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Originally Posted by fistpoint
Show me a high yield savings or CD that is over 1.9%? And that's assuming people get approved for that rate. Assuming they do, where are these CD's and accounts?
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My local credit union's rate is 2.15%. That is with no risk. Want to increase your risk? You can definitely go higher based on how much risk you are willing to take. Please don't rely on advice from an internet forum, use a financial advisor. I am sure they can get you a better investment rate than that. Hopefully closer to 6-7%.
Quote:
Originally Posted by fistpoint
You'd have to find the absolute best savings or CD just to break even after paying the taxes on the gains. All that effort for what would amount to mere dollars saved.
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I prefer having cash available rather than sinking +$25k into a car that will loose value as soon as I drive it off the lot. If you want to sink cash into the BRZ, go ahead. I would rather keep those funds available to invest or for an unexpected event.