My 5 BEST Savings Accounts | RECESSION PROOF

My 5 best savings accounts in a recession:

My PO Box:
Andrei Jikh
4132 S. Rainbow Blvd # 270
Las Vegas, NV 89103

SOURCES:

*None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.

[sirfriendzone]

I really like Sofi. Btw, have you looked at VOC (up 94% ytd) and/or SJT (up 80% ytd).

If you invested in VOC on January 3rd, you'd be beating inflation by OVER 80% just on stock price. It also pays 15%+ dividends. 🤷

[fsaryhzeryi]

Great video as always. I notice that you display the AMCG431 ! I just got some too!

[simeonebarret]

Very valid points. Though ETF's are falling and bond yields are rising, but expositions still don’t seem convinced the Federal Reserve will pursue plans to keep increasing yield-rates until inflation* is under control. I'm still at crossroads with deciding if to liquidate my $357k stocck portfolio, what’s the best way to take advantage of this bear booth?

[coderkitchen]

Great information, thank you; plus love the desmos graph. I was wondering since you deducted the extra 20 which is the marginal tax for Robinhood, shouldn't the same apply for Sofi and other banks?

[snoopanoop]

We all appreciate the awesome content.

[dennisfranzen]

i really enjoy a lot of your video's. my personal choice is dca small amount into ada(cardano) and get the apy on the amount of crypto i have not the dollar value of the crypto. easy to do at same time of holding my own keys to my crypto with educated hopes of the crypto value going up over a 5-10 year hold.

[mattf]

I agree with the calculation to determine when it makes sense to pick one of the others over Robinhood but I disagree with the breakeven amount. The $5 monthly charge is changing the rate from 1.5% for free to 3.75%. So the formula for the breakeven point would actually be ".0225x - 80".

[bethms]

Hi Andrei! Thank you for your videos. Could you please do a video on how to use the ledger wallet?

[josewidow]

Andrei what strategy would you recomend, investing weekly or monthly? (in dividend stock, long term context)

[Mustang_eddie]

Why didn't you mention Discover? They have 2.75% apy

[s_]

Confused on the marginal tax. Don’t you still get taxed on the interest from the savings accounts? So wouldn’t there be another number to add to those equations as well?

[abetts]

APY vs APR. the yields should take compounding into effect so daily vs monthly doesn’t matter. It should be normalized

[persnikitty]

Other good options are Vio Bank (division of Midfirst Bank) with a Cornerstone Money Market currently at 3.52% APY, FDIC up to 250k; and Betterment's Cash Reserve of 3.2% APY with program banks being FDIC up to 1m (2m for joint accounts).

[josuechirinos]

I love your videos, they are detailed and really informative!
Just a little curious, are you still holding $coin?

[pvfeBAx]

Synchrony bank directly or through PayPal aren't too bad either

[fixerdrew]

I should point out to everyone on hear that each of these options, the APY is a moving target as the Fed keeps increasing rates

[KingFisher]

I’m no economist, but I don’t think that’s how you calculate compounding interest. The calculation he used is for simple interest. Someone feel free to correct me if I’m wrong.

[giocoss]

Thanks for this vid man I have been looking for high yield saving. I’ve been following you for years.

[tillbrook]

Would it be better to have 2.5% that compounds daily or a 3% that compounds monthly?

[tbbkralkertenkele]

should you sell a little of AMCG431 when you start to make a profit or just hold?