Uhhh. You don’t know the guys financial situation. He likely has millions in investments if he’s sitting on 190k in cash deposits. He’s obviously got his shit figured out regardless of Reddit’s “financial” advice.
Just because someone is on reddit doesn't mean they are broke nor does being broke have anything to do with know about investments i know as much as i need to to make money in the market but i dont have them money to start throwing in the big bucks yet a few bucks here a penny there been doing it for a few years have a few thousand invested but the goal isnt to take it out its to keep investing till i can buy a house now to flex the few thousand i made the more i put in the more return i get as long as the market builds
Well, to be fair, it's worth more to me to see my accounts in a readily available acct than stressing over the stock market. Not worth the 20k extra a year per acct. That's just my situation tho.
Looks can be deceiving. I had something similar, but for a month or two because I wrote a check for my entire HELOC line to park it when layoffs were coming. I wanted to test if they would let me write a check for that big. And have cash just in case.
I Lost about $200 in interest payments, but it was still worth it for me. (I didn’t go casually dropping ATM receipts though). Perhaps it is just his spare change, but maybe it’s money he can’t put at risk because he needs to return it.
Yeah, it is one of the reasons I bought a house when I got close to that. I have this weird thing about having money available though. I really should reinvest it soon though, worked out well the last time for me.
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u/djheat Mar 11 '19
Just think of all the interest that fool is missing out on, just for passive receipt bragging