Where to slowly put $5000 for emergency savings

[-SD-]

Dear Baby Jesus,
Please stop teh glad from making any sort of investment decisions beyond putting cash in a savings account. You see God, hes already lost his ass in silver and now hes thinking about handing his money over to someone who lost his ass in Forex and in the process has already wiped out a great many folks investments, of which I was one. But you see God, I didnt invest more than I could afford to lose. But our young Glad wants to be a baller so bad he might throw away his rent money or future babys college fund or something and well, God, I would just feel so damn bad if I didnt write this letter to you informing of the situation.

Sincerely,
Teh Jacket

 

[redshirt27se]

You paid 100 dollars for 4 dollars???

a 90% silver dime is worth $2.41 currently.

 

[lartinos]

a 90% silver dime is worth $2.41 currently.

That only adds up to 96 dollars out of 100 dollars spent..
I guess that is where people take their profit on the people they lure into crap like this.

 

[miplank]

glad, you're seriously one of the stupidest people I know.

 

[redshirt27se]

That only adds up to 96 dollars out of 100 dollars spent..
I guess that is where people take their profit on the people they lure into crap like this.

I was too lazy to do the math, but I knew the number would be less $100.

 

[jiggagold]

just buy research powders and make ur own roids breh

 

[-SD-]

just buy research powders and make ur own roids breh

Dance with who brung ya, Godzilla style rob

 

[stevesmi]

well... it all depends on the condition of the silver coins.

in actuality its anywhere between 5-10 bucks per $1 of coins you have, in other words 4 silver quarters can get you from 5-10 bucks today. but don't expect to get paid that by a dealer. they usually offer you $3-4.. then they turn around and sell it in bulk at much higher prices. again thats how they make their money. the rakes they take in from commodities are tremendous. I would shop around to get the best deal. don't just go to your local flea market and take whatever the guy with the beard offers you.

I sold a lot of silver coins recently and I managed to squeeze out $5.50 per dollar for them. but only cause I shopped around and negotiated..

 

[trex74]

I don't know if there is an equivalent in the States, but if you were here I would suggest a Tax-Free Savings account. You can deposit up to 5000 each year. It is not counted as taxable income, and there is no penalty for withdrawals. You can invest it however you want, whether it is a GIC, money market fund, mutual fund, whatever. It is a good choice for short-medium length savings.

 

[uamaverick]

Dear Baby Jesus,
Please stop teh glad from making any sort of investment decisions beyond putting cash in a savings account. You see God, hes already lost his ass in silver and now hes thinking about handing his money over to someone who lost his ass in Forex and in the process has already wiped out a great many folks investments, of which I was one. But you see God, I didnt invest more than I could afford to lose. But our young Glad wants to be a baller so bad he might throw away his rent money or future babys college fund or something and well, God, I would just feel so damn bad if I didnt write this letter to you informing of the situation.

Sincerely,
Teh Jacket

This was excellent, thank you for that.

I've had a Forex practice account for about 10 months now. I've made consistent gains, but I'm extremely conservative, and if I were to actually put in real money, the amount would be so low that my gains would amount to almost nothing. It's fun to dick around in, though.