#Depositing Funds

[jobsinfoandnewsupdate]

Can I Invest Bitcoin in Binance

Cryptocurrency is the financial world by storm, with Bitcoin working the way as a most popular investment choice. The potential of investing Bitcoin especially on the Binance platform. Buckle up as we survey the ins and outs of this excite speculation. Introduction In the advance technology of cryptocurrency, where fortunes are prepare and lost in the blink of an eye. Bitcoin stands as a beacon…

[creations-by-chaosfay]

Emergency Roof Repair and Storm Cleanup Commissions

As mentioned in previous posts and pinned @anotherdayforchaosfay , we have just been through a natural disaster. Please read the pinned post on that blog. Updates will be added once we get outside and photograph the damage for our insurance claim.

I have opened commissions three months earlier than planned because we need to raise money to cover our insurance deductible as well as hiring someone to remove the tree from our roof and yard. The tree is owned by a lazy landlordlord who owns the property next door. We have told him repeatedly it needs to be trimmed or there will be damage. His property got a quick install sunroof.

I have four slots available across the board and prices start at $150 USD.

I have made the option of commissioning me for a quilt available. Three finished quilt tops are listed as commissions because they're ready for handquilting. Several people have inquired about one of the tops, so now's your chance to have it done sooner than later.

If you can do only a partial payment right now, DM me. I'll write up a contract for payments, and will require 50% upfront and weekly/monthly installs after that. You will then receive an invoice.

Commissions will begin immediately because we now have power.

I will close commissions when all slots are filled or June 1st, 2024. Whichever happens first (hopefully the former). If slots are filled, I will reopen them again after I finish all the commissions. I work fast and may complete six quilts netween now and then.

Donations are accepted,and there are four listings available in my shop with the option to pay more than my asking price (if you add an extra zero, I may very well cry).

Samples of my work below as well as in my gallery.

[phoenixyfriend]

Ko-Fi prompt from Isabelo:

Hi! I'm new to the workforce and now that I have some money I'm worried it's losing its value to inflation just sitting in my bank. I wanted to ask if you have ideas on how to counteract inflation, maybe through investing?

I've been putting this off for a long time because...

I am not a finance person. I am not an investments person. I actually kinda turned and ran from that whole sector of the business world, at first because I didn't understand it, and then once I did understand it, because I disagreed with much of it on a fundamental level.

But... I can describe some factors and options, and hope to get you started.

I AM NOT LEGALLY QUALIFIED TO GIVE FINANCIAL ADVICE. THIS IS NOT FINANCIAL ADVICE.

What is inflation, and what impacts it?

Inflation is the rate at which money loses value over time. It's the reason something that cost 50 cents in the 1840s costs $50 now.

A lot of things do impact inflation, like housing costs and wage increases and supply chains, but the big one that is relevant here is federal interest rates. The short version: if you borrow money from the government, you have to pay it back. The higher the interest rates on those loans, the lower inflation is. This is for... a lot of reasons that are complicated. The reason I bring it up is less so:

The government offers investments:

So yeah, the feds can impact inflation, but they also offer investment opportunities. There are three common types available to the average person: Bonds, Bills, and Notes. I'll link to an article on Investopedia again, but the summary is as follows: You buy a bill, bond, or note from the government. You have loaned them money, as if you are the bank. Then, they give it back, with interest.

Treasury Bills: shortest timeframe (four weeks to a year), and lowest return on investment. You buy it at a discount (let's say $475), and then the government returns the "full value" that the bond is, nominally (let's say $500). You don't earn twice-yearly interest, but you did earn $25 on the basis of Loaning The Government Some Cash.

Treasury Notes: 2-10 year timeframe. Very popular, very stable. Banks watch it to see how they should plan the interest rates for mortgages and other large loans. Also pretty high liquidity, which means you can sell it to someone else if you suddenly need the cash before your ten-year waiting period is up. You get interest payments twice a year.

Treasury Bonds: 20-30 years. This is like... the inverse of a house mortgage. It takes forever, but it does have the highest yield. You get interest payments twice a year.

Why invest money into the US Treasury department, whether through the above or a different government paper? (Savings bonds aren't on sold the set schedule that treasury bonds are, but they only come in 30-year terms.)

