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Post by kostsum on Feb 22, 2020 14:05:29 GMT
With the risk involved with bonds, it would be nice to have a less volatile option for investment. (At a lower interest rate of course)
Would a business savings account be out of the question? I see many benefits of having one.
A long term investment opportunity in a secure place is obvious, but also being able to split and isolate a funds from the purchasing money would probably help a lot of people from over spending as well.
Thoughts?
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Post by The Center on Feb 22, 2020 15:40:18 GMT
I like this idea. I've always thought about something like this. Maybe not for investments but a separate banking account to cover daily expenses like; executives and paying bond interest.
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Post by Not Another Company on Feb 22, 2020 18:36:41 GMT
Nah I wouldn't do it for bonds etc because people will forget to put enough in and default, but a savings so you can put away for upgrades etc would be nice,
OR
Government Bonds you can cash in immediately
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Post by kostsum on Feb 23, 2020 2:39:26 GMT
In my own personal life, it is far easier for me to budget if I limit my checking account balance. I don't even think about the money in savings.
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mtgm
Farmer
Posts: 2
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Post by mtgm on Mar 3, 2020 14:17:37 GMT
Also, I think the bonds interests need correction. Right now, everyone sells their bonds at 0.5 interest. It should be based on rating, perhaps. For example, if a company has BB rating, it can't offer bonds lower than 0.8, or higher. You get what I mean. Also, savings account with compound interest would be more than nice.
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Post by ForPlayLLC on Mar 3, 2020 14:56:34 GMT
I've been saying that bond thing for quite a while and get shot down every time I bring it up.
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Post by crazyplace on May 3, 2020 14:42:46 GMT
I had the idea for a savings account too. But it doesn't need interest if you ask me.
It's simply for budgeting. So that you can set apart money for daily costs, production costs for what you plan to produce, investment costs, etc.
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Post by vadesai31 on Jun 9, 2020 2:11:28 GMT
I had the idea for a savings account too. But it doesn't need interest if you ask me. It's simply for budgeting. So that you can set apart money for daily costs, production costs for what you plan to produce, investment costs, etc. I would use it for budgeting as my main reason but its a bank and interests would be needed. Only a small rate but a rate nevertheless. |
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Post by greens7777 on Jun 9, 2020 4:19:26 GMT
You can already save money. Buy a little bit of upgrade materials. Especially then, when they are cheaper. Thats what i do. Buy upgrade materials daily in small amounts. That does not hurt your wallet and at one moment you realize you can do "free" upgrade.
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Post by iamthecasa on Jun 9, 2020 17:09:05 GMT
A better option would be to have financial services businesses. Let companies create banking businesses. Savings and loan for starters. Deposits can pay interest, loans charge interest. Would need to create a mechanism to evaluate liquidity and stability of a bank. This is a real world thing that companies think about and have to navigate.
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