Posts by Henry Robinson3

Chris Mitchell11 said:You don't even need an account; it isn't tied to any specific bank at all. Honestly, I suspect the vast majority of those types of transactions—you know, just splitting a bill among friends—are handled entirely in cash these days anyway. So, banks aren't actually losing out on existing fee revenue (since those peer-to-peer transfers are pretty rare through traditional channels), but instead, they gain this vital new way to stay connected with customers from other institutions like JPMorgan Chase or Bank of America.

This is the only perspective that actually holds water.
Keep one thing straight: a bank never hands out anything for free.
Every single move they make is designed to squeeze out maximum profit—which isn't a crime in itself, but their biggest nightmare is hitting that tipping point where customers realize they're being fleeced and start pulling their money out of savings and checking accounts to dump it into something actually worth the interest.

Jeremy Jackson2 said:I've definitely seen that happen, unfortunately, but there's actually another issue here. Honestly, when money is in someone else's name—whether it's John Doe or my own flesh and blood—I just don't view it as "my" money, even though I was the one who deposited it. Once that cash hits a child's account, I basically stop counting it as part of my budget and try not to think about it too much. It’s not money meant for buying a nursery set, a new kitchen, kids' clothes, school supplies, or medical bills... no, that money is a gift specifically for the child. It belongs to them. Whether they choose to invest it wisely once they turn 18 or just blow it all on something silly? I guess I don't really care, because, well, it isn't mine anymore! My only real concern is making sure the value doesn't just evaporate, which feels like what's happening right now. So, my plan is to take my own separate money and buy gold equal to the value of what's in her account. Then I'll keep pulling from my own funds to buy more gold, because I want to keep saving for her, maybe so she can start a small business after high school or help pay for college.

So, yeah, this whole "buying gold" thing is kind of a relative concept... I really just need to find a way to ensure that the savings I'm building up for her over the years won't lose its value and just wither away.

Bravo. I totally get where you're coming from, and I'm 100% behind you on this.
Best,

Jeremy Jackson2 said:So, where would actually be the best place to pick up some gold? Like, which state should I look at? And if I do buy some, how does crossing state lines work—is it just a matter of carrying the receipt and being totally fine? Oh, and what if someone else is buying it on my behalf? How does the ownership transfer actually happen... I mean, does the receipt or the bill of sale show the actual buyer's name?
When you guys mention jewelry stores, is it really just any shop, or are there certain ones that are way more reliable and safer than others? Maybe some are better for this kind of thing?
And thanks, seriously, to everyone out there! Whether you're trying to steer me wrong or genuinely helping me out, I guess I don't mind... because honestly, any info is better than that pathetic 0% interest rate my bank is offering on my kid's savings account right now.

Just a heads-up: if that money is officially in the child's name (which it has to be if it's a dedicated savings account), making any investment from that account larger than $3.25 a month is going to cause you a massive headache later on..

Michelle Davis15 said:I’m going to take the liberty of introducing a wider audience to a top-tier new browser called Brave, which was developed by the same mind behind the Mozilla browser and JavaScript, Brendan Eich. I figured you all might find this interesting, because honestly, it takes a lot to actually impress me when it comes to IT stuff.

The browser just flies, and it handles ad-blocking with such elegance. I tested it out on some major US news sites that are usually absolutely choked with ads—sites that normally take forever to load—and it works flawlessly. It loads pages about 2 to 3 times faster than what I'm used to. Just to be clear, I have zero affiliation with the company.

brave com

installed
tried it
it kills it
(ipad-pro)

hey there..