The Only Safe Place to Keep Cash (With high interest!)

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Title	:	The Only Safe Place to Keep Cash (With high interest!)
Lasting	:	11.42
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Views	:	452 rb

What do you think, will you be using Money Market funds?
Comment from : James Shack

Did imiss something? Credit cards don't have 4 interest More like 24 to 39 so they really make out like bandits On what they pay their customers
Comment from : A Lowe

Banks are not making profits, the only way they can stop losing value in a war inflation situation is to buy gold that goes up at the same rate as inflation You can't make a profit on lending with an interest rate less than inflationbrAre you people intentionally stupid and put out this nonsense thinking we don't know you are only interested in promoting profit making scams It's one of the oldest banking tricks to save the greedmongersbrWhen there is not enough gold to save you and all the cash is out of circulation you struggle to buy a pint of milk with 1 kilo gold This is what happens when loony leftists who don't understand war get in governmentbrThere is only 1 solution, put up wages at the same as inflation and protect material sources That is why russia and china formed BRICS DURRRRRR
Comment from : THE THOUGHT MASTER

I would say the best place to keep cash is in tax lien cirtificates 18 interest in FL
Comment from : Raybassman

Cash $25000br2X Returnbr3X Returnbr4X Returnbr5X Return
Comment from : International Institute of Cash Back

I don't trust any bank they'll take wherever they can You can't outsmart them
Comment from : Leonora Barany

Best rates are not the b all and end all One needs to balance risk! I can't listen to more - just remember BALANCE
Comment from : David Horn

Ask yourself…brWhat happens to corporate paper when the business declares bankruptcy? Yeah
Comment from : Joe Robinson

This is financial advice and I never give financial advice: DONT LEAVE DURING THE BEAR If you don’t want to invest…learn If you don’t want to learn…build If you don’t want to build observe DO SOMETHING…other than leave There is so much opportunity here Take advantage!
Comment from : Soumya Dadi

people with damage kidneys have high blood pressure eat low oxalate diet ! uric acid and oxalates damage the kidnneys brread the book called " The fat switch " by Richard J johnson MD diets high in Salt , oxalates and uric acid cause high blood pressure and heart disease Salt rots your arteries !
Comment from : Mikael Vitally

You're wrong about being able to withdraw all your money from your bank Have you ever tried to show up at the bank and attempt to withdraw all your money? They don't have it They just for one customer they need a few days That's if you can even convince them to give your money to you in the first place They will demand a reason that they deem reasonable
Comment from : Beau Ralph

Agree 👍 Don't Trust Banks
Comment from : Hello Connect22

You don't need money market funds, just use a high yield savings account, end of story This video makes something simple too complicated lol
Comment from : World Peace

As a soon-to-be retiree, keeping my 401k on track after a bumpy 2022 is a high goal I've read about investors generating up to $250k ROI in this present sinking market; any suggestions for increasing my ROI before retirement would be greatly appreciated
Comment from : Matt Douglas

How much money do you need to save for emergency savings? 3 months or 6 months in cash?
Comment from : Slam Philos

Buy land
Comment from : Alex Sorov

The video cuts out at 4:25 for some reason
Comment from : Charles Rodriguez

Presidents can’t “deregulate” banks It takes an act of Congress
Comment from : Cachebah

The notion that regulations prevent banks from taking idiotic actions is nonsense! SVB was actually invested in 10 year government securities (of outmost security from the regulator's standpoint) for much of their portfolio while having startups as their main customers (a fact that means that they should expect a rather high frequency of substantial withdrawals - as these companies spend CAPEX for becoming profitable) in a rising interest rate environment without even a hedge I stopped the clip right there
Comment from : C_R_O_M__________

This is some terrible advicebrbrOnce you put it in an online brokerage to invest in anmoney market fund, you are an investor not a depositorbrbrNote - you are not protected by FDIC as a depositor brbrIf that brokerage hilding your money maeket fund shares goes bankrupt as MF Global did, your protection from the dodgy insurance company backing thyr brokerage is likely to not pay out 100 cents on the dollar You might get 10 cents on the dollar if you are lucky
Comment from : mtrest4

Thanks, Captain Obvious Rename your channel: advice for children
Comment from : Randal Walker

You might have lots of information and knowledge, but not all countries give terrible interest rates I get 12 on a 30 day investment
Comment from : True Story

In u back picket
Comment from : Ian Coles

Or maybe toss it in one of the high-yield savings accounts there are many of them They are currently paying about 525 they are federally insured and it only takes a couple days to get your money out
Comment from : rnelson07

