nope, just financially literate
one of the absolute dumbest things you can do is have money sit behind the inflation curve. Hell I'd bet even special ed kids understand that concept
OT: Stock and Investment Talk
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one of the absolute dumbest things you can do is have money sit behind the inflation curve. Hell I'd bet even special ed kids understand that concept
no way
if there is any facet of today's society that has so wholly let down the people they are intended to serve it's the media
Short-term pain = amazing buying opportunity
A mild recession would come with many long-term benefits. Couldn't be any better timing for me. :)
to add to that, one of the lead stories on cnbc right now is ....duh duh duh duhhhhhh..'
what silicon valley bank collapse means for future of climate finance
i mean you can't make up the stupidity of the media/left. try as you may, the left is really the ostrich class
Normally didn’t keep any cash in the bank except to pay the bills. However, I did buy some CD this year at the bank and move money in the online saving at 4.2%. I use the $250k limit for banks.
For my brokerage accounts, I have several accounts to bring it below the SPIC limit of $500k but I noticed I am over the limit of $500k at TD Ameritrade which is part of Schwab. Been thinking about moving some over to another brokerage. Most of the money in short term treasuries at the brokerages with some stocks, ready to pound on any opportunities.
I wonder what some of the multi millionaires, over $10-20 millions, on this board do with their brokerage accounts. My sister in law, since my brother is disabled, keeps all of her over $5 million assets at Fidelity Management, only in trusts for the kids . I guess Fidelity is safe? I stopped giving her advice and she didn’t want to keep watching the stock market even though she did well on my advice after 2008.
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Exactly my approach. I keep only enough money in the bank to pay bills. Entire cash pile sits in Fidelity MM and JPM MM - both are/were yielding about 4.45%. If I need cash for anything I just move it around from those accounts.
During the congressional meeting last Friday one of the primary concerns from lawmakers and FDIC/Treasury/Fed was how to control the media narrative. So I would agree with your take, we likely won’t be getting any new information or a deeper dive into published info.
We use Capital One and Ally for our cash/CDs. The joint/married limit of $500k helps so we don't have to chop it up too much.
I still have all my recent equity payout in Fidelity. Their Money Market is at 4.23% (SPAXX).
Interviewer squeezed poor TL, who resorted to weasel-speak with lots of "ah's" and "um's"....
In all seriousness, might not be the best time to buy more equities, says the guy who yesterday bought BAC.
I saw them on one of those list. They were paying great dividends but too risky.
Any thoughts on the insurance companies like PRU? Are insurance companies in danger quite of few at 52 week low?
Meh, who knows what will happen in the near term. My current plan allows for patience and flexibility. I will add to my leveraged plays when/if they hit the right levels. I keep our core portfolio (funds and etfs) to certain allocation ranges, which can be adjusted as needed.
The big question is all our new cash. Stick to our schedule or not? Not sure yet. Got work to do this weekend.
I bank with Ally and love them and also saw them on those lists. They have a very high unrealized loss to revenue ratio, but are on a much more stable footing than SVB. Really only a problem if all their depositors woke up tomorrow and decided to move their cash which would be unlikely, but I’m keeping an eye on it.
Their biggest exposure, IMO, is a balance sheet heavy on auto loans.
Not really sure on the insurance industry drops, they traditionally thrive in a higher interest rate environment so perhaps this is the anticipated rate pause/cuts getting priced in?
On the other hand, 'Be greedy when others are fearful...."
Does it even matter now? We are below the $500k limit, besides, the gov'ment seems to be protecting all deposits.
Absolutely not. We need at least:
- one earnings season that shows top line declines and
- one negative GDP quarter and
-Inflation print below 3
Could be but banks were suppose to thrive in higher interest rate environment. I have some PRU that I brought recently since they were paying over 5% and now 6.2%. I’ll ask my nephew since he works at PRU and has a sh** load of stock. last time I asked he said they thrive at higher interest rates then why is the stock going down? It all depends on allocation and timing I guess.
We’ve certainly adjusted. I have 500K in some shit Virginia Bank called Primus; paying 5% on a savings account (250 each for wife and I). Last Thursday we cut each balance to exactly 250 each and set auto transfers of interest directly to my Fidelity account.
No, not today. Not at the appropriate levels yet. Gotta maintain CB discipline. CURE and LABU are holding up okay. So is TQQQ. UWM and SOXL need to drop further. SSO is nowhere close to my level to convert from VOO.
BOIL and DIG are getting interesting. Energy is getting annihilated today.
Yes, with President Biden allowing drilling in Alaska, oil will be trending down.
Energy prices tanking with slow inflation obviously
BTW, I heard this all of 2022 and banks/financials were okay, but not great. I've never been directly involved in this sector, so I'm interested in thoughts on this. What's the story?
amazing right
yet no one asked if this was Stalinist Russia or Nazi Germany control over the media message. nuts
inverted curve
high interest rates on a normal curve is great for banks and insurance companies but not so much when it's inverted. inverted curves kill insurance companies and hurt banks
Swiss National Bank says it will provide Credit Suisse with liquidity if necessary
The SNB said Wednesday that Credit Suisse is currently well capitalized but that the central bank will provide additional liquidity if necessary.
Ha ha. No, y'all were mocking the little girl. It was hilariously obsessive and I made fun of you all back then.
Now we can move on. 😉
First Republic Bank Cut to Junk by S&P on Deposit Outflow Risk
First Republic Bank was cut to junk by S&P Global Ratings and Fitch Ratings amid concern that clients pull holdings from the lender, even after US regulators pledged support for the banking sector.
www.bloomberg.com
They all pay crap for interest unless you use CDs. And even then their rates suck.
But theoretically one's money is safer with them, at least over $250K.
You never were any good at that either. #TheSongRemainsTheSame
You're very impressive; I'm sure special ed kids really appreciate you.
Okay, so where does a financially literate genius like you put money they can shift around instantly that sits ahead of the inflation curve without having to sell stuff at the wrong time?
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