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shnxx · 16 April 2013, 05:21 PM

I was wondering if any of you guys used high-interest checking accounts.
Currently I've been using a regular checking account for liquid cash but it doesn't seem like a good way to maximize my returns.

Darlinboy · 16 April 2013, 08:28 PM

"High-interest" these days doesn't mean much. If you don't need the cash in the near future there are better vehicles to park it e.g. CD's. Even those won't get you more than a few more tenths of a percent in return.

Outside of taking on a lot more risk, your options are very limited for short-term returns.

shnxx · 16 April 2013, 08:50 PM

I see. Perhaps I should go with benefits over interest for checking accounts then...

cop414 · 16 April 2013, 08:56 PM

Quote:

Originally Posted by Darlinboy

"High-interest" these days doesn't mean much. If you don't need the cash in the near future there are better vehicles to park it e.g. CD's. Even those won't get you more than a few more tenths of a percent in return.

Outside of taking on a lot more risk, your options are very limited for short-term returns.

+ 1 on this, shop around but don't hold your breath these days, if it needs to be liquid your rate is going to be close to zilch.

padi56 · 16 April 2013, 08:59 PM

Quote:

Originally Posted by shnxx

I was wondering if any of you guys used high-interest checking accounts.
Currently I've been using a regular checking account for liquid cash but it doesn't seem like a good way to maximize my returns.

If I have a 100K then I am sure I would know or ask professional advice where to invest for best return.

MonBK · 16 April 2013, 09:02 PM

Quote:

Originally Posted by padi56

If I have a 100K then I am sure I would know or ask professional advice where to invest for best return.

What do you mean by IF Peter?

shnxx · 16 April 2013, 09:18 PM

I'm still new to investing so everything is still theoretical (diversifying my portfolio, buying mutual funds, bonds and ETFs and etc seem like good ideas but how does one actually do these things??).

Anyway who would you recommend for managing your 100k+?
I would still like to keep it relatively liquid.

chicfarmer1 · 16 April 2013, 09:21 PM

Quote:

Originally Posted by shnxx

I'm still new to investing so everything is still theoretical (diversifying my portfolio, buying mutual funds, bonds and ETFs and etc seem like good ideas but how does one actually do these things??).

Anyway who would you recommend for managing your 100k+?
I would still like to keep it relatively liquid.

1. Don't look for financial tutoring on a watch forum. Seriously. You may as well ask at Chowhound.com.

East Bay Rider · 16 April 2013, 09:35 PM

I'd be glad to send you a deposit slip for my checking account. You can keep it there for free.

77T · 16 April 2013, 09:36 PM

Quote:

Originally Posted by chicfarmer1

1. Don't look for financial tutoring on a watch forum. Seriously. You may as well ask at Chowhound.com.

Well, I wouldn't go that far

OP: Send it here

Peter and the chicfarmer are basically right - advice here will vary because we have already gone throught the process you should be doing.

First: Define your ultimate goal(s) and timeframe(s).
Next: Define liquidity - few of us need $100K in ready cash unless we run a business with high "spot" capital demands.
Last: Decide if you want control over day-to-day decisions, or if you can allow someone else to actively manage it.

Then you can decide where to put it and with whom...

seand442 · 16 April 2013, 09:37 PM

Quote:

Originally Posted by chicfarmer1

1. Don't look for financial tutoring on a watch forum. Seriously. You may as well ask at Chowhound.com.

X2. Best advice ever.

Talk to family or friends and see what they use.

theloxmyth · 16 April 2013, 09:38 PM

Quote:

Originally Posted by chicfarmer1

1. Don't look for financial tutoring on a watch forum. Seriously. You may as well ask at Chowhound.com.

LOL!

My advise to the OP is to BUY WATCHES.

Lisa · 16 April 2013, 10:03 PM

Hey, I've actually found quite good financial advice here.

Some Rolex owners are quite savvy about investing - imagine that!

chicfarmer1 · 16 April 2013, 10:11 PM

^Heh. But you haven't asked for how to plan your portfolio, as OP seems to. I love me some watch people, but random comments on a nonfinance forum are worth the paper they're written on.

Yanks213x · 16 April 2013, 10:18 PM

Barclays has an online savings account which yields %1 apy. That's the highest percentage you'll get on a savings account. If you are not comfortable investing yourself ..ie stocks.. Then keep the money in that account until you do feel comfortable and/or search for a financial advisor. It's going to take some work on your end to maximize the return with the least amount of risk.. Even financial advisors can be sketchy.. There are a lot of options out there.. You just have I do what you feel is best.

