Savings account + lottery

[Johnny Chimpo 478]

I’m on Synchrony making a solidly shitty .5%. Maybe I’ll try increasing my holdings by a solid 20k like you said. Right now I only have 1000 in there so yea the ticket number is low. 

[nineliveslost 2,753]

Another $25 deposit
A $0 win this week. sigh😒
Total savings : $2,314.45

[Nice Guy Eddie 13,506]

4 hours ago, nineliveslost said:

Another $25 deposit
A $0 win this week. sigh😒
Total savings : $2,314.45

It will pick up.

I won $3.70 from a 22,600 balance. Equals to a .85% annualized return. 

[nineliveslost 2,753]

6 minutes ago, Nice Guy Eddie said:

It will pick up.

I won $3.70 from a 22,600 balance. Equals to a .85% annualized return. 

 How much $ total have you won with 20k deposited?

[Nice Guy Eddie 13,506]

3 minutes ago, nineliveslost said:

 How much $ total have you won with 20k deposited?

I built up to 22K so I don't have a long track record of that amount.  The biggest week I've had since the last deposit is $7.90.  I had a 1.59% November annualized return, and 1.25% in December so far. 

[nineliveslost 2,753]

56 minutes ago, Nice Guy Eddie said:

I built up to 22K so I don't have a long track record of that amount.  The biggest week I've had since the last deposit is $7.90.  I had a 1.59% November annualized return, and 1.25% in December so far. 

Thanks. I hopefully get a bonus in March (fuck Covid if not) and debating to drop 20k of it into this new fangled savings account 

[Nice Guy Eddie 13,506]

10 hours ago, nineliveslost said:

Thanks. I hopefully get a bonus in March (fuck Covid if not) and debating to drop 20k of it into this new fangled savings account 

I’m unique in that I like having a large emergency fund sitting in savings accounts. I started putting them in CDs 15-20 years ago but CDs just don’t pay anything now.

my expectation is to win $5 per week with Yotta at this funding level. Which is better than I can get elsewhere. But the real attraction is the idea of winning the larger prizes.

[40acredropout 2,902]

I'm late to the party but signing up now.  It's a good concept... not sure how else you make .5-1.5% returns exciting.  

[gsoda3 3,245]

thanks for the heads up.  opened an account with your link.  do you have to open the app and pick your lottery #s every week or can you set it to auto somehow?

[nineliveslost 2,753]

1 minute ago, gsoda3 said:

thanks for the heads up.  opened an account with your link.  do you have to open the app and pick your lottery #s every week or can you set it to auto somehow?

it will auto select if you dont

[Knoxtnhorn 5,971]

I just set up an account via your @Nice Guy Eddie link.  I hope you get credit for the referral.  Setting the account up at the beginning was kind of wonky, but I think I got your referral code in.  As soon as I'm verified, I'll make my 1st deposit and begin tracking returns on here for reference for others.

[Nice Guy Eddie 13,506]

Just now, Knoxtnhorn said:

I just set up an account via your @Nice Guy Eddie link.  I hope you get credit for the referral.  Setting the account up at the beginning was kind of wonky, but I think I got your referral code in.  As soon as I'm verified, I'll make my 1st deposit and begin tracking returns on here for reference for others.

Thanks. As @40acredropout said, it's not easy to make <2% returns exciting but if you have enough tickets, you do find that you occasionally hit M-W on a ticket, and you start dreaming of the $10m or Telsa 3.  Then Thursday and Friday crush your dreams.

[Nice Guy Eddie 13,506]

FYI, when it comes to withdrawals from Yotta, they immediately reduce the # of corresponding tickets. And your current best tickets are removed first. In other words, don’t withdrawal on a Friday if you have some good tickets. Wait until Monday morning to withdrawal.

[TKthunder2 4,985]

1 minute ago, Nice Guy Eddie said:

FYI, when it comes to withdrawals from Yotta, they immediately reduce the # of corresponding tickets. And your current best tickets are removed first. In other words, don’t withdrawal on a Friday if you have some good tickets. Wait until Monday morning to withdrawal.

They give you the tickets immediately so that makes sense it would be the same in reverse but taking your best tickets seems wrong.

[Nice Guy Eddie 13,506]

1 minute ago, TKthunder2 said:

They give you the tickets immediately so that makes sense it would be the same in reverse but taking your best tickets seems wrong.