Prefer metals
Comment from : Berti Bear

Please could you say what amounts you need for these funds, and where to find them? Thankyou
Comment from : alesia holdcroft

Platinum bars/coins in your prison pocket
Comment from : Olwyn Gwynn

With how prestigious Lloyds presents itself to be, they sure do screw over the people that they call customers
Comment from : Keiko Mushi

Does this apply to the American financial system?
Comment from : Andluth

I have bitcoinpatiencekeep your own private keys as it will go up through the roof in time when 21 million bitcoin have been mined that's it no moreI think there is 19 million plus been minedunlike gold which one can mine moreplus bitcoin can't be manipulated like what the city and bankers do
Comment from : OT G

Great never heard of them before your video thanks 😊
Comment from : Ashley Mackenzie

can someone link the video mentioned at the end, I don't see it Thanks in advance
Comment from : Unkle Skunky

Not such a great idea I am currently getting 425 in my high yield account and it is FDIC insured My money is very liquid
Comment from : Melvin Nash

No tengo ordenador no tengo cuentas con bankia no soy crilliente del bankia no meguta nada
Comment from : Catalina Lopez leon

Cut out the banks, they need a good spanking
Comment from : Guide504

Is there a tax implication with these funds
Comment from : Mark Cooper

Oh, so it's Donald Trumps fault Got it
Comment from : Wendy Boyd

Banks are offering 525 on GIC's In Canada
Comment from : Barry Mantei

The us treasury department is literally broke so keeping money in treasuries isn’t safe any more I would rather not keep the money in bank neither treasuries but assets non one can touch 😂
Comment from : Sarwar Khan

James, is it worthwhile using one of these if you only need to store the cash for four years? I have £15k to put somewhere until I remortgage in four years time I read that investing for anything less than 5 years is not worth it Would one of these work well, do you think? I know you can't give me actual recommendations of accounts but an idea of whether this could work for me would be much appreciated
Comment from : Hannah Bould

Oh man, I hope he doesn't say crypto 😅
Comment from : Jimmy Droid

I'll stick to gold
Comment from : douglas alford

Button up
Comment from : Reda

Considering using these in my LISA on Hargreaves But, feels like a stupid question Where do I see what dividend/interest the fund is paying? Can't find anything Any other HL users know?
Comment from : muscleandmath

Gold
Comment from : Mar Lan

I smell BS……
Comment from : J M

Safe in a self sustaining and trusting community without a bank Banks will NOT be needed Use AI secure smart contracts without interest and money changers will disappear Their satanic contracts will go away Gold and silver will become worthless Only contracts of value will be any contract that brings value to humanity Value contracts will be THE actual money currency Their value is based on the current value they bring to society IE an inventor creates a patent and that patent is turned into a smartcontract Those that value the patent tramsforms the patent into asubsmart contract The final customer exchanges a valuable smart contract in exchange and the valuation is automatically establishedThe smart contract values continue to shift according to societal needs The exchange is information that can inform the projected value and absolute need Value planning economy with immediate feedback
Comment from : Nomvong Lismerced

One word Bitcoin Do not, I repeat, do not be caught not holding any Satoshis
Comment from : James Doshin Benton

Crap
Comment from : Cindy Almeida

Yeah but I don't put my money in a bank to make money brbrI put my money in a bank because I can't keep it in my mattress
Comment from : Fred Mercury

not that was the issuefed was the issue!
Comment from : dragosmihai1001

This channel is so helpful Thank you
Comment from : BigBoomOfDoom2

I have almost all cash in T-bill ladders or in 43 money market accounts 75 in T-bills My mix 45 brokerage accounts, 45 T-bills and 8 money market leaving 2 in checking Fees? Never pay fees
Comment from : Gary Inman

Very interesting but wouldn't opening a second current account from an online bank offer higher interest rate on money you can access whenever you want like monzo and kroo
Comment from : Elizabeth Cole

No
Comment from : KoDeMondo

Do not mean any criticism BUT you are aware that 95 of consumers are unable to use those financial instruments to their advantage brAnd indeed they are financial instruments carrying all the cons of such - not easily available ( unlike cash deposits at large banks), risk of investment deterioration caused by all the factors attached to exchanges, regulations, fees and so onbrAdvising the general public to engage risky and unfamiliar financial behaviors is irresponsible
Comment from : Catch me In the rye

Wise website offers FSCS protection on Sterling interest balances through Blackrock
Comment from : tutacat

US treasuries give currently 529-537 i have a fund in that and the capital gains for all UCITS is 0 in greece, now if the dollar falls i loose so it's a risk
Comment from : ΙΩΑΝΝΗΣ-ΠΑΥΛΟΣ ΚΩΝΣΤΑΝΤΑΚΑΤΟΣ

