You can save up to $1,000 per month with the free market economy, a new financial tool created by the Federal Reserve Bank of New York.
The program is meant to encourage consumers to save for retirement and avoid buying expensive items that could cause their savings to decline.
For those of you wondering how to use the free-market economy, here are the steps.1.
Get the latest news and market information on the market in real time.2.
Search for stocks and ETFs that have the lowest risk premiums.3.
Select a fund that you think has the highest risk of losing money.4.
Choose a balance of $50,000 or more, whichever comes first.5.
When the free trade economy program is over, you can return to the free markets.6.
Click the “return” button and the program will automatically take you back to the current market.7.
If you don’t have enough money to pay your bills at the end of the month, you will receive a refund, plus a bonus of up to 10% of your next monthly paycheck.8.
If there are any questions about the program, you may contact the New York Fed at (212) 772-1216 or by calling (646) 431-6346.