Is this wealth strategy smart?>keep money in a high yield savings account that pays monthly compound interest >invest this compounded interest into an S&P 500 index fund every monthExample:>$5,000 in a 4% yield savings account >make $200 monthly for doing nothing>put this $200 into an ETF like VOO
>>61651244>$5,000 in a 4% yield savings account>make $200 monthly for doing nothingLearn financial mathematics retard lol.
>>616512444 percent a year
>>61651244Why wouldn't you just put the entire amount in something like VOO? Stocks pay dividends and can appreciate, whereas the interest from a savings account is because the principle amount is losing value
>>616512444% where do you get this? With inflationary money? Monopoly money? Like the USD. Here in Switzerland you'd be glad to suck a bankers dick for anything more than 0.1%. Festgeldkonten give you max 1%>
>>61651244>>61651298you need to be 18 to post here
>>61651351>switzerlandyou have to suck your jewish landlords dick for fire exit too it seems.
>>61651244Oh wow it's so easy if I just put $100,000 in a basic MMA account I'll get $8000 a month and retire in comfort!
>>61651244I hate the faggot that keeps shilling VOO in every fucking thread for months now. This is a crypto forum you big mongoloid. Do a 360 and take your 4% monthly APR with you
>>61651244You know the interest on high yield savings accounts are counted by their annual figure, right?
xD nice baitfinance.exe stopped working
