>be a man of god>gambling is bad, i will never invest>just keep money in bank for simple interest rate>find out banks are only insuring people for $100k in case of a crash>have more than $100k in the bank, at risk should it crash>family tells me to split my money between two banks>that would be smart>but counter point, i'm also very lazy and it would be a bother to have two banks to track ofhow do i tell my family that i'm retarded?
I don't trust bleeps and bloops either.FDIC insures up to 250K. Read the fine print and expect a wait time on being made whole.Investing is not evil. You are meant to manage your money and business wisely.
> 15 To one he gave five talents,[b] to another two, to another one, to each according to his ability. Then he went away. 16 He who had received the five talents went at once and traded with them, and he made five talents more. 17 So also he who had the two talents made two talents more. 18 But he who had received the one talent went and dug in the ground and hid his master's money. 19 Now after a long time the master of those servants came and settled accounts with them. 20 And he who had received the five talents came forward, bringing five talents more, saying, ‘Master, you delivered to me five talents; here, I have made five talents more.’ 21 His master said to him, ‘Well done, good and faithful servant.[c] You have been faithful over a little; I will set you over much. Enter into the joy of your master.’ 22 And he also who had the two talents came forward, saying, ‘Master, you delivered to me two talents; here, I have made two talents more.’ 23 His master said to him, ‘Well done, good and faithful servant. You have been faithful over a little; I will set you over much. Enter into the joy of your master.’ 24 He also who had received the one talent came forward, saying, ‘Master, I knew you to be a hard man, reaping where you did not sow, and gathering where you scattered no seed, 25 so I was afraid, and I went and hid your talent in the ground. Here, you have what is yours.’ 26 But his master answered him, ‘You wicked and slothful servant! You knew that I reap where I have not sown and gather where I scattered no seed? 27 Then you ought to have invested my money with the bankers, and at my coming I should have received what was my own with interest. 28 So take the talent from him and give it to him who has the ten talents. 29 For to everyone who has will more be given, and he will have an abundance. But from the one who has not, even what he has will be taken away.
>>61665027Not sure how to interpret this confidently. What do you take from it?
you get maybe 4% interest in a bank account and that interest is taxed as income. You get 8-10% in an index fund and it is only taxed as capital gains when you sell, meaning unrealized gains are not taxed. do the math>crashesonly relevant if you want the money in the short term, in the long term they are completely irrelevant and chances are you won't even notice they happen at all if you set and forget.
>>61662626100k per account not per personJust make more accounts
>>61666068Buy and stow silver in your closet, dont tell anyone
>>61662626banks are scams, only use them if you need to write a check or send money. Otherwise hold treasuries or money market funds instead, same interest rate with less risk.
>>61662626I am also a man of God and the good news is that Bitcoin is completely Christian and Christ would love it.>Completely transparent, no arcane black magic (debt-based fiat currency)>Accessible to all & decentralized (controlled by noderunners)>Money Changers cannot make more of it (you know, the people Christ whipped out of the temple)>anti-Usury Using fiat currency is allowing the Synagogue of Satan to run rampant and steal the people's wealth and purchasing power. Bitcoin is real money that protects that.
>>61662626Buy short term treasury bonds.
>>61665027>Master, I knew you to be a hard man, reaping where you did not sow, and gathering where you scattered no seed,I don't get this part
>>61666068A "talent" is actually an amount of silver>>61668084I think the servant was just bitching.
>>61662626investing isn't gambling, when i invest the stocks only go up, if I ignore the times that they corrected downwards
>>61666777
