Tuesday, October 24, 2017

Digest for misc.consumers.frugal-living@googlegroups.com - 4 updates in 3 topics

21blackswan@gmail.com: Oct 24 02:58PM -0700

> On Thursday, July 6, 2017 at 10:39:06 AM UTC-7, beaver...@live.com wrote:
> > I am making way too much money right now. I don't even want to spend it if I can help it but I should be earning interest on it. I am so unprepared but I never thought this day would come. What do I do?
 
> Is $80-100,000 too low to reap enough dividends to pay my basic monthly living expenses of under $1000?
 
you can easily get 1%+ with insured bank accounts
 
dividends are only stocks, i think, and with stocks come risk
 
let's say 1% x 100,000 is 10k, divided by 12 equals $833.33
[if you can get more than 1%, then closer to $1000 a month]
 
you can also look into laddered CDs, for more interest;
do some research on this; you only tie up a portion at a time of your 100k
 
marc
John Weiss <jrweiss98155@comcast.net>: Oct 24 04:49PM -0700


> let's say 1% x 100,000 is 10k, divided by 12 equals $833.33
 
> you can also look into laddered CDs, for more interest;
> do some research on this; you only tie up a portion at a time of your 100k
 
The key is to find a bank/credit union that won't charge more in fees
than you get in interest. The good news is that $100K may be enough for
them to waive monthly fees; the bad news is that you may have to keep a
chunk of that money in low- or no-interest accounts.
 
Interest on Money Market accounts is in the 0.5% range. Shorter-term
CDs (12-24 months) max out around 2%. Laddering them takes a bit of
time and effort to set up the sequence; and at the beginning, much of
your $$ will be in very-short-term CDs or holding accounts with lower
interest. Of course, YMMV depending on type of bank (brick, online,
credit union...) and current special offers.
ggggg9271@gmail.com: Oct 24 11:55AM -0700

https://www.bloomberg.com/news/articles/2017-10-24/mcdonald-s-rolls-out-successor-to-dollar-menu-as-price-war-rages
ggggg9271@gmail.com: Oct 24 11:53AM -0700

https://www.bloomberg.com/news/articles/2017-10-24/mcdonald-s-rolls-out-successor-to-dollar-menu-as-price-war-rages
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