It is very, very low risk. It is pretty much the lowest risk investment a person can make, at least in the US. (I'm afraid I don't know if you're American, but if you're not, your country probably has something similar.)

Interest rates do change, often in reaction or in relation to inflation. If your primary concern is inflation, not getting a high return on investment, I would look into government papers as a way to ensure your money is not losing value on you.

This is the website that tells you the government's own data for current yield and sales, etc. You can find a schedule for upcoming auctions, as well.

High-yield bank accounts:

Savings accounts can come with a pretty unremarkable but steady return on investment; you just need to make sure you find one that suits you. Some of the higher-yield accounts require a minimum balance or a yearly fee... but if you've got a good enough chunk of cash to start with, that might be worth it for you.

They are almost as reliable as government bonds, and are insured by the government up to $250,000. Right now, they come with a lower ROI than most bonds/bills/notes (federal interest rates are pretty high at the moment, to combat inflation). Unlike government papers, though, you can deposit and withdraw money from a savings account pretty much any time.

Certificates of Deposit:

Okay, imagine you are loaning money to your bank, with the fixed term of "I will get this money back with interest, but only in ten years when the contract is up" like the Treasury Notes.

That's what this is.

Also, Investopedia updates near-daily with the highest rates of the moment, which is pretty cool.

Property:

Honestly, if you're coming to me for advice, you almost definitely cannot afford to treat real estate as an investment thing. You would be going to an actual financial professional. As such... IDK, people definitely do it, and it's a standby for a reason, but it's not... you don't want to be a victim of the housing bubble, you know? And me giving advice would probably make you one. So. Talk to a professional if this is the route you want to take.

Retirement accounts:

Pension accounts are a kind of savings account. You've heard of a 401(k)? It's that. Basically, you put your money in a savings account with a company that specializes in pensions, and they invest it in a variety of different fields and markets (you can generally choose some of this) in order to ensure that the money grows enough that you can hopefully retire on it in fifty years. The ROI is usually higher than inflation.

These kinds of accounts have a higher potential for returns than bonds or treasury notes, buuuuut they're less reliable and more sensitive to market fluctuations.

However, your employer may pay into it, matching your contribution. If they agree to match up to 4%, and you pay 4% of your paycheck into an pension fund, then they will pay that same amount and you are functionally getting 8% of your paycheck put into retirement while only paying for half of it yourself.

Mutual Funds:

I've definitely linked this article before, but the short version is:

An investment company buys 100 shares of stock: 10 shares each in 10 different "general" companies. You, who cannot afford a share of each of these companies, buy 1 singular share of that investment company. That share is then treated as one-tenth of a share of each of those 10 "general" companies. You are one of 100 people who has each bought "one stock" that is actually one tenth of ten different stocks.

Most retirement funds are actually a form of mutual fund that includes employer contributions.

Pros: It's more stable than investing directly in the stock market, because you can diversify without having to pay the full price of a share in each company you invest in.

Cons: The investment company does get a cut, and they are... often not great influences on the economy at large. Mutual funds are technically supposed to be more regulated than hedge funds (which are, you know, often venture capital/private equity), but a lot of mutual funds like insurance companies and pension funds will invest a portion of their own money into hedge funds, which is... technically their job. But, you know, capitalism.

Directly investing in the stock market:

Follow people who actually know what they're doing and are not Evil Finance Bros who only care about the bottom line. I haven't watched more than a few videos yet, but The Financial Diet has had good energy on this topic from what I've seen so far, and I enjoy the very general trends I hear about on Morning Brew.

That said, we are not talking about speculative capital gains. We are talking about making sure inflation doesn't screw with you.

DIVIDENDS are profit that the company shares to investors every quarter. Did the company make $2 billion after paying its mortgages, employees, energy bill, etc? Great, that $2 billion will be shared out among the hundreds of thousands of stocks. You'll probably only get a few cents back per stock (e.g. Walmart has been trading at $50-$60 for the past six months, and their dividends have been 57 cents and then 20.75 cents), but it adds up... sort of. The Walmart example is listed as having dividends that are lower than inflation, so you're actually losing money. It's part of why people rely on capital gains so much, rather than dividends, when it comes to building wealth.

