Hello, I've been binging on your videos for over an hour now - THIS ONE BEING THE FIRST ONE - that said; thank you so much for making it plain and simple for a novice like me - I understand how to make interest on money so much better now and for that reason I'm a new subby. Thank you again.
Certificate of Deposits (CDs): Can you please let me know as to which bank arranges opening of CDs at other banks to overcome the 250K FDIC insurance limit.
Perfect timing on this topic as I am looking at several methods of building wealth I will be sharing your video in one of Facebook groups as this topic will definitely be of interest to some members.
You can have joint accounts at the same bank with different types all covered joint for $500k. A CD, savings account and IRA would get you $1.5m of FDIC coverage
Hey this is a kind a weird angle but I was thinking how cities use bonds to pay for projects. Those bonds often entail raising tax rates on property owners. To offset your property tax obligation just invest in muni bonds to earn tax free interest which can be used to pay your property taxes.
WOULD LOVE TO SEE MORE DETAILS on these 7 starting with the more exotic, less known such as: 1. Syndications 2. Peer to Peer 3. Notes and Loans The others are already well covered on YT but based on the response of the above 3 you could do an entire 7 part series on these.
It is still disheartening to receive 5% on savings, knowing inflation is running considerably higher. Been watching Toby for months but never feel comfortable contacting his organization. Is his services only for those with 6 figure incomes and 7 figure assets or at what point can someone jump in?
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1. High yield savings
2. CDs
3. Bonds
4. Peer to peer lending
5. Money market
6. More peer to peer
7. Syndications
Excellent video as always. Can we please have more info on 4, 6, 7 those are new to me..
You are a good teacher, Toby.
Hello, I've been binging on your videos for over an hour now - THIS ONE BEING THE FIRST ONE - that said; thank you so much for making it plain and simple for a novice like me - I understand how to make interest on money so much better now and for that reason I'm a new subby. Thank you again.
Thank you so much for your kind words and for subscribing! I appreciate your support.
There are also CLO ETFs, like JBBB, JAAA, PAAA, CLOV, PUTW
Thank you for your informative video.
One question ❓
Have you ever heard of Secured Investment Contracts?
Thanks so much for a valuable info🙏
Good one Toby!!!!
wow! thank you Toby, I didn't know there were safe peer to peer lending opportunities out there. I will check your suggestions out. Great content ❤
I'm glad you found the information helpful!
I feel like dividends are a better option in increasing someone's money
Do both whos stopping u more money
Riskier
Dividends are great!👍
Peer 2 peer was news to me!!
thank you for good info
thank you!
Whats the lowest amount can open these accounts
Certificate of Deposits (CDs):
Can you please let me know as to which bank arranges opening of CDs at other banks to overcome the 250K FDIC insurance limit.
What about preferred stock?
Wonderful video
Many thanks
I love how he talks about the ways of exceeding the FDIC $250,000 insurance limit, as if I had the slightest risk of ever getting that high!
Words become flesh
Perfect timing on this topic as I am looking at several methods of building wealth
I will be sharing your video in one of Facebook groups as this topic will definitely be of interest to some members.
I'm looking for a Facebook stock group. Please, what's the name of this group?
Peer to peer you have to charge a market interest rate and report it to the IRS as income? Per IRS code?
FDIC insurance is $500k for a joint account
Great overview
You can have joint accounts at the same bank with different types all covered joint for $500k. A CD, savings account and IRA would get you $1.5m of FDIC coverage
Let's go coach!!
Hey this is a kind a weird angle but I was thinking how cities use bonds to pay for projects. Those bonds often entail raising tax rates on property owners. To offset your property tax obligation just invest in muni bonds to earn tax free interest which can be used to pay your property taxes.
Good idea. Municipalities cannot print money like the fed, so just make sure the local isn't broke and can actually pay back their bonds.
No precious metals?
Hi Toby! 😊 👍🏻👍🏻👍🏻
Thank you Toby!
My pleasure!
On bank cds, am I protected if I have 3 different cd with different pods
That total over the 250,000.
U rich
Interesting….
Hey Toby!
be a hard money lender.... woof.... I'll have to buy a tire iron
What about peer to peer? More detail please
Obbbb-scuuuu-riiii-tyyyyy
WOULD LOVE TO SEE MORE DETAILS on these 7 starting with the more exotic, less known such as:
1. Syndications
2. Peer to Peer
3. Notes and Loans
The others are already well covered on YT but based on the response of the above 3 you could do an entire 7 part series on these.
Thank you for your suggestion, I'll definitely consider making a video about them.
@@TobyMathis Agreed. Would be good to also know tax implications for the lesser known ones like peer to peer lending and syndications.
I live in North Carolina and prosper won't let me invest in them
You didn't mention Worthy bonds.
You missed Tax Liens and foreign bonds, they pay good interest.
You're supposed to put interest on tax filings?!? Oops!
Inflation out paces high yield savings, certificate of deposits. You'll lose money.
1
Muni bonds are Federal tax free, they are also state tax free it you get a bond for the state you live in. Do your homework and llk it up.
It is still disheartening to receive 5% on savings, knowing inflation is running considerably higher.
Been watching Toby for months but never feel comfortable contacting his organization.
Is his services only for those with 6 figure incomes and 7 figure assets or at what point can someone jump in?
High Yield Savings account interest rates can change at any time unfortunately.
So when the banks collapse. You are screwed. Get your money out and hang on from the wacko times.
Inflation has been 100% from 2019 to 2024, so...nah.