Gee, shouldn't lock-up cash like that. You may miss out on a great buying opportunity.
OT: Stock and Investment Talk
- Thread starter RU-05
- Start date
For a retiree, getting 5% on a CD is great for your short-term need bucket (need money within 5 years), but still need better returns for the other buckets.
Who said I'm locking up anything. I have cash for both and I'm not certain we've seen the end of the selling anyhow. None of the terms I gave were longer than a year out either. S&P is hovering at the support level I've mentioned, let's see if it holds.
Nonetheless I'm Joe Retail so go in the reverse direction that I do lol.
HODLers of the world are certainly getting their beating they maybe should have seen coming…myself largely included. Cramer does no one any favors with his enthusiasm…although he was just excitedly bragging about buying a two year treasury bond.🥳 lol
That's why I have a diversified basket of investments. I'm spread out between CD's, bonds (corporate, UST's, muni's), securities and options. I'm most active trading with options in growth equities, even 3X on puts and calls.
We have our investment bucket and then cash bucket.....really don't mix the two. We normally add to both with each paycheck/bonus, but we have plenty of cash so all excess money is dumping into investments.
The year hasn't been fun, but as per countless analyses, buy and HODL is the way to go. :)
I was considering diving into options.....but discovered all these leveraged ETFs. So much easier! :)
Ally and Capital One are up to 2% and 1.9%. Haven't pulled the trigger on any new CDs.....saving rates continue to climb.
You can really raise the stakes by trading options on the leveraged ETF's
I was looking at them this morning and saw the one Hunter brought. I just recently realized I could buy CD and treasuries in my brokerage account.
Is there a reason you don't use brokerage CDs? The rates there are higher. They're FDIC insured. Easy to mitigate any FDIC limits among multiple banks and they're not callable generally.
I used to look at these online banks and B&M banks but I stopped awhile ago when the rates of CDs are better and just as safe at the broker.
That's the way I've been doing it for a long time lol. The rates are higher at a brokerage and you get the FDIC coverage and they're generally not callable and you can mitigate FDIC limits among multiple banks easily.
Fidelity has them, don't have Etrade. The rates I gave above were from Fidelity.
Very cool, never looked into this. I will check it out. Any caveats for doing CDs via Fidelity as compared to an online bank?
yup, Fidelity but I have to check with my Ameritrade account. I’m beginning to think it’s available in all the large brokerage firms. They list CD, different rated corporate bonds and treasury rates.
Not that I know of, it's the same thing as B&M or online bank for me and I've been doing it for years. I haven't run into any issues yet and hopefully haven't jinxed myself lol.
You can buy secondary market CDs etc..but I just buy new issue ones and when they mature I look for others. All the features of each CD are listed there too....as in FDIC, non call etc..,New inventory is put on all the time as well.
edit: if you’re not certain then just test it out with a small amount of money and see how it is for you…minimums are very low.
Last edited:
It's possible, I've never looked there myself. Full service brokers have them too at similar rates but who knows what fees they may charge.
I do the same. One thing that I learned is that you once you place your order is to keep checking the rates before it closes. The rates can go up and I oftentimes will cancel an existing order to place a new order with a higher rate.
Also, if the rates between a CD and UST are about the same, go with the UST, as there's no state tax on the interest.
I've done the same and that's why I edited a post above from saying just under 4% for 1 year to 4% for 1 year. A new JPM CD (callable after 6mos) popped into the inventory. There is always new inventory going in and out.
It does seem like that but I've seen some disappear and then reappear again with the same exact terms. So I don't always jump on it thinking it's going to be gone for good.
I almost took the mmkts trader position in their fomc group and I taught quite a few of their mkts guys in my classes and let me say...............RUN
oh I could give stories on the Fed reps
They seem more like a crypto couple at heart… complete with Anthony Scaramucci-esque technical analysis.
Just an FYI all gains under Trump have been completely erased two years into the Biden presidency!
I have a small account I received for my service on a first aid squad. The original and only contribution was $2400. At the beginning of the Trump presidency it was valued at $ 6,884 Just looked at my last statement and it was at $ 6, 822t otally reversing all the gains made under Trump. I never touch this account as it is too small, So I took a set it and forget it approach. It is very aggressively invested with roughly 75% of assets in Nasdaq small cap and technology mututal funds and 25% in a blue chip large cap stock fund.
I have a small account I received for my service on a first aid squad. The original and only contribution was $2400. At the beginning of the Trump presidency it was valued at $ 6,884 Just looked at my last statement and it was at $ 6, 822t otally reversing all the gains made under Trump. I never touch this account as it is too small, So I took a set it and forget it approach. It is very aggressively invested with roughly 75% of assets in Nasdaq small cap and technology mututal funds and 25% in a blue chip large cap stock fund.
Last edited:
So in 8 years Obama’s stock market had it grow from $2400 to $6884?
What Biden economic policies are so different from Obama’s
Or did both Obama and Trump benefit from QE and zero percent interest rates that made the stock market the only place to invest?
I’ll preface this reply with the caveat that I do not get wrapped up with politics. However, I was with a few folks recently talking about the radical reversal and it’s disturbing. Biden and his entire administration may go down as one of the worst in history. Among many other things, Middle class and HENRYs continue to get squeezed. BTW, does anyone have a logical explanation as to why the Biden administration didn’t kill the carried interest shenanigan?
Sinema didn’t want carried interest gone. She’s positioning for post-political career…
As for the market, business cycles including the associated Fed policies/mistakes make markets cyclical. W Bush was not as bad a President as his stock returns would suggest (and I was not a fan).
Last edited:
The carried interest question is easy. Sinema did not give him the vote he needed
Latest posts
-
-
-
-
Baseball GAME THREAD: Rutgers versus Grand Canyon -- Game Three- Latest: rubaseball78