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> high-yield savings account Ah yes, one of those with just -1% interest instead of those low yield -3% accounts. Sure does help a lot to get true beat out of
by isitmadeofglass 4y ago
> high-yield savings account
Ah yes, one of those with just -1% interest instead of those low yield -3% accounts. Sure does help a lot to get true beat out of the cash pile that otherwise would drop only -7% due to inflation.
At this point, even just using your money to buy blocks of granite does better.
- dragontamer 4y ago> Ah yes, one of those with just -1% interest instead of those low yield -3% accounts HYSA have 2% right now. My money-market fund is 2.3%, and my ultra-short bond funds are 3.3%. > Sure does help a lot to get true beat out of the cash pile that otherwise would drop only -7% due to inflation. Compared to the stock market which has dropped 17% *before inflation*, and then another 7% compounded into that this year once you account for inflation. ------- $10,000 into a HYSA in January 2022 would be worth $10100 right now. Meanwhile, the same invested into SPY would be worth $8300. And then inflation hits all of us for -$700 real. Its clear which strategy has done better this year. Its the year of the bear. The bulls have done well for the last decade, time for the bears to have a turn.
- isitmadeofglass 4y ago> HYSA have 2% right now. My money-market fund is 2.3%, and my ultra-short bond funds are 3.3%. So in real value they are -5% -4.7% and -3.7% meanwhile my blocks of granite are going up by 7% minimum.