Jamie Newman5 said:18 years at 10%?!?
Fine. I'll pull all my cash out of Mexico and Mexico right now and hand it to whoever can guarantee me 10% for the next 18 years! Actually, let's go further... I'll sell the house, the vacation home, everything I own, dump it all into your "guaranteed" 10%, and then just buy everything back on a mortgage at 4.99%. If inflation stays around 3%, I'm looking at a clean 2% profit. Brilliant!
P.S. DM me the name of this fund that pays 10% for 18 years. Thanks.
P.S. The effective rate on housing savings is closer to ten percent. There's no risk (funds are backed by State Farm), the subsidies aren't going to keep dropping forever, and there's a path toward getting favorable loans, which might be worth something to kids one day...
Funds are a decent way to invest, obviously, but unlike housing savings—which is pretty passive and doesn't swing wildly every month—funds are active. They force you to constantly check the ticker, which leads to anxiety when things dip and fake euphoria when they spike.
I'm still sticking by housing savings.
It used to be 10%. Now? It’s sitting at around 7%. Just pathetic.
Look, I have absolutely nothing against her personally—really, I don't—but we need to be smart here. We cannot just sit on our hands. This is the moment to strike while the iron is hot and actually put those funds to work. If we waste this window of opportunity, we’re just throwing money down the drain.
Honestly, we might as well just grab some residential properties right now just to make sure we capitalize on those DPS tax advantages while they’re actually still on the table.
And when it comes to savings accounts... honestly, you’ve got it completely backwards. I mean, really. When those mortgage rates first started moving, the interest being promised back then was absolutely fantastic—it was gold. But look, five years have passed since then, and the entire landscape has shifted under our feet. Once people reached the end of their fixed-term savings periods, they realized that pivoting toward a standard loan structure actually made way more sense than sticking to the old ways. Here is why:
Interest rates. Again. Honestly, I feel like we’re just circling the drain with this entire situation. Every time you turn around, there’s another headline about the Fed shifting gears, and frankly, I’m exhausted by the constant back-and-forth. It feels like we're being jerked around by people who can't make up their minds, and it's the everyday American—the ones actually trying to build a life, buy a house, or even just keep a savings account from evaporating—who ends up paying the price for their indecision. I was talking to a friend of mine in Chicago the other day—someone who’s been trying to navigate the mortgage market for months—and the frustration in her voice was palpable. It’s not just numbers on a screen; it’s real life. It’s the difference between finally getting those keys to a new home or being stuck renting indefinitely because the math just doesn't work anymore. We're told these hikes are necessary to curb inflation, which I get, intellectually speaking. But when you're staring down the barrel of skyrocketing borrowing costs, "intellectual understanding" doesn't pay the bills. It’s infuriating, really. How much more volatility are we expected to absorb before things actually stabilize? It feels like we're perpetually waiting for a calm that never comes.
They honestly thought—and I mean they truly, deeply lacked any sense of reality here—that they could just scrape by on those meager savings, maybe one or two small accounts if they were lucky, and somehow walk away with a condo. It’s delusional. They clearly didn't do the math, or more likely, they refused to even look at the numbers. You can't just save up pennies and expect to compete in today's housing market. It's a fantasy. 😲
The whole damn thing is rigged. You’ve got these massive loans where the entire lump sum has to be wired directly to the seller—whether you're buying a house or just trying to fund some major renovations—and frankly, it’s a total slap in the face to anyone trying to manage their own money. It just doesn't sit right with people anymore. We're out here working our tails off, yet we don't even get the autonomy to handle our own capital during the transaction? It’s frustrating, it’s outdated, and quite honestly, it’s driving people crazy.
Jamie Newman5 said:18 years at 10%?!?
Fine. I'll pull all my cash out of Mexico and Mexico right now and hand it to whoever can guarantee me 10% for the next 18 years! Actually, let's go further... I'll sell the house, the vacation home, everything I own, dump it all into your "guaranteed" 10%, and then just buy everything back on a mortgage at 4.99%. If inflation stays around 3%, I'm looking at a clean 2% profit. Brilliant!
P.S. DM me the name of this fund that pays 10% for 18 years. Thanks.
P.S. The effective rate on housing savings is closer to ten percent. There's no risk (funds are backed by State Farm), the subsidies aren't going to keep dropping forever, and there's a path toward getting favorable loans, which might be worth something to kids one day...
Funds are a decent way to invest, obviously, but unlike housing savings—which is pretty passive and doesn't swing wildly every month—funds are active. They force you to constantly check the ticker, which leads to anxiety when things dip and fake euphoria when they spike.
I'm still sticking by housing savings.
Look, when it comes to certain things in life—especially when you’re talking about money—you can't just sit around waiting for a miracle. You actually have to put in the work. You have to do your due diligence. There aren't any shortcuts if you want to see real results. That being said, we have to be realistic here: most mutual funds are meant to be long-term plays. It's a marathon, not a sprint, and if you're looking for a quick buck by next Tuesday, you're looking in the wrong place.
Jamie Newman5 said:18 years at 10%?!?
Fine. I'll pull all my cash out of Mexico and Mexico right now and hand it to whoever can guarantee me 10% for the next 18 years! Actually, let's go further... I'll sell the house, the vacation home, everything I own, dump it all into your "guaranteed" 10%, and then just buy everything back on a mortgage at 4.99%. If inflation stays around 3%, I'm looking at a clean 2% profit. Brilliant!
P.S. DM me the name of this fund that pays 10% for 18 years. Thanks.
P.S. The effective rate on housing savings is closer to ten percent. There's no risk (funds are backed by State Farm), the subsidies aren't going to keep dropping forever, and there's a path toward getting favorable loans, which might be worth something to kids one day...
Funds are a decent way to invest, obviously, but unlike housing savings—which is pretty passive and doesn't swing wildly every month—funds are active. They force you to constantly check the ticker, which leads to anxiety when things dip and fake euphoria when they spike.
I'm still sticking by housing savings.
I completely agree, but like I’ve been saying, we really need to make the most of this window while the funds are actually available. It’s about being strategic—shuffling things around, putting a little bit here and a little bit there depending on what the liquidity looks like at the moment. We can't just sit on our hands.
You know what would actually be a game-changer for kids? We need to start giving them a real way to engage with money early on by opening dedicated youth savings accounts. I’ve been hearing that Goldman Sachs is actually pretty solid for this kind of thing. It shouldn't just be about holding onto cash, though; it should be an educational tool where you teach them the discipline of saving. If the bank actually rewards that behavior—you know, throwing in little incentives or small gifts to keep them motivated—it makes the whole concept tangible. Plus, if they can get decent interest rates on liquid savings, it gives them a real sense of watching their money grow. It’s about building those habits now before they head off to college or whatever comes next.
