Duke Nivram
(Something Clever)
I have a 401k I think? If my numbers are right, I'm contributing something like 2 grand to it annually. That makes me feel like I'm going to retire penniless. Well, no, if it does nothing but sit there it will be $80k by the time I'm 70, given no increase in contribution, but consistent for the next 40-some years.
I'm an engineer and I'm under 30. While the numbers fascinate me, I just can't get excited about investing. It feels like an old people concern (not to sound demeaning if that's your profession, that's different). My dad likes to sit and play with investments now that he's retired.
I know it's something I need to get serious about, and it doesn't make sense not to. I'm smart. I'm good with maths n stuff. I've put it off a few years already. My money is happy hanging out in a pitiful savings account accumulating all of .05% or some wretchedly horrid amount. But it's not all that much, it's all I've got, and it's available tomorrow should I crash my car or lose a leg or something requiring money NOW.
Anything is better than nothing. regarding your saving rate of return shop online banks they tend to have a bit higher rate and while it not as accessable as your banks savings it only takes a day or two to get the $$$ i know ge capital bank has a .90% rate while not great any increase is better than nothing.