Too risky compared to cash for relatively little reward, especially as so many banks these days are financially unstable imo
Comment from : P Lweis

The term hide your money under the floor boards and under the mattress hasnt been used for decades for no reason
Comment from : lushbikes

Or maybe you are a tory donor, and you have sold some worthless PPE, and want invest it somewhereoops wrong video
Comment from : Stephen Walters

Money Market funds you pay a commission with NO guarantee of increase in value
Comment from : Someone else

I get 47 from a fixed term in the bank paid monthly interest, quite happy with this and another account I get 55 but thanks for covering MMF's never knew about this before
Comment from : Peshiolini

I suggest everyone goes to Vegas and places their entire wealth on Black at the Casino, just one spin and leave…Good Luck ya’ll !
Comment from : Monty

Where do you keep your wealth? If you are poor, mostly in cash or at the bank As your wealth grows, you move your wealth into productive assets like stocks and real estatebrbrDon't try and chase yields on your parked cash Over time, productive assets will amply reward you
Comment from : matzouks

WHOA! Okay, I may be wrong, but I am getting over 4 with Chase which is now in the UK Why would I put my money in these funds when I get that rate at the bank? You just use a crummy bank and get 65 😂😂😂 Switch to the big beast bank and just focus on other things, vs worrying if my money is doing this or that in a money mkt fund Chase has no branches, but who goes to the bank? I only go there (Santander) to drop cash and move it to my Chase lol Wait FEEs on those platforms as well? C'mon I am American, so i guess I know Chase, and I will be the first to say, yes, evil banks, but look, the world is jacked up, CBDC's are coming, digital ID's are coming, get your 4 at Chase and if you like pulling your hair out over investments or parking cash, buy crypto/BTC or metals
Comment from : V3Tv

Thank you Do money market funds compound interesrt? if so how often typically?
Comment from : Migo Surf

With MMF - when interest pays it gains and next day it went back to minus than investment amount Does it mean investor has to sell every time interest pay and buy again after ?
Comment from : Sandar Cho

Your channel is really really really important for everyone alive!
Comment from : SVUVM DV

Why not dump cash into 13 week treasury bills 524 percent!
Comment from : swingman50

This only good for short term - this money will become trapped as digital currency and subject to you keeping a good social credit score
Comment from : Me Again

A catastrophic unique event 15 years after the previous catastrophic unique event?
Comment from : Archie

The title of this video is misleading, it’s possible that a person could lose 100 of their investment based on this video
Comment from : justin devaney

Not making up to a million before retirement is unfulfilled retirement!! I’m 54 and my wife 50 we are both retired with over $3 million in net worth and no debts Currently living smart and frugal with our money No longer putting blames on FED for our misfortunes Saving and investing lifestyle in the stock market made it possible for us this early, even till now we earn weekly
Comment from : Oleksiy Matviyenko

What are the management charges like on these funds?
Comment from : Flabby Bum

I had never heard of MMFs before How do I find a trustworthy one when there are so many online scams?
Comment from : John Parkin

I have a SIPP with Charles Stanley Direct and the money market fubds they have access to don't seem to have a decent return I would be interested to know what experience other people have had with their SIPP providers
Comment from : We-Are-Electric

i am happy saving with Mr PONZI
Comment from : mono

what do you think about Royal London Short Term Money Market Fund Y Acc?
Comment from : Justin

I think it is hilarious that there is a generation of people who actually believe these central banks control interest rates
Comment from : Robert D

I can't find money market funds on Trading 212, what am i doing wrong?
Comment from : Col Pro

you are ABSOLUTELY INCORRECT
Comment from : argtv100

Hi James Great content as ever A quick query, I am assuming that any gain would be treated as gross interest rather than CGT Would this interest have to be declared on a personal tax return regarding the amount accrued in any given tax year or on withdrawal of the money market product?
Comment from : Michael Norman

Great video James I'm looking into the CSH2 accumulating money market fund Does the gain get taxed like shares with CGT or like interest when outside an ISA?
Comment from : Lee Newell

Dude, your ideas can’t even beat the rate for the Apple Card savings account
Comment from : Mitchell Smith

With the digital mony in the usa money it no good in july
Comment from : Rod Helms

Two questions, is there a minimum limit of deposit and, do these fund providers report earnings to the inland revenue?
Comment from : turboslag

And also Gold bars Silver Platinum and Palladium precious metals people are switching to Profit wont been seen for approx 5 years but Gold has risen in value regardless of what currency is doing and banks are buying large amounts too
Comment from : Caroline D