Blue Chip Stocks: These are old, stable companies that you can expect to return on your investment at a steady rate. You probably aren't going to see your share jump from $5 to $50 in a year, but you also probably won't see it do the reverse. You will most likely get reliable, if not amazing, dividends.

Preferred Stocks: These are stock shares that have more reliable dividends, but no voting rights. Since you are, presumably, not a billionaire that can theoretically gain a controlling share, I can't imagine the voting rights in a given company are all that important anyway.

Anyway, hope this much-delayed Intro To Investing was, if not worth the wait, at least, a bit longer than you expected.

Hey! You got interest on the word count! It's topical! Ish.

[metamatar]

so i finally have some money saved up and was gonna put it in a certificate of deposit type thing for next summer bc im not sure if i'll get funded next summer but the interest rates are lower for longer term deposits? what is wrong with the united states.

[a-hearts-a-heavy-burden]

I'm eligible to apply for funding for college!! I sent my application with the fee and now it's a waiting game. This will drastically change my life and, if I'm successful, they're willing to cover books, 95% of tuition and provide a living allowance.

The course I'll be taking is Library and Information Technology. Which is something I've been wanting to take for a few years now. It'll open so many doors and allow me to make a living doing something I'm passionate about.

I'm currently hoping to find a way to cover my deposit ($200) to hold my seat. I should have no issue being accepted but they do not cover the fee to hold my seat.

Please send good vibes for luck and success. Also, and this is ONLY if you can, I'll have my PayPal below if anyone can help me out towards the cost of the deposit. Again, no obligation at all. Only if you're able and truly want to help.

Otherwise I only ask you to send me hope for success and maybe light a candle for prosperity and abundance. I already feel quite blessed. 💜

[blodwyrm]

ref sheet for ZeCardimima on toyhouse! 🌸🌷

[sudaca-swag]

if you want me to be happy you guys can send me buscalibre coupons (and dollars)

[melodraca]

the social assistance programs in my province are run by fucking clowns 😭

[flamingpen18]

The Fit Hits The Sham

Our security deposit for the house was $2600. This was loaned to Dave by the guy he has been working for. The agreement was that Dave would work it off. Now this guy is demanding his money and backing out of the agreement.

I'm sure I don't have to tell you that we are scared out of our minds at being homeless again. I know I can't physically do it anymore. So, we are stuck having to try to raise that money asap.

I was waiting for something to happen. Nothing ever goes smoothly in my life. It's been one shit show after another since 2014. Plus, @helly-watermelonsmellinfellon both agreed that we didn't think this place was going to be permanent. The way fate makes us its whipping boy has caused us to not have much hope.

This really sucks because the holidays are around the corner, and we don't even have any money to do anything. Heck, we don't even have money to get the propane tank filled for heat.

If anyone could help us again it would be greatly appreciated. Please share the GFM as well. TIA!

[princemick]

You should sell your art as posters and stuff

if there was an easy way to (thats not redbubble) I deff would!

[spacelazarwolf]

it’s my least favorite time where i beg for money on the internet bc we live in a capitalist hellscape. tldr it would be amazing if folks could help me pay for gas to get to work today (aiming for around $25.)

basically, i’ve been off work for a significant chunk of the last two-ish months because i had surgery and then got covid, and since i’m not salaried and don’t have sick time, if i don’t work i don’t get paid. all in all, i lost out on around $1000 worth of missed work. i’m not trying to make all that up, because i’ve been able to mostly stay afloat, but i have to go back to work today and i have -$9 in my bank account and no gas in my car, and my next paycheck for the remote work i was able to do doesn’t hit till tomorrow, so i just need enough to get to and from work today.

[gaygnomegirl]

opened a savings account at a different bank and im so glad stuff is online nowadays i cant imagine having to go in person to break up with a bank. the awkwardness.

[bitnestloop]

BitNest

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[herawell]

.

[an-aura-about-you]

did my first shift at evil backstabbing job today. it went well, and the day ended with me getting set up for my pay (prepaid card, current bal $0.00, runs on Mastercard network so bad because they can randomly have 30 day authorization holds for purchases) and a bag of apples (red delicious, awful) and plums (ok not great).

so yeah living up to the evil bit of an evil organization.

[pinolitas]

i hate reading the comments on news articles its always batshit insane right wingers