Ps
I wouldn't do long CDs. No sense locking up your money for such a small return

Monte Cristo · 16 April 2013, 10:35 PM

...in a Patek 5270 or something?

Hey this is a watch forum, what did you expect

Rolexis · 16 April 2013, 10:50 PM

I would say Vintage Rolex Stock. AKA, 1665 DRSD, 6263, 6265, 5512, 1655, and don't forget to add a red 1680 too.

supernova · 16 April 2013, 10:59 PM

Nothing better than 10 SS Daytonas with $100k!

Kingair · 17 April 2013, 12:11 AM

Quote:

Originally Posted by Monte Cristo

...in a Patek 5270 or something?

Hey this is a watch forum, what did you expect

Great Alex

HAGOne

MilgaussMan1 · 17 April 2013, 12:49 AM

55 SHORT, 45 LONG, HAVE FUN.

JCP under 15$ is a good option. for now

shnxx · 17 April 2013, 12:52 AM

Lol thanks guys.

I will look for other forums.
I thought Rolex forum people would be pretty savvy with their money so it would be a better place to start than say sports forum lol.

threemonkeys · 17 April 2013, 12:55 AM

Pork bellies. Trust me on this.

Tools · 17 April 2013, 01:10 AM

100k really isn't much now days as far as investing is concerned.. At least, not if you still want access to it as you have described - high yield checking/saving accounts seldom see more than 1%..

The best return is still stocks if you have a diversified portfolio and can also absorb fees and costs.. Average stock portfolios are still returning about 9% but this is annually and not generally something that you buy one month then cash out the next or draw from to make a purchase.

Bonds and CD 's are safe but yield something in-between these two - put half in the bank and use the other half for some of these..

77T · 17 April 2013, 01:15 AM

Quote:

Originally Posted by supernova

Nothing better than 10 SS Daytonas with $100k!

I think you're on to something there!

Get 'em BNIB, open cards, put 'em in the safe and watch them grow in value...

mannyv11 · 17 April 2013, 01:49 AM

Quote:

Originally Posted by 77T

I think you're on to something there!

Get 'em BNIB, open cards, put 'em in the safe and watch them grow in value...

BINGO

jcd · 17 April 2013, 05:15 AM

Quote:

Originally Posted by threemonkeys

Pork bellies. Trust me on this.

MMMMMM bacon.....

seand442 · 17 April 2013, 06:31 AM

Frozen orange juice perhaps?

nick c · 17 April 2013, 06:31 AM

Chicken wings

HRV · 17 April 2013, 06:32 AM

Under your mattress

s14roller · 17 April 2013, 06:34 AM

Cars and watches.

16 April 2013, 05:21 PM	#1
shnxx "TRF" Member Join Date: Mar 2013 Location: Los Angeles Posts: 1,120	Where to keep 100K? I was wondering if any of you guys used high-interest checking accounts. Currently I've been using a regular checking account for liquid cash but it doesn't seem like a good way to maximize my returns.

16 April 2013, 08:28 PM	#2
Darlinboy 2024 SubLV41 Pledge Member Join Date: Apr 2011 Real Name: DB Location: :noitacoL Watch: :hctaW Posts: 6,703	"High-interest" these days doesn't mean much. If you don't need the cash in the near future there are better vehicles to park it e.g. CD's. Even those won't get you more than a few more tenths of a percent in return. Outside of taking on a lot more risk, your options are very limited for short-term returns. __________________ Lorem ipsum dolor sit amet, consectetur adipiscing elit.

16 April 2013, 08:50 PM	#3
shnxx "TRF" Member Join Date: Mar 2013 Location: Los Angeles Posts: 1,120	I see. Perhaps I should go with benefits over interest for checking accounts then... __________________ newb watch collector

16 April 2013, 09:18 PM	#7
shnxx "TRF" Member Join Date: Mar 2013 Location: Los Angeles Posts: 1,120	I'm still new to investing so everything is still theoretical (diversifying my portfolio, buying mutual funds, bonds and ETFs and etc seem like good ideas but how does one actually do these things??). Anyway who would you recommend for managing your 100k+? I would still like to keep it relatively liquid. __________________ newb watch collector

16 April 2013, 09:35 PM	#9
East Bay Rider "TRF" Member Join Date: Oct 2007 Real Name: Bill Location: East Bay RI Watch: GMT-II 16710LN Posts: 12,073	I'd be glad to send you a deposit slip for my checking account. You can keep it there for free. __________________ I bought a cheap watch from the crazy man Floating down canal It doesn't use numbers or moving hands It always just says "now" Now you may be thinking that I was had But this watch is never wrong And if I have trouble the warranty said Breathe In, Breathe Out, Move On J. Buffett Instagram: eastbayrider46

16 April 2013, 10:03 PM	#13
Lisa "TRF" Member Join Date: Sep 2007 Location: oklahoma city Posts: 15,741	Hey, I've actually found quite good financial advice here. Some Rolex owners are quite savvy about investing - imagine that!

