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Current Events > Why does my bank keep calling me to talk about investment opportunities?

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Makeveli_lives
05/15/24 2:00:42 PM
#1:


It's an invite to the local branch to talk so it's not a direct scam with info over the phone and such. But I only make like 80k with overtime and they've called 3 times in the last year.

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Trumpo
05/15/24 2:38:09 PM
#2:


Bofa?

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Irony
05/15/24 2:39:24 PM
#3:


So they can do that South Park joke where he's like and it's gone

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GuerrillaSoldier
05/15/24 2:40:55 PM
#4:


why wouldn't they want your money


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__aCEr__
05/15/24 2:41:35 PM
#5:


Probably gets pretty lonely inside of banks these days.

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philsov
05/15/24 2:49:24 PM
#6:


Makeveli_lives posted...
But I only make like 80k with overtime and they've called 3 times in the last year.


How much do you keep as liquid in your account?

There's a good chance investing that money will help that amount keep up with inflation and hopefully grow to more than that. Wealth tends to be snowball-y so the more you have, the more you get. Aligning your investment with the investments the bank already has tends to be a win-win. They might be doing you a favor (and themselves, in the process)

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Hospy
05/15/24 2:50:09 PM
#7:


It's the employee's job to bring in business.

Otherwise they're just sitting at a desk twiddling their thumbs.
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Makeveli_lives
05/15/24 3:06:49 PM
#8:


philsov posted...
How much do you keep as liquid in your account?

There's a good chance investing that money will help that amount keep up with inflation and hopefully grow to more than that. Wealth tends to be snowball-y so the more you have, the more you get. Aligning your investment with the investments the bank already has tends to be a win-win. They might be doing you a favor (and themselves, in the process)
Got about 10k in savings and checking. Its not much, I do pay all my own bills and expenses.

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Syrain
05/15/24 3:28:58 PM
#9:


Their financials may look down and they are doing everything they can to make it look better to the stockholders and Board.

Source: in the banking industry

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