I agree but they are very clear when you start a withdrawal process what will happen if you complete the withdrawal. I guess their point of view is that they want to incentivize deposits and partially penalize you for withdrawals. The good part is that a late week withdrawal is most likely a small win.

[Viper 12,096]

Nov apy was around 1%. dec was around 2%

[nineliveslost 2,753]

end of the year summary 

 

[CBT 1,282]

8.8?!?! Shit is so rigged.

[nineliveslost 2,753]

2 hours ago, CBT said:

8.8?!?! Shit is so rigged.

How long have you been in? I started in Oct. You have won a lot more but have a lower APY. I only have a little over 2k in the account 

[Nice Guy Eddie 13,506]

I would like to see the math behind these return percentages. I think they’ve made a mistake. Did they add each individual month’s annualized return together? I don’t think math works like that.

[nineliveslost 2,753]

16 minutes ago, Nice Guy Eddie said:

I would like to see the math behind these return percentages. I think they’ve made a mistake. Did they add each individual month’s annualized return together? I don’t think math works like that.

no clue. I do still enjoy it and hope its not a scam

[Nice Guy Eddie 13,506]

2 minutes ago, nineliveslost said:

no clue. I do still enjoy it and hope its not a scam

I don’t think the bank is a scam, but I think they made a stupid mistake in calculating everyone’s annual return.  They’re claiming I made 6% annualized return for 2020.  There is no way I earned that much. Each month was between 1.2% and 1.6% annualized. If you annualize the individual months, you can’t just add them together to show the annualized total for the year.

it actually doesn’t inspire confidence when a bank cannot calculate returns. I bet we all see a revised % in the upcoming days.

[40acredropout 2,902]

Well I deposited $9k and walked away with 25 cents in my first ~ half week.  Hoping for a more prosperous second week.

[Viper 12,096]

hit on another 4 number ticket last week

[nineliveslost 2,753]

8 hours ago, Viper said:

hit on another 4 number ticket last week

What $ did you win?

[Viper 12,096]

$13 and some change

[nineliveslost 2,753]

2 minutes ago, Viper said:

$13 and some change

👍

 

I am mostly doing this as a out of sight out of mind saving account, but do enjoy the "thrill" of maybe winning the lottery. So far the return is above my money market 

[Johnny Chimpo 478]

9 minutes ago, nineliveslost said:

👍

 

I am mostly doing this as a out of sight out of mind saving account, but do enjoy the "thrill" of maybe winning the lottery. So far the return is above my money market 

Same. I’m just letting it slowly accumulate some weekly deposits for potential future fun money. 

[TKthunder2 4,985]

12 hours ago, Viper said:

hit on another 4 number ticket last week

Same

4 hours ago, Viper said:

$13 and some change

Same

[Nice Guy Eddie 13,506]

Thanks for the 2 people that recently used my referral link! Hopefully your free 1-week tickets help out as well.

14 hours ago, Johnny Chimpo said:

Same. I’m just letting it slowly accumulate some weekly deposits for potential future fun money. 

Good idea. I just have my emergency fund in Yotta but a vacation fund would work out well for me, once I can go on a vacation.

[40acredropout 2,902]

Thanks again for putting me onto this @Nice Guy Eddie.

Can't believe how much attention I'm paying to something that might pay out a couple of bucks.  I don't have as much deposited as some of you guys so I've only got 360 tickets.  After tonight's number I've got 16 tickets this week with 2 numbers already selected.  Hoping for a 52 or 57 (either of those would bump 5 cards up to 3 numbers).

[Nice Guy Eddie 13,506]

10 hours ago, 40acredropout said:

Thanks again for putting me onto this @Nice Guy Eddie.

Can't believe how much attention I'm paying to something that might pay out a couple of bucks.  I don't have as much deposited as some of you guys so I've only got 360 tickets.  After tonight's number I've got 16 tickets this week with 2 numbers already selected.  Hoping for a 52 or 57 (either of those would bump 5 cards up to 3 numbers).

I hear ya. I get a notification every night around 8:05 to check my numbers. I get excited to see if I’ve hit $.25 (3 matches) for a ticket.

And I don’t even care about earning a quarter. It’s more about the lottery/gambling high. 

[Knoxtnhorn 5,971]

On 12/28/2020 at 6:08 PM, Nice Guy Eddie said:

I built up to 22K so I don't have a long track record of that amount.  The biggest week I've had since the last deposit is $7.90.  I had a 1.59% November annualized return, and 1.25% in December so far. 

