IT'S TAX REFUND TIME, and I'm Gassin' for a ...

[InhumanResource]

Please point me in the direction of a 24 month CD that has a higher than 1.52% interest rate. In 1988...sure, those were a real thing (8% some of them)...but not now. Investing is different than savings...and when it comes to that...musical instruments can be a safer investment than Money Markets or Mutual Funds...but like any investment, you need to know what you sinking your money into and take a leap of faith. Risk equals reward (especially if you are risking somebody else's money...just ask Jamie Dimon).

But, hey, lets say our OP does go the CD route...in two years he'll have accrued about 9 bucks...almost enough for a down payment on this...
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1.52% still beats the sh*t out of just about every "savings" account I've seen. Why's it have to be 24 months?

I'm not sure what your point is - nobody is going to get rich off the interest from one of these products. I am talking about putting your money somewhere that you aren't going to spend it, colloquially known as "saving" as opposed to "spending." You could bury it in a box, your mattress, a savings account of .025% interest with whatever bank you like, or put it in a financial product that performs a little better.

 

[Pirate Captain]

1.52% still beats the sh*t out of just about every "savings" account I've seen. Why's it have to be 24 months?

I'm not sure what your point is - nobody is going to get rich off the interest from one of these products. I am talking about putting your money somewhere that you aren't going to spend it, colloquially known as "saving" as opposed to "spending." You could bury it in a box, your mattress, a savings account of .025% interest with whatever bank you like, or put it in a financial product that performs a little better.

24 months...because at 12 we're back down to 1%. And...yes...I agree that not spending money you don't have (or spending money you DO have if you don't have a "buffer") is silly. But saving and investing are different things.

...also Jaco never saved any money

 

[Alex Bass]

Please point me in the direction of a 24 month CD that has a higher than 1.52% interest rate. In 1988...sure, those were a real thing (8% some of them)...but not now. Investing is different than savings...and when it comes to that...musical instruments can be a safer investment than Money Markets or Mutual Funds...but like any investment, you need to know what you sinking your money into and take a leap of faith. Risk equals reward (especially if you are risking somebody else's money...just ask Jamie Dimon).

But, hey, lets say our OP does go the CD route...in two years he'll have accrued about 9 bucks...almost enough for a down payment on this...
View attachment 1047361

...or...we could all just invest in carrot futures

you HAVE to laugh out loud at this

 

[ShadowImage]

 

[motorhall]

Ordering a Fearless F112, and my local GC has a nice used G&L JB-5 custom build that is calling my name. Not that I would know what to do with a fifth string.

 

[brutuscheezcake]

I am getting a kickback from the household this year. Should I save it? Sure. Should I just give it back? Sure.

Do I need another amp? No.

You know what this means? Yes!

I am thinking Mesa D800 and a barefaced One10 speaker.

 

[1954bassman]

I am thinking Mesa D800 and a barefaced One10 speaker.

I have that exact setup. Sounds incredible and weights like 20#. I actually have two of the One10's, but one gets my through most my gigs.

 

[punisher911]

I'm seeing a possible D-800+ in my future...