Posts by Kimberly Lewis3

Kimberly Lewis3 said:I need to figure out how to make about $45,000 grow over the next year.
Maybe some other advice too. Thanks!😢

Split it up. Put half into stocks—half through capital gains strategies and the other half through strategic investments. Definitely put a chunk into a housing savings account, and maybe a small portion into some low-risk bond funds for steady income. You could look at real estate, but you won't see those returns quickly enough. With stocks, you can actually stay active with it.

Whatever you do, don't just park it in a standard bank savings account. That's for people who don't know any better.

You can track and print every single transaction as proof. If you need an official bank statement to prove a payment—something they’d usually make you verify in person at a branch—you'll have to pay a fee for the printout. That’s really the only downside.

Personally, I use Retail Banking for my private accounts (I jumped ship from JPMorgan Chase because their fees were getting ridiculous), but I use Hypo for work. JPMorgan Chase definitely has the best e-commerce interface, while Hypo is easily the worst. Of course, JPMorgan Chase makes up for it by hitting you with high maintenance fees and stuff, but that’s a conversation for another day.

Good luck.

The Stooges 👍 👍 👍