I'm just getting started.  Quick question.  Does the app do this ^^^ calculation for you?  If not, what is the formula y'all are using for your monthly APR?  I know how to calculate interest; I just want to ensure I'm being consistent with y'all for reference.

[nineliveslost 2,753]

8 minutes ago, Knoxtnhorn said:

I'm just getting started.  Quick question.  Does the app do this ^^^ calculation for you?  If not, what is the formula y'all are using for your monthly APR?  I know how to calculate interest; I just want to ensure I'm being consistent with y'all for reference.

there's a tab that does it automagically for you on the app and then you get a monthly email with your wins and APR

[40acredropout 2,902]

On 1/8/2021 at 8:12 PM, 40acredropout said:

Hoping for a 52 or 57 (either of those would bump 5 cards up to 3 numbers).

Got my 57 last night.  Fingers are crossed for a $7 hit tonight.  

[nineliveslost 2,753]

10 minutes ago, 40acredropout said:

Got my 57 last night.  Fingers are crossed for a $7 hit tonight.  

I get $7 if I match Yotta, if not another .25 

[nineliveslost 2,753]

45 cents. so close, yet so far away 

[Viper 12,096]

Yeah I had a sub 50 luck score too this week. Oh well it balances out in the end. 

[InkaUtexas 25,852]

[Nice Guy Eddie 13,506]

Had my best week. $12.50 win including a $7 ticket. 23k balance. 

[Viper 12,096]

had my 4th $10 ticket.

Edited January 18, 2021 by Viper

[Nice Guy Eddie 13,506]

Any interest in creating a Surly Yotta pool?

https://intercom.help/yotta-saving/en/articles/4805448-what-is-pool-play

from what I can tell, you allocate any #of tickets you currently have to the pool. Then any winnings for any of the tickets are split by the pool based on how many tickets you contribute as a percentage of the total.

Let me know. I’ve created a pool but I can only invite with your mobile #. 

Edited January 21, 2021 by Nice Guy Eddie

[Nice Guy Eddie 13,506]

13 hours ago, Nice Guy Eddie said:

Any interest in creating a Surly Yotta pool?

https://intercom.help/yotta-saving/en/articles/4805448-what-is-pool-play

from what I can tell, you allocate any #of tickets you currently have to the pool. Then any winnings for any of the tickets are split by the pool based on how many tickets you contribute as a percentage of the total.

Let me know. I’ve created a pool but I can only invite with your mobile #. 

by the way, the above suggestion is not something that we manage outside of Yotta, it's a new feature within Yotta.  It would especially help someone that has fewer tickets, at least earn something each week. Obviously they would earn less than someone with more tickets.  (FYI, you have to download the latest Yotta app update to participate)

Tagging @CBT @nineliveslost @Johnny Chimpo @40acredropout @gsoda3 @Knoxtnhorn @TKthunder2 @Viper any interest? 

[CBT 1,282]

Sounds fun. It would make the collective sweat/gambool bigger. And I'm always down for that. 

[40acredropout 2,902]

I’m in-  I’ll pm you my #.

[40acredropout 2,902]

Joined.  Okay the real question-  what happens when the Surly pool wins the Tesla? 

[Nice Guy Eddie 13,506]

7 minutes ago, 40acredropout said:

Joined.  Okay the real question-  what happens when the Surly pool wins the Tesla? 

We get it for a month at a time.

Personally I'm looking forward to splitting the 10m

[CBT 1,282]

I'm in. glglglgl

[CBT 1,282]

15 hours ago, Nice Guy Eddie said:

Any interest in creating a Surly Yotta pool?

https://intercom.help/yotta-saving/en/articles/4805448-what-is-pool-play

from what I can tell, you allocate any #of tickets you currently have to the pool. Then any winnings for any of the tickets are split by the pool based on how many tickets you contribute as a percentage of the total.

Let me know. I’ve created a pool but I can only invite with your mobile #. 

putting this on next page 

[B00M 6,413]

As meager as 1-2% interest is, yotta looks like the best non-stock (or real estate) place to park cash. CDs are clearly trash. Series I savings bonds appear to be the best option at treasurydirect.gov, with basically the same return as yotta but you're limited to $10k/year and locked in for 1 year. Is there any vehicle I'm missing? High grade corporate bonds or some shit? Bond funds in general look relatively expensive with much bigger risk than upside to justify buying much of. But I'm a dumbass so I'm open to suggestions.