I'm ready to move my $ out of the stock market. Can you help me pick a fund?

[EasyMoney00]

I'm going to move my savings/checking from Bank of America to a credit union. I've been paying for things in cash lately.

Not sure how much cash you have but credit unions pay almost nothing in interest. I have a credit union and keep minimal amounts in there. You would be better off in a high yield savings account. Least they're getting almost 4% at the moment, subject to change of course.

[Atretes1]

Yes- I moved all of my retirement out of stocks last week. Honestly I'm really doing this because I'm rapidly approaching the point where I cannot give ONE MORE DIME of my money to Tesla, Meta, Amazon, Walmart, Target, etc. These billionaires are taking insane profits while we are work more and more for less and less. Health insurance costs are crazy. The greed is out of control. Billionaires are taking off the top in the vast majority of transactions in this country! If I'm refilling my kids school lunch account (it's online with a processing fee), using a rideshare, my credit cards are robbing people that don't pay on time at 30% interest.

I'm going to move my savings/checking from Bank of America to a credit union. I've been paying for things in cash lately.

I can live cheaper that I planned, I don't care. I can work longer (I need to work 1/2 time anyway to keep the health insurance). Well, who knows how much longer I will be working in my lab anyway, since my NIH funds might be stopped in May. Latest from the chair of my department is that all faculty are looking at ~35% pay cuts, which was a big relief to hear because that means they don't plan to let us go.

This is not like Trump's first term; billionaires are now running the show and they have mental issues to say the least. I think the stock market could crash in the coming weeks/months in a way we have never seen before (unless other branches of our government get a backbone, which is not likely it seems).

What did these billionaires do to make their profits? They are not just sitting around doing nothing. Go make yourself a billion dollars. I cant stand people that blame successful people.

[ua_guy]

Not sure how much cash you have but credit unions pay almost nothing in interest. I have a credit union and keep minimal amounts in there. You would be better off in a high yield savings account. Least they're getting almost 4% at the moment, subject to change of course.

Negative. We've found Credit Unions to have comparable or better rates for everyday products like checking, savings, CD's, and fewer fees like withdrawing money from a non-branch ATM. Credit unions are typically member-owned, so a lot of the profit that a typical bank takes away goes back into supporting its members.

I'll never forget the day I withdrew my money from BoA. Teller asked why I was closing my account. Because the bank wasn't competitive on anything was my answer, so I saw no use in continuing to do business there. Not for a vehicle loan, a mortgage, or even rates on savings accounts. "Oh, OK". -And then charged me $5 for a cashier's check to withdraw all the funds in my account. That's been my experience with them ever since. I've found much better engagement with both credit unions and community banks over the last ~15 years.

[ua_guy]

What did these billionaires do to make their profits? They are not just sitting around doing nothing. Go make yourself a billion dollars. I cant stand people that blame successful people.

I don't see blame, or accusations that billionaires sit around and do nothing? I see an individual investor investing his own money according to his own values. I think you're reading into something that OP didn't say.

[EasyMoney00]

Maybe it's just where I live but I haven't noticed any local banks offering 3.8% interest on a savings account. Our local credit union is around .02%. they do have competitive loans and CDs with good rates, but not a savings account.

I'm glad people are finding local credit unions who offer the same interest rates in savings accounts that online companies and huge banks do.

I just deposited $7k in cash at my credit union. Went home, logged into my hysa and transferred the money out immediately, lol. Literally the only reason we have a local bank. To deposit cash, and sometimes we get weird rebate checks that we can't deposit through our phone app.

[james.hendrickson]

I don't see blame, or accusations that billionaires sit around and do nothing? I see an individual investor investing his own money according to his own values. I think you're reading into something that OP didn't say.

Complaining about the rich is a common pastime, a lot of people are doing it these days.

[Fishindude77]

Yes- I moved all of my retirement out of stocks last week. Honestly I'm really doing this because I'm rapidly approaching the point where I cannot give ONE MORE DIME of my money to Tesla, Meta, Amazon, Walmart, Target, etc. These billionaires are taking insane profits while we are work more and more for less and less. Health insurance costs are crazy. The greed is out of control. Billionaires are taking off the top in the vast majority of transactions in this country! If I'm refilling my kids school lunch account (it's online with a processing fee), using a rideshare, my credit cards are robbing people that don't pay on time at 30% interest.

I'm going to move my savings/checking from Bank of America to a credit union. I've been paying for things in cash lately.

I can live cheaper that I planned, I don't care. I can work longer (I need to work 1/2 time anyway to keep the health insurance). Well, who knows how much longer I will be working in my lab anyway, since my NIH funds might be stopped in May. Latest from the chair of my department is that all faculty are looking at ~35% pay cuts, which was a big relief to hear because that means they don't plan to let us go.

This is not like Trump's first term; billionaires are now running the show and they have mental issues to say the least. I think the stock market could crash in the coming weeks/months in a way we have never seen before (unless other branches of our government get a backbone, which is not likely it seems).

This seems pretty crazy to me. For every one of these corporations you don't care for there probably another five or more that stay out of the news, focus on their core business and do their best to continue making profits and good results for their shareholders. Good businesses know how to make money year in and year out. They adjust strategy depending on the current climate and forge ahead.

I'm sure he an the other billionaires you despise are all heavily invested in stocks as well and it's not in their interest to see a total economic collapse. We are overdue for a significant correction as the market has been on a sugar high for a long time now. I suspect that is what we are seeing and it might dip further, but that's par for the course. We had a big dip around 2000, and another in 2008, prior to that it seemed like about every 10 years. This has been a long upward trending run largely propped up by the government borrowing and spending $$ they didn't have.

Do whatever you choose and good luck, but not all of us feel it is all doom and gloom ahead.

[ua_guy]

I think the market will speak for itself, and right now, it appears to be expressing some pretty strong reservations. That's no guarantee of how it will react in the future, but for now, the reactions are due to specific actions and economic policies (needless trade wars and other economic threats).

The market didn't just come off its sugar high because people thought it was due time, it fell sharply due to specific actions.

[Snydley]

I also should mention that most of my cash is in Ally CDs and earning interest. My month to month $ is in BOA and that is what I'm moving to a credit union.

[disneysteve]

Thanks folks.