This is interesting. I don’t want to do math right now, but what are you looking at after a year or two?
Can you cash out CDs whenever? Are they taxed? (I know nothing about CDs)
Outside of your 9-5, what additional ways do you bring in income?
- Thread starter Whiskeydeltadeltatango
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Can you cash out CDs whenever? Are they taxed? (I know nothing about CDs)
Do you think any of this chirping is funny, interesting, or even insulting? It’s just sad if this is the best you got.
I wanted to get some extra cash, and tried DoorDash - I made like 200 bucks one weekend and then needed brakes done. So, that didn’t work out.
You're a hunter, right? Guide some city slicker hunters on deer, turkey or pheasant hunts. Breed hunting dogs or Goldendoodles. Can you sell guns you build? Taxidermy?
Principal during the day. Love my side gigs, cover high school sports, mainly football, for the local newspaper and do PA work for two small colleges.
Yikes, that was weak. Take more time thinking of something wittier. I know you can do it Poindexter!
When I lived near Chicago I made extra cash digging trenches in this guy's crawl space. I thought it was weird but he said he had drainage problems. Weird guy. He always wanted to show me a magic trick with handcuffs but I always respectfully declined.
Haven't heard from him in years.
Haven't heard from him in years.
Return varies based on the interest rate,.. At term they can be cashed out or rolled over at the new rate,.. If you cash out early there is typically a penalty,.. Earnings are taxed like any other interest bearing account...
I am purely investments. CDs bond and stocks. CDs and bonds are my steady slow growth. My average is a little over 4% per a year. Got a decent chunk there. I have grown my self directed IRA and cash investments immensely. Looking at a substantial tax bill this year or next. As to side gigs. I’ve always wanted to buy sell legos but just don’t think worth the time or effort.
I’ve always thought it’s better to spend the side hustle effort on your main hustle. Or get a better main hustle.
So I mentioned high interest savings accounts earlier as a better alternative to CDs. I would also look at i bonds through treasury direct. That's probably the best option for the first $10,000 in a situation like this. With other family members you can actually increase that annual limit.
So once you purchase a CD, you have to purchase another one, correct? You can pour money into a previously purchased CD?
The theory presented (from what I gather) is purchasing a CD every month?
Legal expert opinions.
Not a huge income as they arent super frequent but good pay for the time it takes me. I ask 200/hour for review and written opinion and 300/hr for trial and depositions. Probably make 2-3k each one I do.
I've done probably 12-15 total in my career.
Not a huge income as they arent super frequent but good pay for the time it takes me. I ask 200/hour for review and written opinion and 300/hr for trial and depositions. Probably make 2-3k each one I do.
I've done probably 12-15 total in my career.
No,.. You invest in a CD with specific term. When the term is up you get paid out. If you want to purchase another CD, you can do that. You can have multiple CD's simultaneously, in varing states of term... Juggle them any way you wish.
Most EHT store picks are a few bucks more than a plain SiB, unless it's the stupid EHT "Flood Surviving" gimmick pick going for $1,400+. The last regular SiB I sold was $190 after shipping a few weeks ago.
I'm also happy to help folks who I know will be drinking them instead of flipping bottles, which is admittedly hypocritical considering I've been doing this for over a decade. Where are you located?
Oh, burn! God, you are really bad at this. My children have better burns than your illiterate ass.
DSM. Secondary has certainly cooled a bit too. My brother gave me a pony to trade, but I told him I'd need 2 to get him a sib.
Your children are embarrassed by you. They would rather spend time with a random stranger than their own father. When people ask who their father is they say their father is dead because they don’t want to be associated with someone who can’t use a toilet.
Blanton's is another one that it's wild what people will pay for it. Liquor stores putting it on the shelf for $150 and selling out in under an hour. I know someone who paid $200 a bottle for it in Prairie du Chien and took the whole case because his dad wanted it that bad and couldn't find it in Omaha. I told him I'm happy to rip his dad off any day of the week if that's the case.
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Yikes. That's insanity. It's not worth more than $75 to me personally. Lots better options out there.
I'm still waiting for this to happen. But the views are worth more than the pay.
After reading above I'm going to look into EfTs, I've got money in the market but want to build something else for diversity. Basically the idea would be a ever so slightly less liquid savings account with better interest.
For that case it is NOT ETFs that you want. It is the i bonds or the high interest savings account. Those will have virtually zero risk and still get income. The ETF will absolutely have risk, but it should give you better performance over a long period of time. If you will need to rely on the ability to use this money for emergencies or for timed purchases then the ETF may be done when you need it and you will be in a bad spot.
A high value savings account is a good description of what I'm after, even if it means I'm 30 days from having my money. So I'm back to IBonds.
Thank you for the input
just a suggestion, if you are not going through a broker and are doing it on your own, Vanguard funds are a good option. Funds such as VOO, which tracks the S&P 500, is a good fund. The Vanguard Growth Index Fund, VIGAX, has also been a very good fund. I am in several Vanguard Funds on top of many other investments.
personally, I really like Energy Transfer, also (ET) and have been in it for the last 3.5 years. Pays a solid dividend just under 9% and has good growth prospects.
Investments are an interesting subject for me so I am glad you brought it up
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