If you put your son's college fund into the best high-yield FDIC insured bank account making 3% (current Marcus rate) you're fucking him over. At least put it in an index fund. If number stops going up he won't have to worry about paying for college because American capitalism will finally have been destroyed.
lmao 5% would be positively restrained. these frauds never promise less than 20% guaranteed. they're determined to make Bernie Madoff look conservative.
Actually, BlockFi, Celsius, etc. promised like 9-13%. Higher returns are available but are more up-front about the risk, these products pitched themselves as being safe as checking accounts which is obviously not true. I like this site but it frustrates me when it intersects with stuff I know a lot about.
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If you put your son's college fund into the best high-yield FDIC insured bank account making 3% (current Marcus rate) you're fucking him over. At least put it in an index fund. If number stops going up he won't have to worry about paying for college because American capitalism will finally have been destroyed.
lmao 5% would be positively restrained. these frauds never promise less than 20% guaranteed. they're determined to make Bernie Madoff look conservative.
Actually, BlockFi, Celsius, etc. promised like 9-13%. Higher returns are available but are more up-front about the risk, these products pitched themselves as being safe as checking accounts which is obviously not true. I like this site but it frustrates me when it intersects with stuff I know a lot about.
aww shit, the obvious scams only promised ponzi scheme level returns. they're so reasonable.
Not defending them, just pointing out you don't seem to know basic facts about this sector.