be made in the millions and has AI. The other is made in a small number, is pre programmed noshapesalad
- AI and very costly. Yes one looks advanced and can do parkour, but we don't need that. We need something to do boring jobs in factories 24/7/365shapesalad
- The amount it’s going down as cash value is not very significant. If you can afford to not have it as spending money you can consider investingmonospaced
- But a 2.5% year savings interest rate is really really really good for a savings account.monospaced
- I wish I knew the right thing to invest in right now. I bet a mid level UI designer in Eastern Europe might have the best advice. Lol.monospaced
- I'm actually Lead UX/UI and I recommend staing in cashgrafician
- With the uncertainty of the global market, you should probably stick with the 2.5% interest rates of your savings account.utopian
- That is pretty amazing for a savings account! Where do you get that?
Wait a few months then DCA into VOO. Set some GTC orders and be done.formed - 2.5% is from SoFi. There’s no limit to size of the account which is amazing. You need direct deposit but it can be a tiny amount, even $1 if you want.nb
- https://www.sofi.com…
2.50% APYnb - Stick 30% into the s&p 500 and do it again in 6 months - keep the rest in cashSlashPeckham