[coldpie]

> as opposed to stashing cash under the bed.

There are more options than this. My savings account gives something above 4.5%, and if that rate does go down, there's CDs and stuff like that. And I assure you, I'm not poor, lol :)

[ryandrake]

> My savings account gives something above 4.5%

Have you checked recently? Short term Treasury yields are hovering around 4% now, so I'd be surprised if HYSAs are yielding more than that today.

[coldpie]

You're right, looks like it's 4.25% at the moment. It's not something I check on much.

[psunavy03]

With a strategy like that, you're still not going to be nearly as rich as you could be, but you do you.

[coldpie]

I already have more money than I know what to do with. I'd rather spend my time on things I enjoy (arguing on HN) than things I hate (understanding or caring about the stock market).

[psunavy03]

It may not matter for you, and that's fine. But it matters for people who don't have more money than they know what to do with and who need to be able to fund a reasonably comfortable retirement.

[coldpie]

Yeah, totally. If they have a stronger stomach for gambling than I do, they'll (probably...) reap the rewards, and good for them! But it's not for me.