16 April 2013, 10:11 PM	#14
chicfarmer1 "TRF" Member Join Date: Oct 2010 Real Name: J Location: USA Midwest Watch: Midsize Datejust Posts: 2,611	^Heh. But you haven't asked for how to plan your portfolio, as OP seems to. I love me some watch people, but random comments on a nonfinance forum are worth the paper they're written on.

16 April 2013, 10:18 PM	#15
Yanks213x "TRF" Member Join Date: Jan 2013 Real Name: Mike Location: Long Island Watch: 14060m Posts: 342	Barclays has an online savings account which yields %1 apy. That's the highest percentage you'll get on a savings account. If you are not comfortable investing yourself ..ie stocks.. Then keep the money in that account until you do feel comfortable and/or search for a financial advisor. It's going to take some work on your end to maximize the return with the least amount of risk.. Even financial advisors can be sketchy.. There are a lot of options out there.. You just have I do what you feel is best. Ps I wouldn't do long CDs. No sense locking up your money for such a small return

16 April 2013, 10:35 PM	#16
Monte Cristo "TRF" Member Join Date: Apr 2012 Location: Sydney Watch: ing you... Posts: 3,775	...in a Patek 5270 or something? Hey this is a watch forum, what did you expect __________________ 'I am easily satisfied with the very best' - Winston Churchill

16 April 2013, 10:50 PM	#17
Rolexis Member Join Date: Oct 2011 Real Name: Hank Location: Wachula Watch: Had many love all Posts: 476	I would say Vintage Rolex Stock. AKA, 1665 DRSD, 6263, 6265, 5512, 1655, and don't forget to add a red 1680 too.

16 April 2013, 10:59 PM	#18
supernova "TRF" Member Join Date: Jun 2012 Location: Europe/Asia Watch: AP/Rolex Posts: 1,352	Nothing better than 10 SS Daytonas with $100k!

17 April 2013, 12:49 AM	#20
MilgaussMan1 Member Join Date: Nov 2012 Location: Signapore Posts: 196	55 SHORT, 45 LONG, HAVE FUN. JCP under 15$ is a good option. for now

17 April 2013, 12:52 AM	#21
shnxx "TRF" Member Join Date: Mar 2013 Location: Los Angeles Posts: 1,120	Lol thanks guys. I will look for other forums. I thought Rolex forum people would be pretty savvy with their money so it would be a better place to start than say sports forum lol. __________________ newb watch collector

17 April 2013, 12:55 AM	#22
threemonkeys "TRF" Member Join Date: Feb 2011 Real Name: Craig Location: Seattle-ish, USA Watch: GMTIIc, AK, LVc Posts: 7,022	Pork bellies. Trust me on this.

17 April 2013, 01:10 AM	#23
Tools TRF Moderator & 2024 SubLV41 Patron Join Date: May 2007 Real Name: Larry Location: Mojave Desert Watch: GMT's Posts: 43,514	100k really isn't much now days as far as investing is concerned.. At least, not if you still want access to it as you have described - high yield checking/saving accounts seldom see more than 1%.. The best return is still stocks if you have a diversified portfolio and can also absorb fees and costs.. Average stock portfolios are still returning about 9% but this is annually and not generally something that you buy one month then cash out the next or draw from to make a purchase. Bonds and CD 's are safe but yield something in-between these two - put half in the bank and use the other half for some of these.. __________________ (Chill ... It's just a watch Forum.....) NAWCC Member

17 April 2013, 06:31 AM	#27
seand442 "TRF" Member Join Date: Apr 2007 Location: Earth Watch: 116610 Posts: 3,455	Frozen orange juice perhaps? __________________ NEVER ARGUE WITH AN IDIOT. FIRST THEY WILL DRAG YOU DOWN TO THEIR LEVEL. THEN, THEY WILL BEAT YOU WITH EXPERIENCE.

17 April 2013, 06:31 AM	#28
nick c Banned Join Date: Feb 2012 Location: Canada Posts: 26,846	Chicken wings

17 April 2013, 06:32 AM	#29
HRV "TRF" Member Join Date: Apr 2012 Real Name: Andrew Location: johannesburg Watch: ROLEX Posts: 4,407	Under your mattress

17 April 2013, 06:34 AM	#30
s14roller "TRF" Member Join Date: Jul 2011 Location: US Posts: 3,257	Cars and watches.

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