I have a few grand sitting in my checking account. It's not really worth it to move it to savings beings the yield is so low, but I know that by letting my money collect dust I'm technically losing value to inflation.
None of my family or friends (that I'm aware of) invest or take advantage of bonds. I'm from a pretty rural area so most people here are lost on the subject.
I was just wondering, would you guys suggest Robinhood since it's FDIC backed, High Yield savings, or bonds?
I had read something about bonds being the best bet if I don't mind my money being tied up because there aren't state or local taxes?
Are there any risks tied to bonds?
If there's a decent possibility of losing money, I'm weary. I want to be as safe as possible which is the only reason I don't chuck it in SPY or VOO.
Thank you guys in advance and sorry if you get this question a thousand times a week.
Submitted November 30, 2023 at 11:32PM by retardedpanda1 https://ift.tt/DMpsWQm
