Comment Re:Missing the point. (Score 0) 1013
You. I like you.
Roughly about 1/3 accidents, 1/3 suicides, and 1/3 deliberate homicides. Dwelling on massacres like Sandy Hook is not really a good idea for many reasons.
That's what I've been saying the whole time. It's simply not statistically significant.
In the United States, individual income tax refunds arrive during the second quarter.
Duh.
Some people have planned expenses in the second quarter that they plan to pay using their tax refund.
This is largely people who suck at managing their finances. In which case, an interest free loan is probably not the worst of their financial problems anyway.
In order to make an investment that substantially beats the short-term interest-free loan to the government that is the status quo yet continues to meet the use case of second quarter expenses, the money would have to be earned and invested throughout the year and withdrawn in the second quarter.
Again, this is a failure in financial management.
So what investment should one use between the day when one doesn't make the loan and the day in the second quarter, less than 12 months ahead, when the expenses come due?
Diversified investments of varied liquidity with the minimum amount of money in Chase savings accounts possible.
You stop gaining meaningful interest on it from the moment it lands in your bank account.
So keep as little as possible in that account.
You're not saying what you think you're saying. You're pointing to poor financial management skills to indicate that making interest-free loans in the thousands of dollars is a good idea. That's patently absurd.
it has to change
Why?
"It may be that our role on this planet is not to worship God but to create him." -Arthur C. Clarke
